Avoiding CJRS Payment Delays

HMRC has now started testing the Coronavirus Job Retention Scheme (CJRS) portal on a small number of employers ready for the planned full release on 20th April. As a reminder, any employer looking to claim back 80% of furloughed employees pay under CJRS will need to...

Chancellor Announces Lifeline For Charities

Today the Chancellor, Rishi Sunak, announced a £750m package designed to support struggling charities during the Coronavirus pandemic. This follows concerns that some charities are facing huge financial challenges, with income streams such as charity shops,...

From Cash Preservation to Cash Flow Forecasting

Hopefully, by now you are at an advanced stage with the Government measures that are already available to you. Existing options include: Business Interruption Loan Scheme (BILS); CJRS & Furloughing Staff; Rent assistance; Tax deferrals. Whilst the measures are...

What to Expect from the Next Chancellor Statement

BILS Overhauled Anticipated Following on from yesterday’s email there have been multiple reports today that the Chancellor is expected to overhaul the Coronavirus Business Interruption Loan Scheme (BILS). We wouldn’t ordinarily comment on speculation but we know that...

Potential Deferring of Salaries

Start conversations with staff regarding potential deferring of salaries There is a possibility the CJRS money may not be paid to employers by end April as originally planned.  If this is the case businesses will need to think about their cash flow and how they are...