Government puts pressure on Banks to help Businesses

After a quiet few days for business announcements from the government, today the Business Secretary, Alok Sharma, addressed the nation, to give some much-needed optimism for businesses that are still struggling due to the limitations in the government’s support...

COVID-19 – Daily Update and Director Pay Review

Following on from yesterday’s update, Westminster was quiet again today on the business front, so there are no additional government updates today. Hopefully, by now, you are well on your way with your HR plan, funding solutions and other cash flow improvement...

R&D and how it can get cash into your business quickly

Research & Development (R&D) tax relief is an incentive available to UK limited companies which encourages investment in innovation. R&D tax credits can reduce a company’s tax liability and can be backdated for previous years so can result in significant...

HR Strategy / R&D Consultations

Our HR and Tax teams worked over the weekend to ensure our clients were able to plan and start executing their HR/Furlough strategies. If you haven’t already please contact the TC HR team to find out how we can help.

Coronavirus Job Retention Scheme (CJRS)

All employers can apply to HMRC for a grant to pay 80% of the wages of retained staff who are not working (known as “furlough”) up to a maximum of £2,500 per worker per month. The Coronavirus Job Retention Scheme (CJRS) will be backdated to 1st March 2020 and will...

Tax Deferrals

Self Assessment Deferrals The self-assessment payments due this coming July will be deferred (but not waived) until January 2021; all Income Tax payable in July 2020 is deferred until 31 January 2021. VAT Payment Deferrals The next quarter of VAT payments will be...