Financial Guidance
Financial Guidance
On this page, you will find all the information you need to make informed decisions and access our expert advice in response to the Government announcements about financial support for your business.
Contact us today to discuss how TC Group can liaise with banks and other financial institutions on your behalf to secure any loans or grants that are available to you.
Updates
Qualifying for the Coronavirus Job Retention Bonus Scheme
HMRC has issued additional guidance on the Coronavirus Job Retention Bonus Scheme (JRBS), further clarifying details on eligibility. The JRBS is a £1,000 one-off taxable payment to employers for each eligible employee they furlough and keep continuously employed until...
Summary of Government Support Across Tiers
The Government have provided a range of financial measures and these vary across the three lockdown Tiers. We have set out below a summary of the support available for businesses from 1st November, depending on the Tier level that the business is under. Tier 1...
Chancellor extends COVID support for businesses and announces new business grants
In response to the continuing economic challenges posed by the COVID crisis, the Chancellor today announced additional support for all businesses and grants for some industries. The Chancellor has introduced three measures, including increasing the benefits of two...
Chancellor Expands Measures for Businesses Required to Close Under Local Restrictions
The Chancellor today announced extensions to the Jobs Support Scheme (JSS) to cover 2/3rds of staff wages up to a cap of £2,100 per month and an increase in cash grants to a maximum of £3,000 per month. Both expansions will apply to businesses legally required to close due to local lockdown restrictions.
Chancellor announces a range of measures to help businesses through the winter
Today the Chancellor introduced a new Job Support Scheme (JSS) to help businesses and employees through to 30th April 2021. In addition to the JSS, the Chancellor announced an extension of the Self Employed Income Support Scheme (SEISS) and funding support for...
Business support for latest COVID restrictions
The Prime Minister today announced a tightening of restrictions in England to curb the number of daily infections as the country continues to battle COVID-19. Key points include: Working from home where possible; Restrictions on opening hours for pubs, bars and...
New grants to support businesses required to close due to local COVID-19 restrictions
The Government has announced new grants to support businesses that are required to close due to COVID-19 in high incidence areas. The grants will be for either £1,500 or £1,000 every three weeks depending on the size of the business. For businesses that occupy...
How to partially sell your business without losing control and why now is the right time to consider it!
Most business owners assume when they sell their business they will lose control and therefore don’t consider it until they are approaching retirement. In reality, there are lots of options to consider and in many cases, it can help ‘lock-in’ your management team...
New grants to help fund recovery for SMEs
The Government has announced £20m in funding to help SMEs in England recover from the effects of the COVID crisis. SMEs can access grants for new technology and other equipment. The grants can also be used for professional, legal, financial and other advice to assist...