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
Financial Support Reminders
The Government has today launched two much-anticipated schemes directed at small businesses and the self-employed in response to the Coronavirus crisis. Bounce Back Loans As of 9 am today, small businesses can gain access to a new fast-track finance option, known as...
Reminder – Bounce Back Loans Available From Monday
As there were no significant business announcement's today from the Government for us to advise on, we want to take this opportunity to remind you that from 9am this coming Monday, small to medium-sized businesses can gain access to a new fast-track finance option...
Claims your business can make to aid cash flow
Businesses that were previously profitable but are now potentially loss-making can apply for what is known as a 'provisional loss carry-back claim' from HMRC. What is a provisional loss carry-back claim? A provisional loss carry-back claim is a little known submission...
Chancellor Announces 100% Government Backed Coronavirus Bounce Back Loans
The Chancellor today announced that small businesses will from 9am on Monday 4th May gain access to a new fast-track finance option, which is being referred to as the Coronavirus Bounce Back Loan. The scheme has been designed to ensure that small businesses who need...
Five things that might be missing from your Will
Most of our advice to date has focused on how to support your business during COVID-19 but following our email last week about Wills our private client team has been working closely with our clients and their family members to ensure their personal affairs are also in...
HMRC delays second phase for Making Tax Digital (MTD) scheme
As UK businesses deal with the pressures of COVID-19, more stringent rules around digital links for HMRC’s Making Tax Digital (MTD) scheme will no longer be introduced as planned this year. Instead, the requirement will come into effect from April 2021 onwards, giving...
Chancellor Announces Funding for Companies Backed By Private Investors & Furlough Portal Is Now Live
The Chancellor has today announced a new Future Fund for companies backed by private investors, whilst this won’t be relevant for most companies we are aware that it has been widely reported in the media so have summarised the key points below. Future Fund Full...
Changes to the Furlough Scheme – Action Required
The Chancellor, Rishi Sunak, today announced changes to the Government’s furlough scheme. Most importantly, all previous versions of the Guidance (including guidance released today at 7pm) stated that it was sufficient to notify your staff in writing of the fact that...
Wills and Estate Planning – Free Consultation
As a consequence of COVID-19, we are receiving lots of requests from clients about reviewing or updating their Wills (or the Wills of their family members). As a reminder, our private client team offer a complete end-to-end service covering all aspects of estate...