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
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...
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...
Changes to BILS Announced by Chancellor and What That Means for Your Funding Options
As predicted yesterday, Rishi Sunak has announced important changes to the Coronavirus Business Interruption Loan Scheme (BILS). Under the old scheme, there were 130,000 applications and only 1,000 were given loans, a clear sign that the scheme wasn’t fit for purpose....
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...
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...
Self-Employed Earners
Support for self-employed earners mirrors somewhat the relief for employees via the Coronavirus Job Retention Scheme (CJRS). 80% of earnings based on an average from the last three tax years, and capped at £2,500 per month.
Small Business Rates Relief (SBRR)
A cash grant of up to £25,000 for those businesses with a rateable value of less than £51,000, and cash grants of £10,000 to 700,000 of the smallest businesses.