COVID-19 Hub
COVID-19 Hub
TC Group is here to support you and your business through these unprecedented times. Our COVID-19 Hub is an information resource and place to find answers to the most important questions, enabling you to keep your business operational during this challenging period. Inside, you will find useful details on Government support for businesses and individuals as well as a wide range of practical advice from our specialists in each of the key areas where you may need assistance.
Client Services
Please note our physical premises are now closed. Although we have adapted our processes, we continue to manage our post daily, and you should experience minimal to no disruption to our handling and response times. All other services are continuing as normal. Most staff now work from home, and we will ensure that we continue to support you in the usual way via calls, emails and video conferencing.
Increased Fraud Risk
Fraudsters are taking advantage of the uncertainty caused by the Coronavirus to target potential victims. Please take all necessary steps to ensure you are not one of them. Full Government guidance can be found here. Wherever possible you should send documents and transfer money electronically, rather than sending forms and cheques in the post. It is also important to be vigilant when it comes to making transactions online.
Tax Initatives
Government tax breaks, deferrals, and other areas where TC Group can help.
HR Support
Government employment support and TC Group HR strategy
Financial Guidance
Government financial support and guidance available at TC Group
COVID-19 Updates
Couples Inheritance Tax Thresholds
Just as you would regularly review your financial affairs, it is advisable to regularly give your Will a health check to make sure it still works for you and takes advantage of all available tax allowances. Our private client team has been working closely with our...
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...
Annual Payroll – New Directive From HMRC Overrules Previous Guidance On CJRS Claims
Contrary to the consistent guidance issued since the launch of the Coronavirus Job Retention Scheme (CJRS), a new directive issued by HMRC contradicts this guidance for some individuals. The current CJRS claims portal does not permit claims to be made in respect of...
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...