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
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...
Business Rates Retail Discount
The Government has implemented a 12-month business rates holiday for all shops, pubs, theatres, music venues, restaurants and any other hospitality or leisure business, which comes into place from April…
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.