News

First of all may I hope you and your family are well and managing to cope with the restrictions necessary to reduce the impact of Covid-19. As the pandemic spreads you may have heard or experienced people close to you who have suffered because of this virus which brings it home how serious the [...]

Monday 20th April 2020, marks a day in history for the US oil price as the price per barrel closes at a negative value, as the knock-on effects of the coronavirus pandemic continue to hamper the world’s economy. The West Texas Intermediate (the US Crude Oil Marker) priced the May delivery of oil at [...]

The Self-Employed Income Support scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will be available for 3 months, but may be extended. The grant will be subject to Income Tax and National Insurance contributions but does not need [...]

The RAF plane carrying much needed personal protective equipment (PPE) from Turkey finally touched down at RAF Brize Norton, Oxfordshire, in the early hours of today, three days after it was promised. It is believed that the plane was only carrying half the promised 84 tonnes of equipment as it emerges that ministers ignored [...]

Within minutes of the U.K. government’s furlough scheme going live it was targeted by opportunistic hackers impersonating the country’s tax collection website. Hundreds of phishing emails landed in peoples inboxes inviting them to click on a link that takes them to what looks like an HMRC (HM Revenue and Customs) furlough claim website. The [...]

The Coronavirus Job Retention Scheme, which represents the protection of over a million jobs, according to chancellor Rishi Sunak, opened for applications at 8am yesterday and by 4pm more than 140,000 firms applied to HM Revenue and Customs. With recent changes to the Scheme regarding eligibility, the number of employees that can now claim [...]

  Happy Easter everyone and I hope you all managed to enjoy a bit of sunshine even during lockdown. Investment Week have just released an interesting article about the amount of cash that the average FTSE 100 company holds. ‘The average FTSE 100 firm has enough cash to operate for 20 months without incurring [...]

  As advised in our previous news story, due to the dramatic reduction in work for understandable reasons, we have now placed 50% of our Administration team on Furlough Leave for 3 weeks commencing today. Whilst the number of Administrators has reduced, our commitment to our clients remains the same and we are very [...]

Morning and Happy Easter to everyone. At least the sun should be shining and the weather glorious. It’s a shame we wont be able to go anywhere but it could be worse. Anyway, the Board of Directors met yesterday to discuss the ongoing crisis engulfing the world and the continued lockdown with its knock [...]