Exemption for Reimbursed Home Office Equipment The government is introducing a year-long exemption that means employers will not have to pay tax or national insurance contributions (NIC) on reimbursement of staff expenses for home office equipment purchased to enable them to work from home during the COVID-19 crisis. In a written statement , Jesse Norman, The Financial…
Read more → Exemption for Reimbursed Home Office EquipmentBounce Back Loans The Chancellor has announced a simplified loan arrangement for smaller businesses, known as ‘Bounce Back’ loans. Amounts available between £2,000 – £50,000 Limited to no more than 25% of the business turnover Interest free for 12 months Fully guaranteed by the Government, therefore no excuse for the bank to place onerous constraints…
Read more → Bounce Back LoansSupport Finder In an effort to help businesses locate (amongst all the recent announcements) help that may be available, the Government has set up a ‘support finder tool’, which hopefully may provide some clarity as to what clients can / cannot claim. Please see the link below: https://www.gov.uk/business-coronavirus-support-finder…
Read more → Support FinderHR Support As part of our service from Croner Taxwise, all clients who have opted to take out the insurance cover against professional fees incurred in the event of any HM Revenue & Customs enquiries receive telephone access to expert HR support. This service has been extended to include a dedicated Coronavirus team to guide…
Read more → HR SupportHMRC has updated their notes on support available to business. The notes provide some further detail, but as you will see HMRC are still to announce exactly how / when certain of the provisions are to come into effect. HMRC support for employers & business We will be reviewing future notices as they arise and…
Read more → HMRC Business Support – Update
