Accounting 4 Everything

We're back with you today for our daily #Coronavirus Q&A/ Update at 10.30am. The best way to view this is via the Zoom link - https://bit.ly/A4Ecoronavirus -however we will also be streaming live here on our Facebook too.
James will be joined by Helena from The HR Dept - Torbay and Ivybridge to answer questions on the business support available, including the furlough claims.
We are also happy to say that Mike from Marketing Geeks will also be joining us to talk about the im...portance of continuing to market your business through the crisis & some social media tips.
Please join us from 10.30am! 😀
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The Job Retention Scheme launched at 8am on 20 April 2020. By midnight on 20 April:
➡️185,000 claims were submitted through the scheme ➡️That’s a total of 1,300,000 employees reported as furloughed ➡️At a value of £1,500,000,000
... Apply for a grant to cover the wages of your furloughed staff now: https://www.tax.service.gov.uk/coronaviru s-job-retention-sc…
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Daily #Coronavirus Q&A with The HR Dept - Torbay and Ivybridge

Don't forget, we have created a new link for our daily #Coronavirus Q&A/ Update - https://bit.ly/A4Ecoronavirus
Please join us from 10.30am to ask your business-related questions on Coronavirus :)

Due to a couple of issues with the recurring Zoom webinar, we have created a new link for tomorrow onwards - https://bit.ly/A4Ecoronavirus
Please join us from 10.30am tomorrow to ask your business-related questions on Coronavirus 😄

Daily #CoronariUpdate / Q&A with Mr Motivation himself - Vic Williams from The Audacious Company and Helena White from The HR Dept - Torbay and Ivybridge

* UPDATED WITH STEP-BY-STEP GUIDANCE IN THE COMMENTS *
Ladies & Gentlemen... the portal is open!
You can now submit your claims online here - https://www.gov.uk/…/claim-for-wages-th rough-the-coronaviru…
... If you don’t already have a Government Gateway, you will need to register - which could delay the claim by up to 10 days.
If we are your agents, we can make these claims for your and our team are quickly working through the list to submit these as we receive your authorisation.
Join us for the daily Coronavirus update/Q&A weekdays at 10.30 to answer your questions on the process - https://bit.ly/A4Ecoronavirus
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We know many people are asking you to like pages at the moment, but we’ve been working on this project for the last 6 months behind the scenes.
We’d really appreciate if you gave Uncharted Business a like - it will be a resource for both new and growing businesses, providing support not only on our typical tax/accounts, but also marketing, HR and legal help for your business.
We’ll be an online coach for your business, providing tips and tricks to help you through the current situation and be in a position to launch/grow on the other side.

Just a quick reminder that we won’t be doing our daily Coronavirus Q&A over the weekend, but will be back at 10.30am on Monday, dealing with all your questions on the government support & furlough scheme. As always we will welcome Helena from The HR Dept - Torbay and Ivybridge 😀
In addition, we have some amazing guests coming up from The Audacious Company, Paddle & Cocks LLP Solicitors, Marketing Geeks, Ponticello IT Solutions and Intuit QuickBooks!
Have an amazing weekend!

Once again we have breaking news on a Friday evening - just as we thought it safe to pour a large and well-deserved glass of wine!
Thanks to The HR Dept - Torbay and Ivybridge for sharing this but here are the long awaited guidelines on the step-by-step guide for employers on the Job Retention scheme claims through the online system which opens on Monday.
Helena will be going through it in detail during our Monday Q&A at 10.30am,... however at first read it seems in line with everything that’s been published so far:
• You will need to make your claim all in one go, so make sure you have all the information ready. • There is no ‘save and return’ function • Claims paid in six working days
In addition, the Job retention scheme has also been extended by an extra month to 30th June 😀
Have a good weekend!
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Today's Live!

Are you working at home due to Coronavirus?
From 6 April 2020 your employer can pay you up to £6 a week tax free (£26 a month) to cover your additional costs if you have to work from home. For previous tax years the rate is £4 a week (£18 a month).
Find out more here - https://www.gov.uk/tax-relief-for-employe es/working-at-home
... In addition, we announced today we are focussing on ‘Working at Home’ for our daily updates next week, with special guests to motivate and support you.
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Daily #Coronavirus Webinar / Q&A with James and Helena from The HR Dept - Torbay and Ivybridge

Good Morning! We're back in 15 mins (10.30am) for our daily #Coronavirus update / Q&A via Zoom (https://bit.ly/A4Edailyupdate) and here on Facebook.
Helena from The HR Dept - Torbay and Ivybridge will also be back with us, answering all of your #HR / #furlough queries.

*BREAKING NEWS* - The furlough cut-off date has been extended from 28th February to 19th March 2020!
This is great news for those who previously weren't covered by the scheme's original date
Feel free to contact us or Helena at The HR Dept - Torbay and Ivybridge with any queries.

Daily #Coronavirus Q&A with James and Helena

*BREAKING NEWS* HMRC have now released the detail of how they are calculating 'trading profits' for the Self-employment Income Support Scheme.
We're incredibly frustrated to hear that they WILL be deducting capital allowances from the calculation of the grant - therefore if you have claimed 100% tax relief on a van or equipment, this will, unfairly, reduce the grant being received.

Today's Update from the Chancellor, Rishi Sunak:
❌ No changes to current policy 🙁
However, we have now joined with over 200 Accountancy practices across the UK and Countingup Bank, to sign an open letter to the Chancellor.
... The key issues flagged are: - Directors on dividends - Small businesses with directors remunerated primarily through dividends need financial support. We estimate that some 90% of all limited companies have just one director and are likely to be using dividends as a primary source of income.
- New self-employed - Those self-employed sole traders who set up after 6 April 2019 need financial support. We estimate there are hundreds of thousands of these new entrepreneurs who face their business being crushed just as it has got started.
- Historic profits over £50k - Self-employed sole traders who historically had tradable profits of over £50,000 and, due to the impact of Covid-19, now have zero or much lower tradeable profits, need financial support.
We are also chasing urgent clarification of the definition of 'trading profits' being used for the self-employed grant and also emphasised the urgency of these grants.
We'll post the full letter as soon as it is finalised.
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