SME Support Forum Northern Ireland
Helping to provide guidance and support toNorthern Ireland's SME Sector
We would like to remind you of the following important deadlines: · The final date by which an employer can furlough an employee and claim the Coronavirus Job Retention Scheme (“CJSR”) for the first time will be this Wednesday 10th June 2020 · The CJRS scheme will be closed to new entrants from 30th June …
Continue reading "CORONA VIRUS SUPPORT SCHEMES – IMMINENT DEADLINES"
The Chancellor announced revisions to the CJRS on 29 May 2020. As of 24 May 2020 the scheme has been used by 1 million employers protecting around 8.4 million jobs at a total cost of £15 billion. The changes outlined are designed to step the economy back to a recovery and are based on: Flexible …
Continue reading "REVISIONS TO THE CORONAVIRUS JOB RETENTION SCHEME (CJRS) 29 MAY 2020"
Business Interruption Insurance Coverage or rather the apparent lack of it has attracted the interest of the Financial Conduct Authority who have now embarked on a process to establish “legal clarity” on the position. The FCA are therefore bringing a test case involving a number of insurance companies aimed at resolving some of the key …
Continue reading "Guidance Update Tuesday 2nd June Business Interruption Insurance:"
Businesses should start to prepare a Return to Work Plan including a Risk Assessment. AS we begin to move out of lockdown, the SME Support Forum, set-up by law firm, McKees, accountancy firm Harbinson Mulholland and financial services practice, Kerr Henderson, is urging businesses to start taking the steps now to ensure they are in …
As a result of the coronavirus crisis, the government has also announced that it will be introducing new insolvency legislation with the intention of temporarily suspending the ‘wrongful trading’ rules which apply to insolvent companies. Temporary Change to Existing Legislation: The Bill will temporarily relax the threat of personal liability for wrongful trading from company …
Continue reading "Covid -19 Insolvency Update- Temporary Relaxation of Wrongful Trading Rules"
If you think you may not be able to make your pension contributions, contact your adviser and/or provider in the first instance to explore whether there is flexibility to change the due date for payment of employer contributions to a future date or, whether they may be able to help you plan to pay contributions …
Continue reading "What if I am struggling to make pension contributions?"
Closure of the Small Business Support Grant Scheme Members are reminded that if they think they are eligible for the Scheme (NAV of £15,000 or below) they have until the above time on Wednesday 20th May at 23:59 (tomorrow) to submit their details to the Department for the Economy.The online portal for submission of details …
Continue reading "Tuesday 19th May – Small Business Support Grant Scheme"
COMMUNICATE: With your employees regularly about the steps your business is taking to address COVID-19 on their behalf. Providing a summary or review of your current pandemic plan and changes to it in the light of government advice will prove to them that their organisation is supporting their health and well being. ENGAGE: Stay in …
HMRC has now updated its guidance concerning the support for self-employed earners. For the recent update click on this Eligibility Calculator is that there is now a link where it can be checked if a claim if eligible. Points to note are: To check, the self-employed earner will need their Unique Taxpayer Reference (a 10 digit number) …
Continue reading "SELF EMPLOYED: INCOME SUPPORT SCHEME UPDATE"
From 8am this morning self-employed individuals or members of partnerships whose business has been adversely affected by coronavirus will be able to apply for a Self-Employment Income Support Scheme (SEISS) grant worth 80% of their average monthly trading profits. From today, people will be able to make their claim on a specified date between 13-18 May, based on their Unique …
Continue reading "Wednesday 13th May: Self-Employment Income Support Scheme OPENS"
SME Support Forum Northern Ireland 