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Coronavirus – Bounce Back Loans – BBLS

Having received some criticism for the CBILS scheme the Government have launched the Bounce Back Loan Scheme for small businesses. The BBLS offers a 6 year loan with an interest rate of 2.5% for the term, and importantly, for the first 12 months there are no repayments to be made and the Government are paying…Read More

Coronavirus – Self-Employment Income Support Scheme – almost here

From Monday 4th May HMRC will be commencing contact of self-employed people who are eligible to make a claim under the SEISS scheme. The claims system will be open for applications from 13th May for those eligible and HMRC are promising a payment by 25th May or within 6 working days for qualifying applicants. Details…Read More

CORONAVIRUS – Job Retention Scheme – further information

Although there is still no portal via which to make a claim yet, there have been some clarifications issued by HMRC on the details of the Job Retention Scheme, the primary updates are: Company directors can be furloughed and still carry out their ‘statutory duties’. They should not however “do work of a kind they…Read More

CORONAVIRIS – Self-Employed Income Support (26\3\20)

The Chancellor has announced a scheme to support the self-employed. The government will pay self-employed people, who have been adversely affected by the coronavirus, a taxable grant worth 80% of their average monthly profits over the last 3 years, up to £2,500 per month. If there are not three years available then they will look…Read More

Coronavirus – The Pension Regulator (25/3/20)

The Pensions Regulator (TPR) has been explicit that it expects employers to continue contributing. It has, however, stated: “We know this is a challenging time for everyone and we recognise the strain this is putting on employers. We will take a proportionate and risk-based approach towards enforcement decisions, in light of these challenging times, with…Read More

Coronavirus – Highland Council – Small Business Grant (24/03/20)

(Added 24/3/20) The Highland Council website now includes the Small Business Grant information page including the application form. The Small Business Grant is for retail, hospitality and leisure businesses with a rateable value between £18,001 and up to and including £51,000 will be able to apply for a one-off grant (external link) of £25,000 if operating in that…Read More

Coronavirus – HM Government – Business Support Web Page (24/3/20)

The UK Government have put together a hub for business information giving full links and information on the schemes that are currently available. (Please remember there are other/alternative schemes from the Scottish Governments links on our main Coronavirus Support Page Particularly for the Coronavirus Business Interruption Loan Scheme (CBILS) it includes links to the British…Read More

Coronavirus – IR35 – Private Sector reform delayed (18/03/2020)

The UK Goverment has announced that the IR35 reforms to the private sector due to come into force on 6th April 2020 have been delayed by 12 months until 6th April 2021. The reforms have come in for considerable criticism from contractors, client businesses as well as the House of Lords, and while the delay…Read More

Coronavirus – HM Government – Initial guidance for business (18/03/2020)

Yesterday afternoon the UK Government announced further measures to assist businesses through the current Coronavirus problems. The overall guidance page issued by the UK Government remains at https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19 The detailed support for business can be found at https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses The latest measures from the Scottish Goverment (as of 14th March) are at https://www.gov.scot/news/gbp-320-million-package-of-support-for-businesses/

Coronavirus – Government Advice for Business (17/03/20)

It’s hard to stay up to date with the rapidly changing situation on Covid-19 which will obviously affect businesses and their employees. We have received inquiries from clients about the business impact. As at today, 17th March 2020  the Government advice pages can be found below: Scottish Government https://www.gov.scot/news/covid-19-helpline-for-scottish-businesses/ UK Government https://www.gov.uk/government/news/coronavirus-covid-19-guidance-for-employees-employers-and-businesses From the point…Read More

Big Project…the new office!

We know we have been quiet but we have been VERY busy in the background, we have been building a new office! Like many businesses Aird started small without a dedicated office space and for over 2 years although this worked we were always working on a bigger plan! Like all bigger plans however they…Read More