Scotland: Route map for moving out of lockdown.
The document we have all been waiting for has been published. Download by clicking this link: ‘COVID-19: Framework for Decision Making – Scotland’s route map through and out of the crisis’
Changes to working or running a business
Remote working remains the default position for those who can.
For those workplaces that are […]
Scotland: new sources of Coronavirus financial help
Three new grants became available this week to help Scottish businesses negatively impacted by the Coronavirus:
Pivotal Enterprise Resilience Fund
Creative, Tourism & Hospitality Enterprises Hardship Fund
Newly Self-Employed Hardship Fund
Pivotal Enterprise Resilience Fund
It may be difficult to secure this grant because it will be “needs based”, and your business must meet the criteria […]
Scotland: Financial help for liquidity support for SME housebuilders
An emergency loan fund has been announced which will help housebuilders with liquidity.
Who can apply?
SME housebuilders who can demonstrate that:
They are an existing business in Scotland which has been directly affected by COVID-19
Their turnover is less than £45 million and they are building five or more homes per annum
Their business […]
This morning, the HMRC portal opened to accept claims for grant support under the ‘Coronavirus Job Retention Scheme’ (CJRS).
ad+ has set up all the processes necessary to claim the job retention grant on behalf of our clients and any other local businesses that require help.
It is essential that all claims are accurate, valid, and supported by written evidence.
If you need […]
This fifth client bulletin concentrates on financial steps business should take now.
Before highlighting new measures, I would like to provide further update on the most important support measures announced to date:
[A] PREVIOUS ANNOUNCEMENTS
UPDATE FOLLOWING ADDITIONAL GUIDANCE
[1] Coronavirus Job Retention Scheme
The HMRC application platform is NOT ready yet: it is expected to be available by the end of April 2020.
[2] […]
This forth client bulletin concentrates on financial steps business should take now.
SELF-EMPLOYED SUPPORT ANNOUNCEMENT
Last night, Chancellor announced the “coronavirus (COVID-19) Self-employment Income Support Scheme“, which you can use if you are self-employed or a partner and you have lost income due to the impact of coronavirus.
Some of the details from the official HMRC announcement about this important new financial aid package are noted below. Please contact us […]
This third client bulletin concentrates on financial steps business should take now.
Small Business Bonus Relief (to reduce non-domestic rates)
“Small business bonus relief” is an existing scheme which reduces the amount of non-domestic rates that are paid by small businesses.
Obtaining this relief is a qualifying criteria for a new cash grant from the described next.
APPLY:-
South Lanarkshire Council: https://www.southlanarkshire.gov.uk/forms/form/311/en/small_business_bonus_relief
North Lanarkshire Council: https://www.northlanarkshire.gov.uk/index.aspx?articleid=29202
Glasgow City […]
Emergency financial help for business
This is the second in our series of bulletins through which we aim to help all our clients by sharing up-to-date official Guidance and practical tips to combat the financial impacts caused by the Cornonavirus (Covid-19).
There are five emergency financial aids that I want to highlight today.
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME
From today, the Coronavirus Business Interruption […]
Unprecedented Times
ad+ is here to help protect your business and your wealth
This is the first in our series of bulletins through which we aim to help all our clients by sharing up-to-date official Guidance and practical tips to combat the financial impacts caused by the Cornonavirus (Covid-19).
“Britain is facing something akin to wartime”, according to the head of the Office […]
Up to £1,000,000 of investment in plant and machinery by businesses may be eligible for tax relief. The minimum eligible investment is £200,000.
This is a temporary arrangement which is designed to encourage business investment by accelerating tax relief.
The investment can be paid from business cash or borrowed funds.
The timing of the investment can affect the amount of tax relief.
Only certain […]