Up to date rules on Furloughed workers
What you’ll need to do make a claim Employers should discuss with their staff and make any changes to the employment contract by agreement. Employers may need to seek legal advice on the process. If sufficient numbers of staff are involved, it may be necessary to...
New Rules on Wrongful trading
Nigel Holland
Holland & Co is open for business
Nigel Holland Holland & Co Chartered Accountants is open as normal. Office hours 8 a.m. to 6 p.m. Some staff are working from home and telephone calls are being answered. All our email accounts are working. We are helping our clients cope with the effects the...
National Minimum Wage and National Living Wage rate changes
The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. This page is also available in Welsh (Cymraeg). You must be at least: school leaving age to get the National Minimum Wageaged 25 to get the National Living Wage - the minimum...
Further Guidance on Furloughed Workers from the ICAEW
The ICAEW have issued further guidance on the Coronavirus Job retention scheme, the link to this guidance is:https://www.icaew.com/insights/viewpoints-on-the-news/2020/mar-2020/coronavirus-job-retention-scheme-furlough-guidance The text of the ICAEW guidance is...
HMRC have issued the following guidance on the Corona virus Self-employment income support scheme
HMRC have issued the following guidance on the Coronavirus Self-employment income support scheme, the link to this guidance is: The text of the HMRC guidance is replicated below for your reference and is subject to further clarity from the...
vat-and-self-assessment-payment-deferral
Updated March 27: The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self-assessment payments. ICAEW’s Tax Faculty outlines how the proposed action will work. Updated 27 March: Following clarifications from HMRC. Under the...
Government help for Self Employed.
Nigel Holland Announced on 26/3/20 The Government has announced help for self employed. They will receive 80% of the average profits over the last 3 years. SELF-employed workers can get up to 80 per cent of their profits lost because of disruption to their business...
Will your company close?
Nigel Holland
Alternative to Liquidation
Are you affected by shortage of cash?Can you not pay your bills as they fall due?Are you trading as a limited company? You should consider stopping trading and dissolving your business. You are not allowed to trade if your company is Insolvent. Insolvent...