Coronavirus Job Retention Scheme – A little bit of detail

We’re being asked the same questions by several of our clients regarding the amounts of pay they can claim using the Coronavirus Job Retention Scheme. Here’s a little detail for you: Full time and part time employees For full time and part time salaried employees, the employee’s actual salary before tax, as of 28 February should be used to calculate the 80%. Fees, commission and bonuses should not be included. Employees whose pay varies If the employee has been employed (or engaged by an employment business) for a full twelve months prior to the claim, you can claim for the higher of either: the same month’s earning from the previous year average monthly earnings from the 2019-20 tax year If the employee has been employed for less than a year, you can claim for an average of their monthly earnings since they started work. If the employee only started in February 2020, use a pro-rata for their earnings so far to claim. Once you’ve worked out how much of an employee’s salary you can claim for, you must then work out the amount of Employer National Insurance Contributions and minimum automatic enrolment employer pension contributions you are entitled to claim. This information has been taken from the government guidance which you can read more about here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme As always, we’re still here and we’ll do our best to help you through this difficult...

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Covid-19 – Small Business Grant

The application forms for the small business grant are now available online for: Wakefield Council: https://www.wakefield.gov.uk/business/business-rates/reliefs/small-business-grant Leeds Council: https://forms.leeds.gov.uk/SmallBusinessGrants/ Kirklees Council advise they will write to every qualifying business, any queries can be directed to: business.rates@kirklees.gov.uk Bradford Council also advise that there is no need to apply, they will also write to the qualifying businesses. Sadly, it now looks as though businesses which are not ratepayers in the Business Rates system are not included in this scheme.  ...

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Covid-19 – Wakefield Council Cash Grant Info

I have had a very constructive conversation with the Wakefield Council business engagement team: They have released the below regarding claiming the business grant. They have also said that if you are unsure whether or not you qualify, please email info@wakefieldfirst.com So if you rent commercial premises but think the landlord gets the rates bill this would a good example, it’s better that they have your details than not. They may be able to support you when they get clarity from the government. “Applying for a Covid-19 cash grant Wakefield Council are working hard to introduce an online application process for the Covid-19 business grants. If you believe you meet the below eligibility criteria to apply for one of the business grants, then please email us on info@wakefieldfirst.com with the name of your business, your name and your email address and we will send out the relevant e-form as soon as it’s available. Eligibility Criteria: Businesses that pay little or no business rates are eligible for a one-off grant of £10,000 if: your business is based in England you are a small business and already receive SBBR and/or RRR you are a business that occupies property Businesses in retail, hospitality and leisure sectors are eligible for a grant of up £25,000 per property.  For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000. Businesses in these sectors with a rateable value of between £15,000 and £51,000, will receive a grant of £25,000. You are eligible for this grant if: your business is based in England your business is in the retail, hospitality and/or leisure sector Properties that will benefit from the relief will be occupied hereditaments that are wholly or mainly being used: as shops, restaurants, cafes, drinking establishments, cinemas and live music venues for assembly and leisure as hotels, guest and boarding premises and self-catering accommodation”...

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COVID-19 Government Support Measures

Covid-19 Courtley West Update The government have released a new page with further detail for the support being made available to business. This includes details of: Coronavirus Business Interruption Loan Scheme Business Rates Holiday for Retail, Hospitality and Leisure Cash Grant for Retail, Hospitality and Leisure Coronavirus Job Retention Scheme (The portal is not open yet.) Small Business Grant Funding Statutory Sick Pay Rebate Time to Pay Covid-19 Corporate Financing Facility Business Rates Holiday for Nurseries VAT Deferral Income Tax Deferral for the Self-Employed You can read more here: https://www.businesssupport.gov.uk/coronavirus-business-support/ In addition, if you can’t file your company accounts on time due to the Coronavirus, you may be granted an extension. More details and how to apply can be found here: https://www.gov.uk/government/news/coronavirus-if-your-company-cannot-file-accounts-with-companies-house-on-time  ...

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COVID-19 Courtley West Bulletin

COVID-19 We’re in this together and we’re here to support you through this crisis. We’d like to reassure you that we have taken steps to ensure we can operate through this difficult time. Our IT infrastructure is setup so we can work from anywhere with an internet connection, you can still call us and email us. We are geared up for video conferencing which we can host, to ensure our relationship with you is barely affected. The only change at our end that you will see is that we’re not offering ‘in person’ meetings at this time and that if you would like to drop records off at the office please ensure this is agreed in advance. There is no clear timescale for when this disruption will end, so we all need to adapt and work through this together. The government has released a series of unprecedented measures to support business. You can read more about these here: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief package for SMEs a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000 the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans the HMRC Time To Pay Scheme If you are an employee, you can read more here: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees This is a difficult time for everyone, we are here with you and you can trust us to do our very best to support you through these unprecedented circumstances.  ...

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