Grant Funding Schemes Available for Small Businesses

Local authorities are now making business rate support grant payments, to help businesses during the coronavirus crisis. The grants are comprised of two schemes: Scheme 1 is the Business Supports Grants Fund, where businesses can apply for up to £10,000. Scheme 2 is the Retail, Hospitality and Leisure Business Grants Fund. This allows funding of up to £10,000 for retail, hospitality and leisure businesses with property of a rateable value… Read Article →

Guidance for Landlords and Tenants During the Coronavirus Crisis

New guidance has been issued by the Ministry for Housing, Communities and Local Government. “Coronavirus (COVID-19) Guidance for Landlords and Tenants” details guidance on notices seeking possession, court action on possession cases and property access and health and safety obligations. Please read through the guide carefully:

Essential Information on the CJRS

The Coronavirus Job Retention Scheme (CJRS) is the government’s policy to help companies and employees during the COVID-19 crisis. Under the scheme the government will cover 80% of worker’s wages up to 2,500 a month. The scheme was launched on the 20th April. All the information about the CJRS can be found at the following link, please read it carefully:

Could There Be a Problem With the Government Loans for Businesses?

The coronavirus crisis has had an unprecedented effect on the UK economy. As a result the government has introduced a swathe of measures to try to stabilize the economy. This includes the Bounce Back Loan Scheme (BBLS) which “enables smaller businesses to access finance more quickly”, through a 100% state-backed loan of up to £50,000. The scheme was launched on the 4th of May and had more than 100,000 applications… Read Article →

Government delay VAT domestic reverse charge procedures for Builders / subcontractors until 2020

Industry representatives have raised concerns that some businesses in the construction sector are not ready to implement the VAT domestic reverse charge for building and construction on 1 October 2019. To help these businesses and give them more time to prepare, the introduction of the reverse charge has been delayed for a period of 12 months until 1 October 2020. This will also avoid the changes coinciding with Brexit. Further… Read Article →

VACANCY – EXPERIENCED PRACTICE ACCOUNTANT

The above position has now become available within our practice. If you have experience as a Practice Accountant and would be interested in applying for this position please send your CV to iane@alexbursk.co.uk

NEW PROCEDURES FOR BUILDERS / SUBCONTRACTORS EFFECTIVE OCTOBER 2019

VAT: NEW ACCOUNTING PROCEDURES FOR BUILDERS / SUBCONTRACTORS You may have read that new procedures are being introduced on 1 October 2019 which will affect any construction business where the contractor and subcontractor are both VAT registered. Under current rules, a builder charges VAT in the usual way. This is changing for supplies of both labour and materials between these businesses. The subcontractor will invoice the contractor without charging VAT…. Read Article →