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Or put more simply, how do you furlough your employees?

Several weeks ago, the Government put a scheme into place that effectively pays all employees 80% of their wages up to a cap of £2,500 per month, plus any employer national insurance contributions (NICs) and employer pension contributions where applicable. HMRC are bus...
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Yesterday, the Government finally announced their measures to help self employed people in the form of the Self Employment Income Support Scheme (SEISS). Financial assistance will come in the form of a grant and will pay up to 80% of average declared profit (before taxation)...
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HMRC financial measures and guidance for employees, employers and businesses

At the time of writing, there are already a number of measures in place for many businesses and employees to gain financial support from the government. Below is a quick rundown of those currently available and these will be updated as anything new is added, especially for t...
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Bookkeeping: A regulated profession?

I've had several people ask me if bookkeeping is a regulated profession? The short answer to this question is 'Yes'.But why? I hear you cry.Just think of organised crime as a battlefield, there will be many soldiers waging war against the criminal underbelly. The police and ...
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coronaviruscovid-19governmentHMRCBookkeepingCBILSemployeesemployersgrantsself employedself employmentsmesbanksfinanceloanspayrollroutineSEISSself assessmentaccountancyaccountsaccurate figuresactual cost expense claimAML supervisedanti money launderingauto enrolmentbank reconciliationBBLSbonusbonusesbookkeeperBookkeeping and AMLBookkeeping as a regulated professionBounce Back Loan Schemebuilding societiesbusiness coachbusiness interruptionbusiness loanbusinesseschallenging timeschoiceCJRScommissioncontributionscontrol account usescontrol accountsdeadlineDebits & Creditsdeclared profitdirectordiscretionarydouble entry bookkeepingeligable workeremergency lendingentitled workerestateestate plannerestate planningexerciseexperienceexpertfeesfinefixed term contractfundingfurloughingFuture Fundhealthy lifestyleICBinheritanceinheritance taxinvestmentjob retentionKaren Bradyknowledgelasting power of attorneylendersloanlockdownlonelinessloved oneslow interest ratemental healthmindfulnessmoney launderingMoney Laundering Regulations 2007Money Laundering Regulations 2017new employernon-eligible workernutritionopt-inopt-outoutsourceovertimepanic modepartnershipspenalty noticepension schemesphysical healthportalpriceprice vs valuepricingProceeds of Terrorism Act 2002profitreconciliationregulated professionreliableSerious Organised Crime and Police Act 2005simplified expense claimskillssole traderspanish fluStaging Datestaying activestaying socialstructuresurvival modesuspense accountsuspense account useSwindon Town Football Company LtdtechnologyThe Pensions RegulatorTheo Paphitisthrive modetipstoolkittronctrustunprecedented timesuse of home as officevaluewageswe're all inWhite Collar Crimewillwill writerwill writingwillsworkwork from homeworkieworkoutworkplace pensionworthyou get what you pay for
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