Lewis Brownlee are here to help support our clients as best we can. We will be doing a weekly webinar to keep you up to date with any changes and provide as much support as we can.
For our First Weekly Roundup, our Managing Director Sarah Alexander discusses relevant deadlines for Furlough, Self-Employed Grants and other local council resources and grants that are available to businesses.
KEY POINTS:
- Everyone should review the Chichester District Council to see if there are any grants you can claim for if your business has been affected by COVID-19: https://chichester.gov.uk/covidbusinesssupport
- The Coronavirus Job Retention Scheme has been extended until 30 April 2021, can claim 80% of salary for hours not worked. Therefore employees can be furloughed part time, but must not do any work whilst on furlough. HMRC will be checking and will impose large penalties for incorrect claims
- No change to the self assessment filing deadline of 31 January 2021, will HMRC go easy on penalties? Don’t take the risk, get your tax return in!
- Apply now via your government gateway account for “time to pay”, for income tax and review your payments on account
- If you are a company and think you might have losses, get your accounts done quickly and get a refund for some or all of last years tax
- Self employed income support scheme deadline for applying for the third grant is 29 January 2021
- Apply via your government gateway account to arrange up to twelve months to repay last years deferred VAT
If you have any questions or would like to discuss any topics further, then please get in touch. You can call us on 01243 782 423, or email LetsTalk@lewisbrownlee.co.uk. Alternatively, head to our website to see our other resources and news updates - www.lewisbrownlee.co.uk