COVID-19: SKP Accountancy

March 17, 2020

Our team members are all working from home since Boris Johnsons reccomendation after his COBRA meeting yesterday. Business for SKP Accountancy continues as normall as all our very capable staff are dedicated to helping our clients, and new client through these trying times.

We would liek to assure you that all members of staff are contactable by email and we have the office phones diverted to our mobiles.

The government have set out a package of £12 billion to support public services, individuals and businesses from the disruption which will be caused by COVID-19.

Statutory Sick Pay (SSP) will now be available for individuals who are self-isolating due to Government advice. In addition SSP will be available from day 1 rather than day 4 for affected individuals.

In light of this the government have brought in measures to support small and medium sized businesses by allowing them to reclaim SSP due to absence from COVID-19. This will cover up to two weeks SSP paid for businesses with less than 250 employees as of 28 February 2020.

The government are increasing the Business Rates retail discount to 100{313dee2018f35f0a3a377a90934e007b81b3284b1ab9a8b0a7359faf03fb9dcf} for one year and expand to the leisure and hospitality sectors, the discount for pubs will be increased to £5,000.

An additional £2.2 billion is being provided to support small business who pay little or no Business Rates due to Small Business Rate Relief (SBRR), this will provide a grant of £3,000 to 700,000 small businesses eligible for SBBR.

All businesses may be eligible for support for assistance with their tax affairs through the governments Time to Pay service which will be assessed on a case by case basis.

A new COVID-19 helpline has been set up with 2,000 experienced call handlers available to support when needed. We have extensive experience of dealing with HMRC, please contact us for assistance.

Temporarily a Coronavirus Business Interruption Loan Scheme will be launched to help businesses access bank loans and overdrafts, the government will be supporting this by providing a guarantee of 80{313dee2018f35f0a3a377a90934e007b81b3284b1ab9a8b0a7359faf03fb9dcf} on each loan to give lenders confidence in continuing to support SME’s.

Please contact us is you have any queries regarding funding requirements, please contact
Call us: 02084681049

Rest assured, here at SKP accounting we are always on hand to assist you with regular accounts and queries or anything related to the coronavirus measures the Government and banking systems have implemented to help out countries companies and workers.

Stay safe and lets work together to make sure your business has all the help and guidance it needs.

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