The Accounts Lab Blog & Podcast
SEISS Application – Coronavirus
- 5th May 2020
- Posted by: Edward Kirkby
- Category: Coronavirus
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From midday on 13th May, eligible self-employed individuals will be able to make a claim under the Self-Employed Income Support Scheme (SEISS). HMRC have a released an online tool to assist in determining whether or not you will be eligible for a grant. To use the eligibility tool, you will need to have your Unique
What is an ‘Undertaking In Difficulty’?
- 30th April 2020
- Posted by: Edward Kirkby
- Category: Coronavirus
An ‘undertaking in difficulty’ was one of the three criteria recently announced as part of the bounce back loan scheme – the initiative to help small and medium-sized businesses to borrow between £2,000 and £50,000 during the coronavirus. So what is an undertaking in difficulty? In general, HMRC will regard any company as being ‘in
Bounce Back Loans – Coronavirus
- 28th April 2020
- Posted by: Edward Kirkby
- Category: Coronavirus
On the 27th April, the government announced a new initiative – Bounce Back Loans, designed to support small businesses by providing fast-track access to finance. Bounce back loans of up to £50,000 will be made available to ensure that the small businesses suffering the most at the hands of the Coronavirus outbreak can secure vital
Coronavirus Future Fund
- 21st April 2020
- Posted by: Edward Kirkby
- Category: Coronavirus
To assist innovative companies that have are facing financial difficulties as a result of the Coronavirus outbreak, the government has announced the Future Fund, a new scheme which will issue convertible loans to such companies. The Future Fund is designed to assist those businesses who are unable to access the Coronavirus Business Interruption Loan Scheme
3 Month Extension to Accounts Filing Deadline – Coronavirus
- 11th April 2020
- Posted by: Edward Kirkby
- Category: Coronavirus
On 25th March, the government and Companies House announced a joint initiative that grants businesses a 3-month extension for the filing of their accounts. This comes as a response to the ongoing Coronavirus pandemic, and the governments wish to provide more than just financial assistance. The aim of the extension to the filing deadline is