One Abacus – a local firm of accountants – has collated information to help small businesses and freelancers see what measures have been put in place to support them during the coronavirus pandemic and how best to protect themselves or their business in these uncertain times. You can view their blog here.
The information includes:
- Business rates and grants; funding and salaries; job retention scheme; VAT and Income Tax Deferrals
- Statutory Sick Pay for Employees
- SSP Reimbursement for Employers
- Sick Pay for the Self Employed and those Ineligible for SSP
- Support if you are not sick but cannot work due to no customers or working sites being closed
- Business Interruption Loan Scheme
- Support for businesses with paying tax: Time to Pay service
- Postponement of IR35 Private Sector Changes
Abacus’ Ryan Morton says: “As you can appreciate, the situation is very fluid at the moment and some of the detail on these things is still being worked out. If you would like to discuss any of the above measures though please feel free to get in contact and we will do our best to help.”
One Abacus Ltd, Shakespeare Business Centre, Coldharbour Lane SW9 8RR
