Updated 18 March 2020 There are a number of practical steps that SMEs can take to mitigate the impact that the spread of the disease could have on market demand: Look for alternative ways to deliver services and/or products: Consider alternative sources of supply, ensuring you don’t put your eggs in one basket, either within one company or one geographic region. Ensure you ha ...

Updated 18 March 2020 The Chancellor confirmed the amendment previously announced by the Prime Minister on 4 March 2020 (www.gov.uk/government/news/sick-pay-from-day-one-for-those-affected-by-coronavirus), that the requirement for three waiting days is to be suspended allowing SSP to be paid from the first day of absence as an emergency measure following the outbreak of corona ...

Updated 18 March 2020 Coronavirus business interruption loan scheme up to £2m per loan. To abolish business rates for retail businesses for this year and extend scheme to leisure businesses not currently covered. Long term review of rates in autumn budget. £3,000 cash grant for small businesses who already get rates' relief. £5bn emergency response fund on top of other plan ...

Updated 18 March 2020 The spread of the Coronavirus (COVID-19) continuing to dominate the news, with major implications for public health and the NHS. It is also causing economic disruption and we want to reassure you we have put in place sensible measures to ensure that Ward Williams is well prepared and well positioned to continue to provide our services. So, we'd like to e ...

With the end of the tax year looming there is still time to save tax for 2019/20. Make full use of your ISA allowance - ISAs can offer a useful tax free way to save, whether this is for your children's future, a first home or another purpose. Individuals may invest up to a limit of £20,000 for the 2019/20 tax year. Savers have until 5 April 2020 to make their 2019/20 ISA inv ...

The Prime Minister, Boris Johnson, has announced that employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating rather than having to wait until day four under the SSP waiting days rules. The change will be included in a package of measures, to be introduced by emergency legislation, to deal with coronavirus. Updating Parliament on the Government ...

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations. The costs are tax deductible generally where the individual must have membership to do their job or it is helpful for their work. Where the fees are paid by the individual's employer this will not generally result in a benefit in kind ch ...

The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks' statutory leave. Under the new entitlement working parents who lose a child under the age of 18 will get two weeks' statutory leave and where they meet the necessary conditions a legal right to two weeks' paid bereavement leave. Business Secretary Andrea Leadsom, stated: ' ...

The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020. However the UK is now in the transition or implementation period during which time it is 'business as usual' as the UK is covered by EU rules until the end of the year. By 2021 the UK aims to have agreed a deal on future arrangements with the EU and the rest of t ...

The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare. The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges. According to the FCA, seven out of ten overdraft users will be better ...