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Category: Business Finance

The Three Things You Need to Consider When Thinking About Money

I spend a decent chunk of my time helping people, typically aged 50+ and having built a decent level of wealth, answer one clear question… Have I got enough? Even though individuals come to see us initially because they want to better organise their pensions, or make sure their investments are working as hard as…
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COVID-19 BRIEFING FOR SME’S URGENT FINANCIAL INFORMATION UPDATE

Covering: New Self-Employment Income Support Scheme (New SEISS) Local Council Grants – Rules Relaxed Bounce Back Loan Scheme (BBLS) Reminder New Local Enterprise Partnership (LEP) Grants Now Available New Self-Employment Income Support Scheme (New SEISS) A new, additional grant scheme to help self-employed people opens on Monday 17th August. People can now apply for New…
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Tower Hamlets Business Support Update

The government has delivered an initial package of support for small businesses through the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund for which eligibility was calculated via business rates payments. Recognising that many severely impacted businesses were excluded from these grants, an additional Discretionary Grants Scheme has been launched. This is aimed…
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NEW GOVERNMENT BOUNCE BACK LOAN SCHEME

Many small and micro businesses have had difficulty in accessing the CBILS support, often because lenders were unwilling to take on their 20% risk value (the Government agreed to cover 80% of the risk value) and in consequence have either been offered lower loans than requested – or have had their application rejected entirely. It…
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EXTRA INFORMATION REQUIRED FOR THE ‘FURLOUGH’ SCHEME

We previously advised you what information HMRC will require from you to process your application for financial support under the Coronavirus Job Retention Scheme (CJRS), known as the ‘Furlough’ scheme. Helpful feedback from one of our associated organisations, which has already applied for the CJRS, has revealed that HMRC require some additional information that we…
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BUILDING LEGACIES COVID-19 BRIEFING – 24/04/2020

This Bulletin covers, supplying the NHS and other Government Departments; the new Government Support Finder Portal; new directives/support from the Financial Conduct Authority (FCA) and a Coronavirus Business Interruption Loan Scheme (CBILS) update Supplying the NHS & other Government Departments The Government generally and the NHS specifically are urging all UK companies and organisations that…
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BUILDING LEGACIES COVID-19 BRIEFING – 20/04/2020

As we enter Week 5 of ‘lockdown’, we thought it might be helpful to share some key updates and reminders of the various national and local schemes that are in place, or in preparation, to help businesses and individuals. This Bulletin covers: The Coronavirus Business Interruption Loan Scheme (CBILS) The Coronavirus Job Retention Scheme (CJRS)–…
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BUILDING LEGACIES COVID-19 BRIEFING – 09/04/2020

This Bulletin contains updated information on the Coronavirus Business Interruption Loan Scheme (CBILS), the new assistance package for charities, and new guidance on the repayment of existing loans and credit cards. CBILS In the first instance, we are pleased to tell you that the Treasury has confirmed that Directors’ personal guarantees are no longer required…
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“SELF EMPLOYED” BRIEFING FOR BUILDING LEGACIES CLIENTS

“SELF-EMPLOYED” BRIEFING FOR BUILDING LEGACIES CLIENTS – 27/03/2020

The Chancellor of the Exchequer has announced a package of measures to help the Self-Employed and Freelancers who are not PAYE employees. Added together these groups make up around 5 million people in a total UK workforce of about 28 million. The Chancellor says that his package will assist about 95% of the 5 million.…
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BUILDING LEGACIES COVID-19 BRIEFING – 23/03/2020

The Covid-19 situation in the UK is now extremely serious, and you will no doubt be aware that the Government has made several announcements detailing support packages for individuals and organisations, together with a number of accelerated and somewhat exceptional edicts and advice to help people stay safe and virus-free. This guidance appertaining to these…
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