August 2020

Changes to the CJRS from 1 September

From 1 September the Coronavirus Job Retention Scheme (CJRS) will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. Employees will still need to pay furloughed employees at least 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per

Read more

Read more

British workers ‘positive’ about returning to work

Half (49%) of employed British adults feel positive about the prospect of returning to their place of work after lockdown, with less than one in five (18%) feeling negative, an Aviva study has found. The findings paint a relatively positive picture for businesses that have supported their people through lockdown, such as regularly communicating with workers and taking necessary steps

Read more

Read more

Why bookkeepers should see recession as an opportunity

Why bookkeepers should see recession as an opportunity Despite government loans and furlough schemes, the UK has officially entered recession for the first time in 11 years. Between April and June 2020, as coronavirus lockdown measures hit, the economy shrank by 20.4% compared with the first three months of the year. It’s a worrying time for small business owners and

Read more

Read more

Word from Janet Jack, IAB CEO, bringing you news on self-employed support grants

Are you eligible to claim second self-employment support grant? The Coronavirus pandemic has been a difficult time for self-employed people – which includes bookkeepers and, of course, their clients. Throughout it bookkeepers have been able to provide vital support, including advising on how to apply for government Bounce Back Loans, income tax deferrals, rental support and mortgage holidays, as well

Read more

Read more

Friday Roundup Podcast 14th August 2020

The news from the week ending 14th August 2020 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Below are the notes from the podcast On this week’s Friday Roundup we have… Simon Re-cap on the ever-popular coffee morning Discusses what we learnt from our SEO Expert John Hillman Janet Talks about the CPD programme the IAB have

Read more

Read more

Working families affected by Coronavirus given boost

Families who benefit from childcare support have had a promise from the government that they would not lose out due to Covid-19. Working parents or carers who are eligible for Tax-Free Childcare or 30 Hours Free Childcare, but have temporarily fallen below the minimum income requirement as a result of the pandemic, will continue to receive financial support until 31

Read more

Read more

Insolvencies on the rise

Individual insolvencies jumped 12% during Q2 in England and Wales, according to latest statistics from the government’s Insolvency Service. The data shows there were 32,153 individual insolvencies in the three months to June. Individual voluntary arrangements (IVAs) jumped a massive 42% in the same period, to 24,932. However, bankruptcies fell by 40% to 2,415, and debt relief orders also decreased

Read more

Read more

More details of the Job Retention Bonus announced

Further details of how jobs will be protected through the government’s new Job Retention Bonus (JRB) have been unveiled by HMRC. The bonus – announced in July as part of the Plan for Jobs initiative – will see businesses receive a one-off payment of £1,000 for every previously furloughed employee if they are still employed at the end of January

Read more

Read more

More than 1.3 million sick days claimed in July

More than 1.3 million working days have been claimed for in just over one month of the Coronavirus Sick Pay Scheme – yet the vast majority of SMEs are ignorant of the scheme, according to research by UHY Hacker Young. It allows SMEs to claim money from the government for any employee who has taken time off work with coronavirus

Read more

Read more