Written 25 March 2020   COMPANIES TO RECEIVE 3-MONTH EXTENSION PERIOD TO FILE ACCOUNTS DURING COVID-19 From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts. This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus. As…

Q: What support has the UK government announced for employers / employees? On Friday 20 March 2020, the UK government announced a range of measures to help employers and employees as a result of the COVID-19 pandemic and its effect on normal working practices. The aim of the measures is to deal with the expected…

Written 23 March 2020 PLEASE NOTE: THIS NEEDS CONFIRMING WITH LAWYERS AND / OR HR SPECIALISTS AND THE DRAFT LETTER TO EMPLOYEES IS AN EXAMPLE ONLY AND SHOULD NOT BE RELIED UPON IN PRACTICE. Shaikh & Co  will obtain advice – this make take a few days. Be warned use at your peril until we…

Not all businesses are going to survive the next three months. If your customers are in isolation and cannot get to you or you cannot deliver or they cannot pay you, there is the reality of reduced or no sales for the next three or so months and even beyond if the virus remains. The…

#1 GOVERNMENT SUPPORT FOR BUSINESSES On Friday 20th the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. The package of measures to support businesses includes: Coronavirus Job Retention Scheme Deferring VAT and Income Tax payments A Statutory Sick Pay relief package…

Government Advice The public is essentially being asked to reduce social contact, with the strongest warnings for the most vulnerable. Those who show symptoms, and those they live with, are being asked not to leave their homes. Anyone with a fever or persistent cough should stay at home for seven days if they live alone…

Below are some key Government websites where you can access the latest information: Government action plan: https://www.gov.uk/government/publications/coronavirus-action-plan Guidance on social distancing and stay at home: https://www.gov.uk/government/topical-events/coronavirus-covid-19-uk-government-response   Travel advice: https://www.gov.uk/guidance/travel-advice-novel-coronavirus   Support for businesses: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses   Tax helpline to support businesses who are concerned about paying their taxes: https://www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19   Guide for employees, employers and…

Due to the ongoing Government advice and the ever-changing situation in the country, we have taken the decision that from Wednesday 25th March Shaikh & Co will work remotely. This is not a decision that we have taken lightly but we are mindful of the need to manage the health of our Staff whilst maintaining our…

When a spouse who has had a  pension scheme and dies before reaching  the age of 75,  the choices for receiving  tax-free funds by the surviving spouse needs to be considered properly and in its entirety. Both Inheritance Tax and Income tax needs to be looked in the context of the surviving spouse’s own circumstances…

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