Some UpToDate on news on recovery loan scheme and other provisions, more detailed information can be found on our website www.shaikhandcoaccountants.com
Please contact us if you want to talk about how these updates affect your business. We are here to support you through these tough times.
Recovery Loan Scheme launches today
The Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021. Loans will include 80% government guarantee and interest rate cap.
With non-essential retail and outdoor hospitality reopening next week, Ministers have ensured that appropriate support is still available to businesses to protect jobs. From today, businesses – ranging from coffee shops and restaurants to hairdressers and gyms – and can access loans varying in size from £25,000, up to a maximum of £10 million. Invoice and asset finance is available from £1,000.
Coronavirus Job Retention Scheme – Update
The Coronavirus Job Retention Scheme has been extended until 30 September 2021.
Claims for furlough days in March 2021 must be made by 14 April 2021.
NHS Test and Trace in the workplace
Employers must take steps to keep workers and visitors safe. By following the COVID secure guidelines, employers can reduce the risk of co-workers having to self-isolate if a member of staff tests positive for COVID-19, or is identified as having had close contact with someone who has tested positive.
Working from home, where possible, is essential to limiting mixing between households. People should work from home unless it is not reasonable to do so. If necessary, workers can travel for work purposes and stay away from home.
It is vital that employers play their part by:
- supporting staff to work from home
- making workplaces as safe as possible (if working from home is not possible)
- not knowingly allow workers who are required to self-isolate to attend the workplace
- encouraging employees to download and use the NHS COVID-19 app
Employers must continue to ensure the health, safety and welfare of their employees and other people in the workplace. This includes, but is not limited to workers, agency workers, contractors, volunteers, customers, suppliers and other visitors.