Coronavirus:

Support and Advice for Businesses & Individuals

We are continuing to monitor closely the developing Coronavirus (COVID-19) situation. Our priority is to ensure the health, safety and wellbeing of our employees, clients and other business contacts, as well as continuing to deliver our services.

As of 25th March 2020, our offices will be closed to visitors and all our staff will be working remotely. You can continue to contact us using our main office numbers and email addresses and we can set up telephone or video appointments in place of face to face meetings.

We are following the latest advice from the UK and Scottish Governments and are providing our teams with regular support and guidance.

Ask a question

If there is a topic you want further information on, get in touch to ask us a question and we’ll aim to answer it in a blog post or guide to help you, and others, during this difficult time.

Guidance for Clients - Helpful Links

We’ve put together a short article which includes some guidance and useful links in areas such as business aid, difficulty paying tax and employment-related issues.

Coronavirus Job Retention Scheme - FAQs

On Friday 29 May 2020, the Chancellor provided an update on the future of the Coronavirus Job Retention Scheme. We have summarised the key elements of the Chancellor’s announcement in this article.

Self-Employed Income Support Scheme - Important Updates

HMRC have updated the guidance on the self-employed income support scheme and have added a tool to allow you or your agent to check if you are eligible.

Help & Support

Help for the Self-Employed

We’ve highlighted some of the measures that have been announced to help the self-employed through the COVID-19 crisis.

Help for Limited Companies

We have outlined some of the support that is available for Limited Companies, such as the Coronavirus Job Retention Scheme.

Help for Charities & NFPs

We have explained some of the current support and funding options that are available for Charities & Not-for-Profits.

Cash Management

Businesses are facing uncertain times and the government has responded by announcing a series of welcome support measures. However, businesses cannot simply rely on government support and must be pro-active in navigating their way through the current situation.

The Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) was announced by the Chancellor in the budget and has been extended since to provide greater support to business during these difficult times.

Coronavirus Business Support Fund

Last week, Fiona Hyslop, The Cabinet Secretary for Economy in Scotland, announced actions being taken by the Scottish Government to support businesses. We’ve summarised these support packages in this article.

Bounce Back Loan Scheme

On 27 April 2020, the Chancellor of the Exchequer, Rishi Sunak MP, announced a new coronavirus loan scheme – Bounce Back Loans. The Chancellor has said that for this scheme, the Government will support lending by guaranteeing 100% of the loan.

Deferring VAT & Tax Payments

The VAT deferral will apply from 20 March 2020 until 30 June 2020. This is an automatic deferral with no applications required. For Income Tax Self-Assessment, payments on account which are due on the 31 July 2020 will be deferred until the 31 January 2021.

Importing & Duty Deferment Payment Method

Import VAT and Duty is not covered by the automatic VAT deferral announced by HMRC. In an unprecedented move, HMRC will consider time to pay under its COVID-19 arrangements for importers holding a Duty Deferment account.

Previous Webinars

Play Video

A guide to cashflow management & update on Coronavirus Job Retention Scheme

Recorded 16 April 2020

Play Video

Coronavirus Job Retention Scheme – Impact on Payroll

Recorded 9 April 2020

Extension of Filing Company Accounts

In response to the Coronavirus, the Government have announced that the filing deadline for company accounts can be extended with prior agreement by 3 months.

Payroll Guidance

This guidance has been prepared to help reduce the impact that may be caused by your current payroll process being disrupted. We’ve highlighted the common areas of concern in clients’ payroll processes and the actions that can be taken to help mitigate them.

Unlocking Cashflow through Proactive VAT Management

Effectively managing cashflow has scarcely been more important to businesses across the UK than in the current COVID-19 pandemic. It is important to optimise your cashflow position as much as possible and take advantage of VAT reliefs that are available. 

Liquidity Support for SME Housebuilders

A £100 million emergency loan fund has been created to support small and medium-sized (SME) housebuilders with liquidity issues due to the temporary closure of housebuilding sites.

The Private Rent Sector Landlord COVID-19 Loan Scheme

The Private Rent Sector Landlord COVID-19 Loan Scheme opened for applications on 5 May. This is a loan scheme provided by the Scottish Government to those with rental properties in Scotland.

Outsourcing services: Business finance support

MHA Henderson Loggie can provide temporary support to relieve pressure during the COVID-19 pandemic and deliver finance functions which may have previously been done in-house or with another adviser.

Year-End Stocktakes

The preparation of year-end accounts will not be high on many people’s list of things to worry about at the moment; but considering some things now, before the year-end, may prove to be invaluable in the future when drawing up your year-end financial statements.

Inheritance Tax Relief for NHS & Frontline Staff

Many have called for tax relief in recognition of the exceptional work being done by NHS staff and frontline workers. What is not widely know is that there already is a relief for inheritance tax (IHT) that can apply.

IR35 Delayed

It has now been confirmed that the new “off-payroll” (IR35) rules have been delayed until 6 April 2021, as part of the package of measures to help businesses deal with COVID-19.

Business Interruption Claims

Many businesses have business interruption insurance. Whether or not they will pay out for interruptions as a result of COVID-19 is not clear.

Flowchart: What financial support is there for me and my business?

We have prepared a flowchart to show you the different financial support options that are available to you and your business, during the COVID-19 crisis.

Managing & Coaching Teams Remotely

Managing a team remotely is a new challenge for many of us. In this guide, we take a look at the importance of team morale during this difficult time, and how you can continue to coach your team using software like Microsoft Teams & Zoom.

Working from Home Tips

Working from home is something many of us aren’t used to. It can be pretty difficult to stick to a routine as there are so many more distractions at home. However, there are ways to still be focused and productive. Here are our top tips.

Ask a question

If there is a topic you want further information on, get in touch to ask us a question and we’ll aim to answer it in a blog post or guide to help you, and others, during this difficult time.