On Monday 27 April, the Government announced a new set of loans aimed at small businesses, worth up to £50,000 or 25% of turnover. The loans are 100% state-backed (ie, funded by the taxpayer), and can be used for cash flow issues. No fees or interest is charged in the first 12 months, while the…
Now the employees’ furlough scheme is open, I’ve had many questions about the Self-Employed Income Supportscheme timings. With it, rather than applying, you’re contacted if you’re eligible. To manage your expectations, I asked HMRC, and it’s confirmed you should expect contact mid-May (it’s not yet decided whether by letter, online or a combination, I’ll let you…
1) Working from home? Claim tax back on additional home expenses. If your employer requires you to work from home, and that means you’ve had increased costs, eg, heating & electricity, you’re entitled to claim something back for them. Clearly, right now millions are required to work from home, but in practice, apportioning the cost is tough, so instead you can…
MSENews MoneySavingExpert.com News 2020 March Employment & Self-Employment Coronavirus Help Employment & Self-Employment Coronavirus Help Your rights as an employee, self-employed etc, incl who can be furloughed Naomi Schraer, News Reporter | Edited by Johanna Noble, Associate Editor 30 March 2020 | Updated 7 April 2020 Facebook Twitter Print Mailme The coronavirus pandemic has fundamentally changed the…
You can’t get statutory sick pay if you’re self-employed. But if you have to take time off work because you’re sick or self-isolating – or if you’ve lost all your income due to coronavirus – you might be entitled to claim benefits. Plus further help has been announced in the form of the new Self Employed…