Daily Archives: May 6, 2020

MSE: Govt small biz bounce back loans usable to SUPPORT YOUR INCOME, incl for those with no other support (eg, new self-employed, ltd co directors)

Since Mon, the new 100% state-backed bounce back loans, for up to £50,000, have been available. They’re interest and payment-free in the first year – so pay it off then and it’s no cost, and at a very low 2.5% annual interest after that. Normally we don’t cover business finance, but I wanted to here, as I’d…

MSE: Self-employment income support payouts COMING FASTER

The Self-Employment Income Support Scheme will pay out 80% of profits, up to £2,500 a month, to those who are eligible. We had been told contact would come mid-May, and payouts June. Yet that’s been accelerated. – Contact from HMRC to start this week by letter, text and email (do be careful if you get one, to…

Self-employed invited to get ready to make their claims for coronavirus (COVID-19) support

HMRC will begin contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS). Published 4 May 2020From:HM Revenue & Customs From today (Monday 4 May), HM Revenue and Customs (HMRC) will begin contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS). Those who are eligible will be able to…