CBILs update
Further clarification has now filtered down from the Government and whilst the deadline for final approvals for anybody after a CBILs loan has now been pushed back to 30 November 2020, we are now being told that applications must still be in by 30 September to allow for time for them being approved.
If you are still interested in a CBILs loan and haven’t yet accessed one we subsequently need to act fast and get this sorted within the next few weeks. We are already doing this with a few clients so please get in touch ASAP if you want to take one final closer look.
Again, don’t forget, for those with a CBILs already who want to flip this to a BBL to benefit from the lower rate of interest and who can comfortably survive on the reduced amount of borrowing, should really start taking action this month also.
Employment Support – Government Kickstart Scheme
The Kickstart Scheme provides funding to employers to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
This is part of the government’s Plan for Jobs and aims to create hundreds and thousands of new, fully funded jobs across England, Scotland and Wales. The first placements are likely to be available from November.
Funding will cover for each job placement:
- 100% of the relevant National Minimum Wage for 25 hours a week
- the associated employer National Insurance contributions
- employer minimum automatic enrolment contributions
There will also be extra funding to support young people to build their experience and help them move into sustained employment after they have completed their Kickstart Scheme funded job.
Now for the small print; you must be creating more than 30 jobs in order to apply – not quite the headline of the initial scheme!
We are also led to believe you would have limited control over the people chosen if you were to partner with other organisations.
The link with more detailed guidance can be found here.
Banking partnership
We officially announced our partnership with Starling Bank in our last newsletter and wanted to start by emphasizing just some of the benefits again:
* No monthly account fees
* Speedy set up
* They are taking on new customers today
* 24/7 customer support
* Real-time alerts and categorised transactions
If you are looking to move why not get in touch with us or if you want to apply direct why not click here.
If you are still unsure, why not get in touch and register for our webinar that we are running with Starling on Thursday 24 September at Midday that will last 45 minutes and include an opportunity to ask any questions?
Register your interest by e-mailing enquiries@gtaccountants.com
Service Update
Payroll
Following on from our newsletter of 20 August we have gradually commenced the process of moving across batches of clients to our improved payroll service offering which just to stress is of no additional cost and is still paid through ourself.
We are managing this month by month but the feedback has been great so far and you will be notified in advance but any initial concerns or queries please get in touch.
Price freeze
Again as advised previously, for those who haven’t yet contacted us otherwise, we will be freezing prices until at least 31 March 2021 for the same packages clients are on today.
As mentioned we are having to make two very small changes to our support for those taking advantage that came into play as of 1 September 2020:
- We will be withdrawing our confirmation statement service as it is a simple task that takes no longer than 15 minutes. Instead, you can now do this directly through the Companies House website through this link or alternatively you can use an excellent platform called Inform Direct where there already wizards and guides to walk you through the submission that can be found here.
- We will provide you with the blank templates for the year end paperwork with face to face meetings not likely to be happening any time soon or on a large scale. Please also note for those using Xero there are already some templates built into the software for you such as with respect to dividends and dividend counterfoils.
As emphasized previously, these changes will support us in holding our prices but also allow us to continue to invest in better supporting you as clients in areas of greater value such as the free creditors services offering that this month resulted in a client getting nearly £3k which had previously been considered as written off.
If anybody wants to discuss any of the above though please do get in touch.
Protection Screens
One of our amazing clients has been going up and down the country putting in place protection screens for such a variety of businesses we wanted to today share this for anybody who might be interested.
This has ranged from businesses in the hospitality trade, to large and smaller offices within the public sector.
If this of interest then please call Northern Installer’s on 0191 447 1780 or e-mail them at sales@northerninstallers.com.
