Chancellor Rishi Sunak’s Summer Economic Statement – Summary

  Chancellor Rishi Sunak delivered his Summer Economic Update speech to the House of Commons today, Wednesday 8th July 2020. The key aspect of his speech was to “Protect, Support and Create” jobs.  The main points discussed in his second stage …

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Covid-19 General Update

Updated 10th July 2020 1. Defer your Self Assessment Payment on Account You have the option to defer your second payment on account if you are: registered in the UK for Self Assessment and finding it difficult to make your …

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Abac is Re-opening and is Ready for Business!

  We are pleased to announce our office is re-opening on Monday 20th July 2020. Due to the on-going Covid-19 pandemic we have implemented a number of social distancing measures to ensure we keep our team and clients as safe …

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Timetable for changes to Coronavirus Job Retention Scheme

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Self-Employment Income Support Scheme 2nd Claim – Update

As we advised on 1 June the Self-Employment Income Support Scheme is being extended but more details have now been released and there is an unwelcome element therein. In order to claim for the second and final grant your business …

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Furlough Scheme Update

  Changes to CJRS from 1 July 2020 * The Coronavirus Job Retention Scheme will close on 31 October 2020. * From 1 July, employers can bring furloughed employees back to work for any amount of time and any shift …

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Self-Employment Income Support Scheme Update

On the 29th May, the Chancellor, Rishi Sunak, announced more details about the extension of the Self-Employment Income Support Scheme, which are outlined below. Eligible self-employed people will be able to claim a second and final SEISS grant in August; …

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Coronavirus Job Retention Scheme Update

On the 29th May, the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and these are outlined these below. 1. From 1 July 2020, the scheme will be made more flexible to …

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NI Micro-business Hardship Fund

  The NI Executive has released a new NI Micro-business Hardship Fund to help the Northern Ireland based micro-businesses and social enterprises who were unable to claim any other COVID-19 support measures released over the past few weeks.   Applications …

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Holidays when on Furlough

Just to clarify the current position regarding holidays whilst employees are on furlough leave: • Holiday leave is still accrued whilst employees are on furlough • Employees can take holidays whilst on furlough and under the Working Time Regulations, employees …

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