COVID-19 Financial Support Update
with Andrew James from The Catering Accounting Company
Andrew James from The Catering Accounting Company joined us in the studio on Tuesday 17th November to talk you through all of the latest financial support measures put in place for businesses in light of the current lockdown.
01:40 – Can you explain what the local restriction grants are, who is eligible and how to apply
03:40 – What are the additional restrictions grants?
06:55 – The furlough scheme has been extended again at 80% until March, what does this mean?
15:16 – The Self Employed Income Support Scheme has been increased now, does this provide more help for the self employed?
22:50 – The Bounce Back loans have been extended too, does that mean you can apply for a loan now?
31:05 – How does the VAT deferral payment periods help businesses?
35:06 – How does this work? Possible relief from corporation tax losses
35:23 – Extension to mortgage payment holidays, how do you go about this and does it affect your credit rating?
39:05 – What would you advise businesses to be doing at this time to plan for the new year?
45:43 – If we go back to a tiered structure when England comes out of lockdown, can you get a grant and is this the same as the local restrictions grants?