Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
05 November 2020
Self-Employment Income Support Scheme grant extension and increased supportFollowing on from the weekend’s announcements that the Job Retention Scheme would be extended, today the Chancellor announced increased support for the self-employed. Like it’s counterpart for the employed, the previous proposals set out just under a month ago have now been significantly amplified to handle the continual impact that COVID is having on the economy.
05 November 2020
Cheers to gin in 2020!Celebrating the very best of gin distilling across the country, the annual Scottish Gin Awards are nearly upon us. With 194 Scottish gins entered and a judging panel chaired by Johnston Carmichael’s Head of Food & Drink, Adam Hardie, this year’s awards night is to be broadcast live as a virtual event for the first time ever.
04 November 2020
Coronavirus - when can business debt become a personal obligation?Business support packages and tax deferrals schemes have been a lifeline for the majority of businesses during the pandemic, with the Coronavirus Job Retention Scheme being one of the most significant. At last count, on 20 September, HMRC confirmed that 1.2 million employers had made use of the scheme which equated to a claims value of £39 billion.
03 November 2020
Furlough scheme extension – points for employers to consider nowThe Coronavirus Job Retention Scheme (also known as the furlough scheme), has now been extended to at least 3 December 2020. Whilst the Government has stated that additional guidance will be provided shortly, many employers are going to need to take urgent and immediate decisions in relation to their workforces.
02 November 2020
Market Commentary October 2020As the number of coronavirus cases mounted throughout October and fears of a second lockdown increased, the main index came under renewed pressure closing the month down nearly 5%. In terms of performance, this was the worst month for the index of the current crisis since markets fell significantly in March of this year.
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