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Directors and Furlough – update 30.3.20

There is one question we have been asked more than any other by directors since the furloughing guidelines were issued… Can I furlough myself? We would like to share our updated thoughts on this subject and why you don’t have to (completely) make your mind up just yet. Download the PDF with more information below: […]

Coronavirus Job Retention Scheme: Details

The government has published further details of the Coronavirus Job Retention Scheme (otherwise known as the Furlough Scheme). It is unclear whether HMRC intends to rely on this guidance only, or whether there will be actual legislation.  The full guidance is here: You need to read it; this summary is not going to be enough. Here […]

The Coronavirus Business Interruption Loan Scheme (CBILS)

Attached is some general information about the scheme. The advice is to go to approach your own bank initially. My Barclays manager has shared with me  the minimum information that would be required to proceed with a request – see below. Clearly this will require some assistance from us if you wish to proceed with […]

Coronavirus Job retention scheme

If you have employees who would otherwise be laid off during this crisis, you may want to take advantage of the Coronavirus Job retention scheme.  As yet there is no detailed guidance published on this – hopefully it will come out very soon. We have understandably received a large number of enquiries about how this […]

Christmas Parties – top tips

It’s that time of year again, Christmas. Which means the Works Christmas Do. So we thought it would be useful to give you as employers some top tips for the occasion. Top tips for Christmas parties: – Employment law still applies during any events outside of the workplace. This means that a business is still at risk if any incidents do occur […]

Extracting profits – tax-efficiently

When it comes to extracting profit from your company, it is important to consider both the tax and business implications of the various options available. Taking a salary or bonus rather than a divided could reduce the national insurance bill. While a dividend is paid free of national insurance contributions (NICs), a salary or bonus […]

Saving tax before the 5 April year end

Proper financial planning is always important, but as the end of the tax year approaches, now is the time to ensure that your business and personal finances are as tax-efficient as possible. Contact Liric for some of the planning strategies that are available to you before 6 April 2015.