Coronavirus Business Support Summary | MJH Accountants Preston
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Coronavirus Business Support Summary

11/01/21

Support for businesses

Coronavirus Job Retention Scheme

Employers who have asked employees to stop working or work reduced hours due to the pandemic can put your employees on ‘furlough’. The furlough scheme is designed to support employers to pay staff wages for the hours they are unable to work due to Covid-19.

The government will pay 80% of employees’ usual wages for hours they do not work, up to a maximum of £2,500 per month.

The scheme is currently open until 30 April 2021.

You must submit your claim by:

  • 14 January 2021, for eligible employees on furlough in December 2020
  • 15 February 2021, for eligible employees on furlough in January 2021
  • 15 March 2021, for eligible employees on furlough in February 2021
  • 14 April 2021, for eligible employees on furlough in March 2021
  • 14 May 2021, for eligible employees on furlough in April 2021

Statutory Sick Pay rebate

You can reclaim Statutory Sick Pay that you’ve paid to employees who are off sick, self-isolating or shielding because of coronavirus. This scheme will cover up to 2 weeks of SSP for every eligible employee. You’re eligible if your business is: I’m on SICK LEAVE based in the UK and your business had fewer than 250 employees since 28 February 2020

Support to create job placements: Kick-start Scheme

The Kick-start Scheme gives you financial support to create new 6-month job placements for young people who are currently receiving Universal Credit and are at risk of long-term unemployment. The scheme is open to all organisations. It pays: 100% of the relevant National Minimum Wage for 25 hours a week employer National Insurance minimum automatic pension enrolment contributions £1,500 per job placement for setup costs, support and training/

Book a No-obligation Call or Meeting

Book a call or meeting discuss your needs, we’ll discuss your business in detail and how we plan to make you more successful as well as provide a detailed proposal of our services. At MJH Accountants, we take the time to understand your goals and objectives and work with you to achieve these with our tailored approach.

Book a Call or Meeting

Call us on:

01772 721704