UPDATE: Furlough Scheme extended to 31st March 2021

UPDATE: Furlough Scheme extended to 31st March 2021 You’ve probably seen that the Chancellor of the Exchequer has extended the Job Retention Scheme until March 2021. For many employers, the extra funding will come as a big relief. But with the rules on furlough changing rapidly, you may need more information on how the extension […]

COVID-19: Directors on PAYE can furlough

HSA Associates is governed by the Institute of Chartered Accountants of England and Wales (ICAEW) and as such we have been waiting for their guidance on the subject of placing director owners on furlough. In summary: Company directors that receive salaries through PAYE can be furloughed and apply for a grant of 80% of their […]

FURLOUGH – WHAT YOU NEED TO DO TO CLAIM THE WAGES GRANT

The government has confirmed further details on the Coronavirus Job Retention Scheme. Below is a summary of the key details,: You need to get agreement from your employees to designate them as furloughed workers and reduce their pay to 80%, capped at £2,500 per month You can designate employees as a furloughed worker if they […]