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If you’re one of the many thousands of limited company contractors who have made use of the coronavirus job retention (CJRS) while you’ve been unable to work due to the coronavirus outbreak, you’ll need to know about some upcoming changes. In this article we’re concentrating on the changes that take effect in July. More changes have been announced for August, September and October.
If you’ve been on furlough since the UK locked down in response to the Coronavirus, it’s a pretty safe bet that you’re eager to get back to work. Since the Government advised that anyone who cannot work from home should return to work, we’ve seen more and more contractors coming off furlough as their clients’ sites open up again. This if obviously what everyone wants to happen, but there are some issues to consider as you return.
The Coronavirus Job Retention Scheme (CJRS) has been running for some weeks now, and the Government has announced some staged changes to the scheme which will take place over the next few months as they look the end the scheme by the end of October 2020.
The recruitment industry has been hit very hard by the coronavirus outbreak, and even though the rate of infection is falling and lockdown is being eased, it’s still really challenging out there. In fact, many experts believe we can expect life to change in many ways for some time, even once the UK is officially “back to work”. In this article we’ll look at some of the challenges facing recruiters in the world of Covid 19, and ask what, if anything, you can do about them.
Cash-flow planning has moved to the top of the agenda for many limited company contractors in the last few months. It’s not necessarily about an immediate need for cash, but about protecting your business from future stress. For example, you may have deferred tax liabilities that you need to plan for, or you may just want to prepare for further periods of lockdown. Whatever the reason, cash flow planning is an important tool for limited company directors who want to take control and mitigate possible future risks.
