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Coronavirus (COVID-19) update

Newsletter issue - May 2020.

The coronavirus (COVID-19) outbreak has brought an unprecedented array of challenges for businesses and their agents. Information is changing on an almost daily basis, making it difficult to keep up-to-date with business support measures and where to find the necessary guidance.

The first port of call for Covid-19 guidance for employees, employers and businesses is on the gov.uk website at https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19. In particular, this guidance will help employers and businesses in providing advice to their staff on:

  • the Coronavirus Job Retention Scheme;
  • the Self-employment Income Support Scheme;
  • deferring VAT and Self-Assessment payments;
  • statutory sick pay relief package for small and medium-sized enterprises (SMEs);
  • a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England;
  • small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief;
  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000;
  • the Coronavirus Business Interruption Loan Scheme to support long-term viable businesses who may need to respond to cash-flow pressures by seeking additional finance;
  • a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans; and
  • the HMRC Time To Pay Scheme to help with tax.

Financial Support

The Government has launched a new website Coronavirus Financial Support, which has details of various government schemes available UK-wide, including the Coronavirus Business Interruption Loan Scheme, the Coronavirus Job Retention Scheme, the Self-employment Income Support Scheme, the Coronavirus Large Business Interruption Loan Scheme, Covid-19 Corporate Financing Facility, Statutory Sick Pay Rebate, Time to Pay tax from HMRC, and VAT and income tax self-assessment deferral.

Self-employment Income Support Scheme (SEISS)

In summary, SEISS takes the form of a cash grant for use by self-employed individuals or members of a partnership, which will be made in one lump sum, covering three months initially. It will provide a taxable grant, worth 80% of monthly trading profits averaged over the three years 2016 to 2019, or whichever of those years the business traded for, to a maximum of £2,500 per month. Those with 'a trading profit of less than £50,000 in 2018/19 or an average trading profit of less than £50,000 from 2016/17, 2017/18 and 2018/19' and half of whose income in these periods comes from self-employment, are eligible. They must however have filed a 2018/19 tax return showing income from self-employment, by 23 April 2020.

The first payments are expected at the start of June. HMRC will contact those it thinks are eligible on the basis of its own records, to invite applications as soon as the system is up and running.

Coronavirus Job Retention Scheme (JRS)

Broadly, the scheme is available to all UK employers with a PAYE scheme that started on or before 19 March 2020. It covers part of the salary of employees who would otherwise be laid off because of the crisis - known as 'furloughing'.

To access the support, employers have to 'furlough' employees, which means asking them to stop working but retaining them on payroll. This is a formal process with employment law implications and needs to be followed through carefully. Only furloughed employees on the payroll on or before 19 March can be covered. HMRC will pay a grant worth 80% of an employee's usual wages, up to £2,500 a month, and associated employer NICs and minimum automatic enrolment employer pension contributions on the subsidised wage. Note that furloughed employees cannot carry out work for their employer during furlough and there are also rules around volunteer work and training.

HMRC guidance Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme provides an overview for employers, and Check if your employer can use the Coronavirus Job Retention Scheme gives information for employees.

WTC increase

As part of a number of measures to support the country during the coronavirus (COVID-19) pandemic, the Government t has announced that working tax credit (WTC) payments will be increased by £1,045 to £3,040 per year from 6 April 2020 until 5 April 2021. The amount a claimant or household will benefit from will depend on their circumstances, including their level of household income. But the increase could mean up to an extra £20 each week. Further information on the increase, and how to claim, can be found at https://www.gov.uk/government/news/increase-to-working-tax-credits-what-this-means.

Commercial tenants protected from rent arrears

The Government has confirmed that commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction.

Many landlords and tenants are already reaching voluntary arrangements about rental payments, but the Government recognises that businesses are struggling with cashflow due to coronavirus and remain worried about eviction. Measures, included in the emergency Coronavirus Act 2020, mean that no business will be forced out of their premises if they miss a payment in the next three months.

As commercial tenants will still be liable for the rent after this period, the Government is also actively monitoring the impact on commercial landlords' cash flow and continues to be in dialogue with them. Further information on this measure can be found at https://www.gov.uk/government/news/extra-protection-for-businesses-with-ban-on-evictions-for-commercial-tenants-who-miss-rent-payments

Beware of coronavirus scams

Unfortunately, HMRC have reported a significant increase in the number of bogus contact and phishing emails being received by individuals from scammers purporting to be HMRC. A recent scam email advises customers they can claim a 'goodwill payment' if they provide certain personal information. If received, such emails should not be opened and should be deleted straight away. Keep up-to-date with known HMRC scams at https://www.gov.uk/government/publications/phishing-and-bogus-emails-hm-revenue-and-customs-examples. There is also helpful guidance on fraud, tricks and scams available at https://www.gov.uk/government/publications/frauds-tricks-and-scams/fraud-tricks-and-scams

Addlestone Office

Coronavirus (COVID-19) update

Andrew has been working in accountancy practices since leaving school at 16 and has over 30 years of experience dealing with all aspects of small and medium size businesses, personal and corporate tax issues.

He has been a partner since 1995 and has a wide and varied general practice background.

Andrew has extensive knowledge of many areas of business, accountancy and tax and is able to draw on his experience and knowledge to give clients comprehensive advice on a wide range of matters.


Coronavirus (COVID-19) update

Keith joined Turner Hampton in May 2001, as tax partner. He qualified with a medium sized provincial firm in 1994 before moving to the City to join a top six firm where he specialised in multi-national partnership tax.

He has a wealth of experience in dealing with small owner managed businesses through to larger national organisations and those with interests abroad.

Keith, currently oversees the personal tax and corporation tax compliance and planning strategies of taxation for our clients.


Coronavirus (COVID-19) update

Marc joined the accountancy profession in 2006 and trained with a top 50 firm before qualifying in 2010. Marc joined Turner Hampton in the same year because he was excited about the challenge of taking on a more hands-on role with clients.

Marc’s focus is on helping individuals with their businesses – from sole trades to large corporates – and guiding them through the red tape that often comes with accounting. Marc enjoys helping clients spot opportunities that can contribute to their businesses being successful, and assisting them with the real nitty-gritty, without losing the overview. Marc gets the biggest pleasure from his work when he is able to help clients save money or achieve something they may be striving towards.

Outside of work, Marc enjoys watching and playing all sports, listening to music, going to concerts and eating out.


Coronavirus (COVID-19) update

Vaughn is an ACCA & AAT qualified accountant, Vaughn joined CSL in 2016 and believes his 17 years of experience has allowed him to gain a vast knowledge in dealing with all aspects of small businesses, personal tax and corporate tax issues.

Vaughn is a strong believer in building good client relationships. He feels that by understanding the specific needs of each client, he is able to offer more sound and efficient tax advice.

Outside of work Vaughn is a keen sportsman. If he isn’t enjoying time with his family, he can often be found walking many of Surrey’s local golf course fairways or attending sporting events.


Coronavirus (COVID-19) update

Melanie joined CSL Partnership in April 2017 as a senior accountant. She is ACCA qualified with over 10 years experience working within practice. Melanie works with a wide range of clients and provides advice to owner-managed businesses and personal tax clients on accountancy and taxation matters.


Coronavirus (COVID-19) update

Cindy joined CSL Partnership in 2007. She is an ACA qualified accountant with over 20 years of accountancy experience working within both practice and business.


Coronavirus (COVID-19) update

Colin has worked in the accountancy profession for over 35 years during which he has gained a great deal of experience working on a diverse range of small and medium sized businesses along with sole trades and partnerships.

His areas of expertise lay within accounting, auditing, personal and business tax matters.

He is passionate about the role which small and medium sized businesses play in today’s market and how the accountancy profession can best serve their needs.


Coronavirus (COVID-19) update

Carole has been a bookkeeper and payroll clerk for over 25 years and is qualified by experience. She has recently become involved in the process of auto enrolment for pensions. Over the years she has been self-employed but more recently employed in accountancy practices around the area.


Coronavirus (COVID-19) update

Karen joined the practice in early 2019 as our Administrator/Receptionist and brings 15 years previous experience to the role. She ensures the office runs smoothly and efficiently providing back up and resources to the professional staff allowing them to focus on client matters. Karen is a very cheerful individual and always happy to help. In her spare time Karen enjoys spending time with her family.


Coronavirus (COVID-19) update

Martin joined CSL Partnership in November 2019 returning to practice after spending the previous 8 years working in Industry. He is an AAT qualified accountant and has spent over 20 years working in the profession.

Martin works on all manner of clients from sole traders to large limited companies. He is an avid user of new software and technology to improve how he and clients work together and will always look to find a way to make life simpler for the client so they can focus on running the business rather than stressing over the accounts.


Coronavirus (COVID-19) update

Ian joined Turner Hampton in 2016 and has worked in the accountancy profession for over 30 years.


Woking Office

Coronavirus (COVID-19) update

Emma has worked in accountancy practices for over 20 years and qualified as a Chartered Certified Accountant in 2000. She has gained experience in all aspects of the accounting and auditing functions, developing exposure to a broad range of clients.

Emma advises owner-managed businesses and personal tax clients on accountancy and taxation matters. She has a particular expertise on systems review and implementation.

She has worked for CSL Partnership since it formed in 2001, becoming a director in 2005 and now manages the Woking office.


Coronavirus (COVID-19) update

Philip has worked in various accountancy practices since the age of 19 and joined CSL Partnership in 1998 where he qualified in 2008.

He works with individuals, sole traders and limited company businesses to assist them with all their accounting and taxation requirements.


Coronavirus (COVID-19) update

Andy has worked in accountancy since 2010 and joined CSL Partnership in April 2018. He has experience in a wide range of sectors, and has enjoyed working with individuals, sole traders and limited companies of varying sizes and needs. Outside of the office, you’ll find Andy on a hockey pitch or listening to music.


Coronavirus (COVID-19) update

Lesley joined Turner Hampton in 2003, having previously worked both in accounts departments and in practice. She has been running client payrolls since joining the company and has gained many years of experience in payroll. Lesley now processes all aspects of payroll for both Turner Hampton and CSL Partnership clients.


Coronavirus (COVID-19) update

Gail joined the firm in May 2018 and has worked in accountancy practices as a bookkeeper and payroll clerk since 2013. Historically, Gail has been self-employed and worked for companies in the financial and customer service sectors.

She is a full member of AAT. When not working, she enjoys hiking, mountain biking and yoga.


Coronavirus (COVID-19) update

Marrieclaire is a bookkeeper, she processes payroll and maintains the accounting records to prepare VAT Returns and CIS Returns. Marrieclaire is a qualified Chartered Management Accountant with varied industry experience.


Coronavirus (COVID-19) update

Elaine joined in June 2017. Prior to this she worked in a number of different industries including fast moving consumer goods and mechanical & electrical consultants.

She is a fellow member of AAT having completed the qualification in 1997.


Coronavirus (COVID-19) update

Natasha joined CSL Partnership in October 2019, having worked in accountancy since 2017. Natasha has experience completing payrolls, bookkeeping, VAT returns & CIS returns. She is currently a trainee accountant, looking to become qualified in the coming years.


Coronavirus (COVID-19) update

Wendy joined CSL in April 2019 as a Part-Time receptionist and administrator after 25 years working as an office manager in the design world. She is more than happy meeting and greeting clients and working with such a great team of people in the Woking Office. In her spare time Wendy enjoys tennis, yoga and pilates.


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