The Job Retention Scheme has been set up to enable employers to claim for their employees’ wages while they are on temporary leave of absence (furlough) due to the Coronavirus.
At Plus Accounting, we work closely with a number of local professionals, including Barclays Bank and the Eagle Lab, based at Preston Circus.
Having an accurate, rolling cash flow forecast will give owners and directors a better understanding of the overall cash position of a business and will help them make important decisions about the future.
Today’s bulletin picks up on some updates which are peripheral to the main schemes, but which will provide useful clarity for many affected businesses.
There was a lot of attention given to the self-employed support scheme in the media on Friday, which was to be expected after the guidance was issued the evening before, but the main new development has been the issue of further guidance on the Job Retention Scheme.