Business Support Measures – new web portal and revisions to the scheme

With information from 15 May 2020 States of Guernsey media release New Web Portal The latest business support media release announces that businesses applying for payroll support through the Business Support Scheme will be able to submit their claims through a new web portal. This revised arrangement will make use of a new IT processing system which will enable faster processing and …

Financial support measures expanded to help businesses through coronavirus pandemic

The States of Guernsey have today issued a new media release advising the package of financial support measures, introduced in March, is being expanded to provide greater levels of assistance to businesses. The media release can be found here www.gov.gg/cofundingupdate  The new measures recognise that some businesses are not trading at all, or very little, and are struggling to pay even 20% …

UPDATED INFORMATION REGARDING SELF EMPLOYED BUSINESS SUPPORT

Self-employed sole trader claims won’t need supporting documentation. They will be checked for authenticity by Compliance Dept, Revenue Service. Bear in mind, if the form comes direct from an accountant then they will place reliance on that professional to have made the correct claim. The Revenue Service will very soon be releasing a new FAQ, we will share this as …

Video re Covid Support #NumbersChecklist

Here’s Di with some practical advice around your financials in these crazy times. Where Di refers to fluidly free for 3 months – she means it is free for good, but it is Fluidy Lite which allows you to forecast up to 3 months. There is a premium version if you wish to forecast for longer. Top tip – focus …

Support for your business – Update 5 covering self-employed and FAQs

Clarification for the self-employed and the payroll co-funding scheme The Revenue Service have today, 13th April 2020, responded to our questions and issued clarification around who can claim for payroll co funding. There has been confusion about how individuals classified as self-employed for social insurance purposes (whether self-employed or an owner manager of an incorporated business) can claim business support.  The …

Update #4: Business Support Application Forms – FAQs

1st April 2020 – FAQs on the application forms for Small Business Grants and Payroll Co-Funding. Updated on 13th April 2020 to correct misinformation now clarification received from the Revenue Service. We have shown as strike through where we provided inaccurate advice, based on knowledge available at the time. We recommend you refer to our latest FAQ circulation instead of …

Support for your business – update 3

States-back loan guarantee scheme The States of Guernsey has finalised a loan guarantee scheme to enable further financial support for Bailiwick businesses.  Full details here. The scheme has been finalised today (31.3.2020) and will be launched this week. Businesses that wish to utilise the scheme should talk to their banks directly. The scheme is operated by the clearing banks – Barclays, HSBC, Lloyds …

Support for your business – update 2

Further to my first email / blog where we advised more support measures will be announced soon, the States of Guernsey have now announced a further range of financial assistance and easements aimed at supporting all businesses in the coming months. This range of financial easements are aimed at ensuring that your business is able to retain its staff and as much working …

Covid19 Business Support #1

SUPPORT FOR YOUR BUSINESS (24.3.2020) We are sending regular emails to our clients with guidance, including on support provided from the States of Guernsey. Here we summarise the first of such emails. These are indeed unprecedented and worrying times, for our health and livelihoods. We have spoken to so many businesses over the past few days, and our aim with …