Update -5 September 2020



I have taken a break for a couple of weeks on the newsletter as there has not been much happening to report and I have taken a few days off.


There is still not a lot of new announcements as the Government tries to get things working more normally now.


For the CJRS we have entered a new month and as previously advised employers will still have to pay 80% of normal wages to staff even though the grant they can claim from the Government is reduced to 70 of gross salary only.


Maybe now is time to look at your business and your staffing needs. If you project that you will have significant spare capacity with the current staffing levels then it could be time to start looking at redundancies. However, remember that it can cost up to 30% of an annual salary to recruit new staff so if you do think that your business will return to its previous level then maybe keeping staff on furlough is a more cost effective alternative.


I have recently come across an online pre-qualifying recruitment tool where potential candidates applying for a position would be asked to answer a series of pre-recorded questions using their webcam on their own time. Once complete the potential employer could view the responses and select those candidates they want to interview personally. It is a flexible tool that can save hours in candidate screening. www.sparkhire.com


There is a potential conflict for smaller businesses where Employer's NI has been claimed through the CJRS scheme but the total Employer's NI for the year is projected to be below the £4,000 allowance that can be claimed. The ICAEW has previously advised claiming the employer's NI though the CJRS scheme which is what we have done for those payrolls we prepare. HMRC has been asked to clarify how the potential double relief for Employer's NI will be dealt with but to date there has been no response. Read the ICAEW article for more details.




The Department of Work and Pensions (DWP) has launched the Kickstart Scheme, designed to create new 6-month job placements for those aged 16-24 who are currently on Universal Credit and at risk of long-term unemployment.


Employers will receive funding for 100% of the relevant National Minimum Wage for 25 hours a week, plus associated employer National Insurance contributions and employer minimum auto-enrolment pension contributions.


There will also be extra funding to support young people to build their experience and help them move into sustained employment after they have completed their Kickstart funded job.


As an employer you can apply online. However, you can only apply directly if you have 30 or more job placements.


If you are applying for less than 30 job placements, you must apply through a representative of a group of employers. They can submit an application on your behalf, using other employers to create 30 or more job placements in one application. Look out for local schemes if you have less than 30 places.


You can download the brochure directly from the HMRC web site



Overpaid CJRS claims


If you have prepared your own CJRS claims and think you have over claimed then there are mechanisms for repaying the amount overclaimed. You can make a deduction from the next claim or contact HMRC if you are not making any further claims.


There are deadlines for making the repayment of 90 days from the date of receipt of the grant with a final backstop date of 20 October 2020. Notifications or discovery of overclaims after these dates can lead to penalties.


If you are not sure if you have overclaimed we can look at the amounts you have claimed and advise you if you need to make a repayment. We can also guide you through the repayment process.





2 new great FREE offerings for clients if they use online bookkeeping.


Fluidly lite - 90-day cashflow forecasting updated in real-time and fully automated. It shows what's going on in your business on a day-to-day basis, from the cash going into the cash going out, and everything in between. If you are interested in a demonstration please let me know.


We have held our first online demonstration of the product which went very well. Our client thought ha tit was a great tool that could help him when looking at scenario planning for taking on more staff or purchasing a piece of equipment.


Reducer - Analyses your accounting data to find out where you can reduce your business costs. If you decide to switch suppliers Reducer will work with you directly to complete the process. Your own procurement professionals but not costing you a penny! E-mails about the scheme have been sent out. If you want to join then please get in contact.


We are very excited to be offering you the opportunity to use these pieces of software for free. However, both software offers only work with online bookkeeping systems so if you are not using Xero or Quick Books now is a good time to look at changing. Contact Simon for more details.



The team at Stewart & Partners is working from home during the crisis although we do very occasionally visit the office if needed. All post is being forwarded onto us from the office.


Don’t forget to access our dedicated Covid 19 hub for all new announcements and far more detailed information.



Planning for Upcoming Payments


With all of the deferred payments and new loans sometimes it is possible to lose track of where you are with what you owe and when payments are due.


We have put together a simple spreadsheet to help you record the upcoming payments over the next 18 months. This will remind you when payments are due or when they should start. This spreadsheet is available for you to download directly.


Once you have prepared it you may be able to highlight where there are likely to be times of cash shortages in the future. Forewarned is forearmed.


If after you have prepared the spreadsheet you think you will need a more formal cashflow we can assist you with this. A cashflow showing how cash shortages will be manged could help you raise additional short term funding from banks or other financial institutions.



Self Employed Income Support Scheme (SEISS)


Don’t forget to make the second claim for the Self Employed Income Support Scheme. The period for making claims opens on 17 August and the final date for making the claim is 19 October 2020.


To see if you are eligible to claim and for details of how the scheme works check out this helpsheet.


The claims must be made by you, we cannot do this on your behalf.


If you need support from us to hand hold you through the application process please contact me. There will be a fee for sitting with you online to go through the process.





The CJRS continues in September but with changes to the amounts that can be claimed.


From 1 September the government will pay 70% of wages up to a cap of £2,187.50 per employee but employers will be required to pay 80% of the normal salary together with the related ER NICs and pension contributions.


For all payrolls where we deal with the CJRS claims these claims will be submitted as near to 30 September as we can.


CJRS – Paperwork


As previously advised all supporting paperwork relating to furlough must be kept until at least October 2025 in case HMRC wishes to review it.


Bounce Back loans


A list of banks currently offering the BB loans is available on the British Business Bank web site.


Applications for BB loans can be made up to 4 November 2020.




The Coronavirus Business Interruption Loan Scheme (CBILS) is still running for loans above £50,000. A Business can only have either a BB loan or a CBILS loan but not both. If you need a loan over £50,000 CBILS is the way to go.


If you already have a BB loan and need more funds you can apply for a CBILS loan as long as the new loan is used, in part, to repay the BB loan.


Again, planning for the repayment for the loan is essential and we can help with preparing cashflows and budgets if needed.


Applications for CBILS can be made up to 23 September 2020.



Accounting for grants and loans


If you need help with your bookkeeping for the various loans and grants please contact us for advice on how to record these.





Here are a few links which may be of help:


Coronavirus support for business from outside government - List of public bodies, organisations and charities that have produced additional resources that may be useful to employers and employees.  


Stewart & Partners outgoings timeline spreadsheet – a spreadsheet to record upcoming payments


Government 10 guides to working safely during CV19


Stewart & Partners UK Covid 19 business guidance and resources - http://clientresources.co.uk/ - a 3rd party web site with good advice and resources that Stewart & Partners link to.


Hertfordshire Growth Hub - www.hertsgrowthhub.com – support for existing businesses.


Enterprise Nation - www.enterprisenation.com – Small business support, free to join.


HMRC Skills toolkit - theskillstoolkit.campaign.gov.uk/ - free online courses to learn new digital and numeracy skills.


CIPD – CV19 Returning to the workplace - https://www.cipd.co.uk/knowledge/fundamentals/emp-law/employees/workplace-guide-returning-after-coronavirus - How to plan a return to work.


CJRS: Step by step guide for employers


How to set up a direct debit for VAT returns - https://www.gov.uk/government/publications/vat-instruction-to-your-bank-or-building-society-to-pay-by-direct-debit-vatc9


Zoom tips for home working https://blog.zoom.us/working-from-home-tips-to-meet-like-a-pro/?utm_source=website&utm_medium=postattendee&utm_campaign=WFHQ1FY21&zcid=3710


How to change your zoom background -  https://www.loom.com/share/269c91301db747c18eed82cdc2f615bd


Online Client meeting


We continue to hold weekly online meetings that all clients are entitled to attend. The meetings are a drop in opportunity for clients to come online and ask any questions they may have. If there are any updates on the current situation these will also be discussed.


There is no obligation to attend but you may hear something you would otherwise have missed. You may also receive support or ideas from other clients.


The next meeting will be next Wednesday morning. Details as follows:


Date and Time:  Wednesday 9 September 2020, 11.00 am


Meeting URL: https://us02web.zoom.us/j/83879726978  


Meeting ID: 838 7972 6978


Invites will also be sent out separately.



Contact us


We are now on WhatsApp and happy to talk to you via this method. We have created groups for Covid19 support where I am posting updates in the group that will eventually appear in this newsletter. If you wish to join the group or for any other communication please contact us. WhatsApp connection through 07738242299 or Stewart & Partners


The best way to contact us is by e-mail but I am accepting calls on 07738 242299. The office phone is not being monitored so any messages left will not be dealt with.


Share this e-mail


This e-mail is written for clients but if you know of anyone who would benefit from receiving it then please pass it onto them with my compliments.




Feedback from clients is important. It would help me to know that this weekly e-mail is being appreciated.


Also if you have any queries join us for the meeting on Wednesday.




We are still looking for referrals from you. If you know anyone requires support or help then please ask them to get in touch.



Don’t forget we put out at least one and on some days two articles on social media. Follow us on:


Twitter: @StewartPtnrs

Facebook: https://www.facebook.com/Stewart-Partners-780549322295593/ 

LinkedIn: linkedin.com/in/simonalever and also   www.linkedin.com/company/stewart-partners-chartered-accountants



This e-mail is written by Stewart & Partners for our clients and direct contacts but we are happy for you to pass it onto any of your contacts. The information is based upon our understanding of the current situation but we can accept no responsibility for any action or inaction in respect of the content.



Kinetic Business Centre, Theobald Street
Elstree, Herts, WD6 4PJ
Contact Us: mail@stewartpartners.co.uk | Call: 07738 242299


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