State support for small businesses on the slide

Government aid for small firms is winding down. Make plans now.

Small businesses and self-employed workers claiming support from the government have some planning to do. The Job Retention Scheme (JRS) and the Self-Employment Income Support Scheme (SEISS) will both now become less generous and will end in October and August respectively.

The JRS allows companies to lay staff off for a period – put them on furlough – but continue paying them by claiming up to 80% of wage costs from the government. This support is available until the end of July,...
source: Money Week

2020-06-06 15:26
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