As part of their coronavirus support strategy, the government has introduced bounce-back loans for small and medium-sized businesses. Formally known as The Bounce Back Loan Scheme (BBLS), our limited company clients could be able to borrow between £2,000 and up to 25% of their turnover. The maximum amount available as part of the BBLS is £50,000. However, should you require…
Starting this week, Churchill Knight Umbrella will start processing furlough pay for our eligible clients on 80% of total earnings (up to £2,500.00 per month) with first payments due to begin this week.
There is inaccurate information being shared on Social Media about the furloughing of umbrella employees
Churchill Knight is aware that there is a lot of open discussions about umbrella companies and the furloughing of their clients on social media. We are pleased that that concerned parties are looking for answers on social media – as this is precisely what it is there for. However, we’re worried that several groups are claiming to have umbrella employees…
What financial support is available to small businesses and the self-employed during the COVID-19 pandemic?
The government has created numerous support packages to help small businesses and contractors during the coronavirus pandemic. This includes the Coronavirus Job Retention Scheme and a similar scheme designed exclusively for the self-employed. This blog will summarise what support is available to small business owners, contractors and freelancers.
As things stand, Churchill Knight Umbrella is still unable to offer furloughed leave to our umbrella clients. At such an unprecedented time, we understand that our clients need financial support more than ever before. This is why we are urging the government to provide much-needed clarification on how umbrella companies process Holiday Pay and the Apprenticeship Levy.