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#9 - Support for Small Business During COVID-19 - 25th March AM Update
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The support available to small businesses and the self-employed amid measures to control the spread of COVID-19 is still lacking, but help is being actively worked on in Westminster, to 'top up' self employed and freelancer income to 80% of the last 3 years net profit, or £2,917, whichever is lower. But the proposal is not finalised into legislation and we are still awaiting to understand if or how this will help limited company owner-directors, or contractors who pay themselves via dividends.
Again, more changes and more support will surely follow, imminently. For now, I outline what help is available and when we'll know more about how and when you can apply for support.
Show notes and links (including our always-up-to-date guidance) and all the other platforms we post on, can be found at https://aegisaccounting.co.uk/blog/podcast-9-support-for-small-business-during-covid-19-25th-march-am-update
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