Xaviers
- Feb 8, 2021
- 1 min read

Bounce Back Loans still available but act fast

The Bounce Back Loan Scheme offering up to £50,000 to businesses depending on turnover is open until 31 March 2021.

If you have received a Bounce Back Loan but has not claimed the full 25% of turnover amount, the loan can be topped up but applications must be made by 31 March 2021.

Loans are guaranteed by the government in full and benefit from zero fees and interest for the first 12 months then 2.5% interest thereafter. No repayments fall due within the first 12 months and the six year term can be extended to 10.

One of the quickest ways to apply is via the business’s online banking system.

Recent Posts

See All

HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures

HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving them extra time, if they need it, to complete their 2020 to 2021 ta

Solicitors Regulation Authority (SRA) Accounts Rules Audits

Solicitors are responsible for protecting client money. Solicitors often hold significant cash for clients, for example, house deposits or funds to purchase a business. It is crucial that this money i

Changes to the CJRS from July

In July, the UK Government will pay 70% of employees' usual wages for the hours not worked, up to a cap of £2,187.50. In August and September, this will reduce to 60% of employees’ usual wages up to a