Saffery Champness Accountants join in #StepUp Challenge launched by Bournemouth entrepreneurs

Saffery Champness Accountants in Bournemouth has created a team to join in the #StepUp Challenge that was launched by Bournemouth nightclub owners Ty Temel and Benjamin Banks-Reynolds, together with fitness coach Jamie Whisken, aka ReDefine Jamie.

Launched on 1st November, participants have been encouraged to complete one million steps by December 21st, either individually, as a pair or in a team. That’s an average of 20,000 steps a day!

Proceeds will go to Dorset Mind and, in particular, men’s mental health.

The 50-day #StepUp challenge follows in the footsteps of #TheJune500 challenge which was thought up by Ty, Benjamin and Jamie as a way of keeping focused during the lockdown.

It saw a community of almost 200 people each complete 500 kilometres during June with a variety of active pursuits including cycling, running, swimming and more.

Ty, Owner of Halo Bournemouth, said: “We were blown away with the feedback we received from everyone about The June 500 challenge.

“After being inundated with requests for a new challenge we feel the time is right.

“With this challenge, we want to help both ourselves and others to have a focus again during an uncertain time and have an engaged community supporting each other.”

Saffery Director, Hannah Mazrae said , “At Saffery we jumped at the chance to join in the #StepUp Challenge. We have 8 team members who have been super keen to get involved, including Alex Simmons who is averaging an incredible 30,000 steps a day. He gets up at 5.30am, walks for 2 hours and is then back for breakfast with his 7-year-old daughter before she heads to school!

“Our team is due to compete in the ‘Race the Sun Brecon Beacons’ event in March 2021 – which involves cycling, kayaking and hiking.  We saw the #StepUp Challenge as perfect preparation to get fit and focused for this next team challenge.

“The #StepUp Challenge team includes myself, Alex Simmons, Henry Shirley, Collette Parry, Annalise Wareham, Maryna Lobova, Jake Walsh and our PR consultant Kate Shaw from KTPR.

“Our ambition is a team total of 7 million steps in 50 days.  We’d love people to support our fundraising, for such a brilliant and deserving cause. Please visit our JustGiving page here.”

 

About Saffery Champness LLP

Saffery Champness LLP is a firm of chartered accountants that advises individuals and families, not-for-profit organisations and businesses across a range of sectors. As a member of Nexia International, it is part of a worldwide network of independent accounting and consulting firms.

For over 160 years, the firm’s success has been founded upon providing clients with a genuinely partner-led service and working with them to create bespoke solutions that help them to achieve their personal and business objectives. For more information visit www.saffery.com or see Twitter @Safferys

Patron: Further guidance and legislation announced on the Self-Employed Income Support Scheme

The self-employed can make a claim under the third tranche of the Self-Employed Income Support Scheme (SEISS) from 30th November.

As previously announced, self-employed businesses can claim an SEISS grant for the three months to 31st January 2021 for 80% of average business profits with the grant capped at £7,500 in total.

In order to qualify the sole trader or partner must:

  • have traded in both 2018/19 and 2019/20;
  • be trading currently and intend to continue to trade;
  • have had trading demand adversely impacted by COVID or COVID restrictions;
  • have a reasonable belief that trading profits for the trading year will be significantly reduced due to the impact of COVID or COVID restrictions on activity, capacity or demand.

The qualifying criteria have been tightened, and businesses will need to consider them carefully. The main restriction is the claimant must have a reasonable belief that trading profits for the year will be significantly reduced due to the impact of COVID, and they will need to keep records to demonstrate this.

Therefore, before making a claim, businesses need to consider whether the trading profits that they would have achieved in the current period have been adversely impacted by reduced activity due to COVID and that this can be demonstrated.

As with previous tranches, the claim for the grant has to be made by the sole trader or partner and cannot be made by their adviser.

If you would like to discuss whether you qualify for the third tranche of SEISS, please contact your local partner on 0330 088 7111.

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Last updated November 2020

Patron: The Chancellor announces extension of Furlough Scheme – Taylorcocks

Following the announcement of a second national lockdown, Rishi Sunak has extended the Furlough Scheme until 2nd December.

The Government have also announced some further extensions of support, and there may well be more to follow.

The Job Retention Scheme
The Job Retention Scheme (JRS) that was due to end yesterday will be extended until 2nd December, and the Job Support Scheme is delayed until the JRS ends.

The extended scheme is expected to be in-line with the existing JRS, and it will:

-apply to employees on full furlough or working part-time;
– with employees receiving 80% of their normal wages for furloughed hours;
– the Government will pay 80% of the normal wages for the furloughed hours, – capped at £2,500 per month for full furlough;
– the employer will pay National Insurance and pension contributions and meet the costs of hours worked.

At this stage, it is unclear whether or not it will be possible to reverse redundancies implemented in accordance with the original deadline. Further details on this point and more regarding the JRS changes are due to follow in the coming days.

Business Grants
Businesses that are required to shut their premises due to the National or Local Lockdown will qualify for business grants. The grant depends on the rateable value of the property but for premises with a rateable value:

-below £15k the grant is £1,334 per month;
– from £15k to £51k the grant is £2,000 per month; and
– of £51k or over the grant is £3,000 per month.

Mortgage payment holidays
The mortgage payment holiday scheme will not end and borrowers who are adversely affected by COVID and have not yet had a mortgage payment holiday can claim for up to 6 months, and those who have already started a mortgage payment holiday can top this up to 6 months.

The FCA will give more details on Monday.

Self-Employed
Although nothing has been announced for the self-employed, we would expect that the grants under the Self-Employed Income Support Scheme would be increased in line with the extension of the JRS, and await to see an announcement on this.

If you require guidance on any of these changes, please contact your TC adviser on 0330 088 7111 or our HR team at hr@tc-group.com.