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26 Mar 2020

The deadline for filing all accounts will be extended by three months for businesses that have been affected by Covid-19

25 Mar 2020

To help owners of non-domestic properties, including businesses, deal with the impact of COVID-19, the Scottish Government has made changes to non-domestic rates (business rates) for 2020-21.

24 Mar 2020

Steve Bee, head of Mailshot Money, has offered bike shops access to email services amid COVID-19 difficulties.

24 Mar 2020

The ACT has made the following recommendations for mobile mechanics staying open

24 Mar 2020

Tthe latest information on how employers can access the Job Retention Scheme (JRS) to continue paying 80% of the salary for employees that would otherwise have been laid off or made...

24 Mar 2020 | 1 comment

Bicycle shops are considered an exception to the measures and can remain open for business

24 Mar 2020

ActSmart are providing regular updates on the Coronavirus. The following information has been published as of today's date.

23 Mar 2020

In light of the current difficulties and the drive for employees to workfrom home, Butterworth Spengler have compiled the following general information to be considered

23 Mar 2020

Both training providers in the UK, Activate Cycle Academy and PJCS, have decided to stop delivering Cytech courses for the forseeable future amid concerns surrounding the COVID-19 pandemic.

20 Mar 2020

ActSmart are providing regular news updates on the latest information and advice tailored for retail businesses.

Government Announces Three Month Extension for Businesses to File Accounts

Posted on in Business News , Cycles News

The Department for Business, Energy and Industrial Strategy announced Retail yesterday morning (25th March) that the deadline for filing all accounts will be extended by three months for businesses that have been affected by Covid-19. Under normal circumstances, companies that file accounts late are issued with an automatic penalty.

As part of the measures, while companies will still have to apply for the three month extension to be granted, those citing issues around Covid-19 will be automatically and immediately granted an extension.

Business Secretary Alok Sharma said: "We have outlined a business support package on an unprecedented scale, backing companies and their employees through these challenging times. But it is important that our support is not limited to financial assistance. We are determined to help businesses in any way we can, so that they can focus all their efforts on dealing with the impact of Coronavirus, and this new offer of a three month extension for filing accounts is part of that."

The extension on filing accounts builds on the existing measures that Government have announced to support businesses. A full list of these is available here.

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