01224 208729 info@fyfemoirassociates.com First Floor, Arnhall Business Park, 5 Abercrombie Court, Prospect Rd, Westhill AB32 6FE

By

Alan Moir
There has been a further update on Saturday to the guidance surrounding this scheme. Apprentices can be furloughed. They can continue to be trained whilst furloughed. If training then the apprentice must be paid at least the Apprenticeship Minimum Wage/NMW or NLW during the training period. The difference between the 80% of the wage and...
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We received the following advice from our HR expert and thought it would be good to share with you. Employers need to: Decide which employees to designate as furloughed employees.  If 20 or more are affected at one establishment collective consultation may be required. Notify those employees of the intended change and commencement date. Agree...
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Local Authorities have now set up a very simple and straightforward application process, allowing business to tap into  Business Support Fund of either £10 000 or £25 000 depends on the criteria. The aim of this intervention tool is to help to ease off the strains COVID 19 have caused on your Cash Flow over...
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The following is the current information we have  hopefully much more detail will follow from the Government Coronavirus Job Retention Scheme Employers may claim a grant of up to 80% of salaries of employees who have been laid off during this crisis. This is subject to a cap of £2,500 per month. Employers must designate...
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We attach a link to Government guidance to payroll support, etc. We hope to distil it further as hopefully there is going to be more guidance later today. https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses Stay safe. 23 March 2020”
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For modern times we are in unprecedented waters. No-one knows just exactly what we are all in for over the next few months. However, we do have financial information we can impart, which we highlight below. Fyfe Moir & Associates will be operational, irrespective of lockdowns, office closures or anything else which may be ahead...
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Who would have thought at the beginning of this New Year a virus and a dispute between two authoritarian countries over oil could bring the World economy into sharp focus? Coronavirus, there’s an addition to the dictionary, has struck. We are not at all medical and cannot comment on its medical effect, but it has...
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Loan Charges The following is an extract taken from a letter received by a client and which will relate to many contractors who were involved in what is commonly called “Loan Charges”. There are no details which can identify our client and the client is happy for us to reproduce this information.   Changes to...
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There have been a number of changes to the tax rules applying to residential property in recent years. The first significant “attack” on residential landlord’s in recent times was the restriction on tax relief for those Landlord’s who had borrowings relating to their residential property business. This affects only individuals and partners, not limited liability...
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There are exemptions for some trivial benefits given to an employee and to a limited extent a director of a close company. A trivial benefit is one that: Costs £50 or less (including VAT); If it is a voucher, it cannot be convertible into cash; Isn’t a reward for service or in any way contractual;...
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About Us

At Fyfe Moir & Associates we work with forward thinking business owners to solve common business problems.

We are dedicated to providing a timely, proactive and cost effective service, delivered by a highly motivated and dedicated team.