COVID-19: Company directors & shareholders. Many small companies are run by just one or two directors and have no other employees. What government financial support is available to directors/shareholders during the Coronavirus crisis?


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Comments (45)

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I have set up an agency business in March .But due to Covid , there have not been much demand. Is there any support that is available to get the business start up if it does pick up again .please advise. Thank you.

Guest
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Hi,
I was to start a new job at the beginning of March, it was to be a self employment or as a company. However this offer was put on hold due to COVID19 outbreak.

I have my own company but it was dormant since I continued working as an...

Hi,
I was to start a new job at the beginning of March, it was to be a self employment or as a company. However this offer was put on hold due to COVID19 outbreak.

I have my own company but it was dormant since I continued working as an employee.
Could you please advice what I could do in this situation?

I can claim Universal Credit but I do not want to as was never unemployed.
I was thinking about fourloughing myself as a Director and issue backdate salary as this is what I am doing living from my savings.
What about the future as the lockdown is easing however the job doesn't seem to come back.
I also have received other offers in writing, all of them put on hold.

Would appreciate the advice.

Thank you.

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Guest
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My wife runs a small business with a friend who is a shareholder and the only one on PAYE.

They have had to be furloughed as there is simply no work but I have been working for free for this company for months and wondered if I can carry out...

My wife runs a small business with a friend who is a shareholder and the only one on PAYE.

They have had to be furloughed as there is simply no work but I have been working for free for this company for months and wondered if I can carry out advertising and product development for the company still to try and keep it alive with new revenue streams. I have no other job, don't take a salary and don't claim benefits.

Would appreciate advice here.

Thanks

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Guest
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Hi my husband and I have been self employed since June 2019, therefore havenot submitted accounts, what help other than UC is there. This seems very unfair

Guest
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I’m a furloughed director of my own limited company and my work in television has stopped, however I’ve got an enquiry about work for 1 day in June, can I do that job separate for my company and declare it or could I do the job as an independent...

I’m a furloughed director of my own limited company and my work in television has stopped, however I’ve got an enquiry about work for 1 day in June, can I do that job separate for my company and declare it or could I do the job as an independent from my company? I just want to get a sense of normality back into my life so I’d hate to turn the work down. Thank you.

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Guest
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For directors of a limited companies (taking a small salary/additional dividends) with work directly affected by Covid — is it possible to adjust previously reported salary to HMRC to make furlough worthwhile?

For example, changing past years...

For directors of a limited companies (taking a small salary/additional dividends) with work directly affected by Covid — is it possible to adjust previously reported salary to HMRC to make furlough worthwhile?

For example, changing past years monthly earnings to £3125/mo.

Kindest

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Guest
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Hi,
I am a limited company working as sole trader, always worked, had an accident in November ,I was hospitalised, I had treatment up untill March 10th ,but now that treatment is complete and am ready to return to freelance work, can’t...

Hi,
I am a limited company working as sole trader, always worked, had an accident in November ,I was hospitalised, I had treatment up untill March 10th ,but now that treatment is complete and am ready to return to freelance work, can’t because Covid, where do I go from here

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Guest
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Hi,

I am a sole Director for a small courier company and I pay myself dividends only every month.

I am not on PAYE and I can’t find any information regarding people in this situation. Can I claim anything at all?

Guest
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Hi we a husband & wife director s in car sale no work since 25 March as we where not making a profit in 2018/19 From July 2019 did not pay PAYE can we get any help ?

Guest
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I have the same query as Guest.
I am a director of my limited company. Was in between contracts when at the outbreak of Covid and the announcement of the JRS and was still paying myself a monthly salary via PAYE from my Business account.
Do I...

I have the same query as Guest.
I am a director of my limited company. Was in between contracts when at the outbreak of Covid and the announcement of the JRS and was still paying myself a monthly salary via PAYE from my Business account.
Do I qualify for the the 80% PAYE ? Where could I find the relevant information.
Thank you and regards

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Guest
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See the comments below.
You can claim what you are entitled to and that will very much depend on the nature of your business and it may be a decision based on your morals if you are just using furloughing as an excuse for a paid holiday.
Some...

See the comments below.
You can claim what you are entitled to and that will very much depend on the nature of your business and it may be a decision based on your morals if you are just using furloughing as an excuse for a paid holiday.
Some people may be determined to claim as much as possible and don't give a fig, conversely, many more and often business owners particularly are affected by the lockdown but are not claiming as they still have ongoing work that they can do and they have money in the bank.

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