APSCo responds to latest furlough scheme announcement

(2 minutes to read)

APSCo: ‘Initiatives like the Job Retention Scheme have helped to protect employees throughout Covid-19. crisis. However, many employees face unemployment due to the impact of the lockdown and the longer lasting effects of Covid-19 on many sectors of the economy’.

Last week, the government made the announcement that the furlough scheme will be closed to new entrants from 10th June and employers will only be asked to pay a modest amount for the remainder of the scheme.

The Association of Professional Staffing Companies (APSCo) has responded to this latest development.

Samantha Hurley, Operations Director at APSCo, said “When we wrote to the Chancellor earlier this month, we asked for a managed withdrawal from the furlough scheme in order to get the UK economy back to work. The fact that the scheme has been tapered down to allow workers back part time while still retaining their full time pay is a welcome move and is in line with our recommendations.

“This gives firms the flexibility they require to gradually bring furloughed employees back to work on a part time basis, with the percentage of salary funded by Government tapered down to address any increase in working hours. The fact that this is optional and employers will be able to leave employees on furlough if they choose until the end of October contributing 10% and 20% of furlough pay respectively is also welcome.”

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Commenting on planning for the recovery, Hurley added, “Initiatives like the Job Retention Scheme have helped to protect employees throughout Covid-19. crisis. However, many employees face unemployment due to the impact of the lockdown and the longer lasting effects of Covid-19 on many sectors of the economy.

“A highly trained workforce will help support the economic recovery and so what we now need is for the Government to invest in reskilling opportunities both at a national and regional level to help businesses fill vacancies and reduce unemployment. This should include broadening how Apprenticeship Levy funds can be used. We would also urge Government to support the economic recovery by, where possible, continuing those spending initiatives outlined in the 2020 Budget. This will support jobs and economic growth and get Britain back to work.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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