We are experiencing extraordinary times and as we all work to accommodate the ‘new normal,’ we face new personal and business challenges in the weeks and months ahead together.
How can we help?
With the Government having published its recovery strategy and ‘roadmap’ out of lockdown, many businesses will have begun to think about what a return to the workplace will look like and how they can start to recover from the crisis and, where necessary, rebuild.
Others may find themselves thriving as a result of the changes, adapting their plans accordingly and thinking about the future of their business with a renewed focus.
As the situation develops and we move towards a world post-Coronavirus, the package of measures introduced by the Government to support businesses throughout the pandemic and the official guidance published to date will, of course, continue to be key. Explore our Coronavirus Business Advice Hub for more on the support available to you.
However, we also want you to know that we are here for you, whatever your circumstances. We can offer you practical support, we can help you to identify workable solutions for both the short- and long-term and we can act as an impartial but knowledgeable sounding board as you weigh up your options, helping you to realise your objectives.
It is often said that necessity is the mother of invention and many would-be entrepreneurs will emerge from the Coronavirus with innovative ideas for start-up businesses.
It may be that you have taken a redundancy package and are now ready to strike out alone or the recent pandemic may have resulted in you re-evaluating your life goals, leading to the decision to become your own boss.
Whatever the reason, our team of experts can help you to ensure that you take those first steps with confidence. Get in touch with our team to discuss your circumstances in more detail.
The economic crisis resulting from the Coronavirus outbreak has sent shockwaves through businesses large and small. So, as business owners and directors look toward life after lockdown, it is advisable to take stock and implement a plan to help the business ‘bounce back’. We offer a range of business advisory services, to businesses of all sizes across an array of industry sectors.
- Cashflow management – monitoring and managing your cashflow isn’t only important now – as we navigate through the crisis – but as the cogs begin to turn and some ‘normality’ resumes in a post-Coronavirus world – Managing your cashflow as we move through the crisis | Cloud Accounting and Covid-19; An opportunity to be had
- Taxation – the Government has announced a raft of measures to help businesses with their tax liabilities. Our experts can help you to minimise your tax burden and make good decisions to sustain your business in the long-term – Taxation services | VAT & Income Tax Payment deferral | Pay deferred VAT or join new payment scheme
- Company Acquisitions & Disposals - whilst the full impact of the pandemic is not yet known, we could see acquisitions and disposals become more common. We have years of experience in advising in these instances - Acquisitions & Disposals
- Government funding initiatives - the Government has announced a raft of funding initiatives to help businesses, both large and small – Coronavirus Business Interruption Loan Schemes | Business Bounce Back Loans Scheme | Grant funding key to business survival | FAQ: Securing funds via the BBLS and how to utilise them | COVID-19 Bounce Back Loan repayment period extended | Recovery Loan Scheme and Restart grants available to businesses
- Business plans – a business plan should be a ‘living’ document that you regularly review, and particularly when your circumstances change significantly. We have years of experience when it comes to supporting businesses with the preparation and implementation of effective business plans. The Coronavirus crisis; Reviewing your business plan could aid recovery
- National Lockdown (Nov 2020) - National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update | Government extends Self-Employment Income Support Scheme and Government-backed loans
The self-employed are another demographic that have been significantly impacted by Coronavirus; from tradespeople to online shop owners. Whilst often practiced in being resilient and flexible, the pandemic presents challenges never before experienced. After announcing the Coronavirus Job Retention Scheme (CJRS) to support employees back in March, the Government responded to lobbying on behalf of the self-employed with the announcement of the Self-Employed Income Support Scheme (SEISS) days later. As we navigate through the crisis, this has so far proven to be and will continue to be a lifeline for the millions of those who are eligible to make a claim under the scheme.
Following the easing of the lockdown, as an employer you will undoubtedly have many questions and requests that you will need to deal with, balancing your employee’s demands with the needs of your business.
Payroll services | Coronavirus Job Retention Scheme; What does it mean for employers? | Exiting lockdown: How can employers adapt their workplace? | Coronavirus Job Retention Scheme (CJRS) extended until October | "Covid Secure” practical workplace guidance for employers | Is your payroll capacity under pressure because of Coronavirus? | Furlough scheme to become more flexible from 1 July| Q&A: Getting to grips with the new ‘flexible’ furlough scheme| Government publishes new ‘Covid Secure’ guidance | Job Retention Bonus to incentivise employers | HMRC issue further details of Job Support Scheme | Government issues new guidance on Job Retention Bonus | National Lockdown: CJRS extended and further financial support announced | Chancellor extends CJRS and SEISS
The UK residential property sector has been adversely affected by the ongoing coronavirus pandemic and it is essential that investors and landlords understand their position during the crisis.
In such unprecedented times, the obligations of Trustees are amplified. Many, as a result of the crisis, will need to take steps to safeguard their organisation and to continue to fulfil their charitable objectives, all whilst protecting those individuals associated with the charity.
It’s not just businesses that have been affected by the Coronavirus pandemic, but individuals and families too. When it comes to personal tax planning, our tax advisers adopt a proactive approach to working with you, which means that you’ll always be one step ahead – we’ll keep you informed about changes to legislation and tax policy and we will help you to identify opportunities to minimise your tax bill in compliance with UK tax law.
- Inheritance Tax (IHT) – lockdown has undoubtedly given many of us the opportunity to think more about the future and, in some instances, what we can do to ensure our family are cared for once we are gone. More Wills are being written and reviewed as a result of the Coronavirus, as people take steps to ensure their wishes are met and families supported. When preparing a Will, it is important to consider how Inheritance Tax (IHT) may affect your estate and whether your beneficiaries could be left with a significant tax bill. Inheritance Tax Planning | Could you claim an Inheritance Tax refund in the wake of Coronavirus | 2020/21 Tax Planning Checklist
- Coronavirus support schemes: Key dates to remember
- 24 September: Winter Economy Plan
- Help and support if your business is affected by Coronavirus (COVID-19)
- Covid-19 Secure - Visitor Notice
- SMEs biggest challenges as lockdown eases (UK200 Poll results)
- Coronavirus support for business timeline
- Summary of Government Funding
- 2021 Spring Budget
- SME Outlook Tracker – April 2021 results