George Hay Chartered Accountants, with offices in Bedfordshire, Cambridgeshire and Hertfordshire, are not just supporting those businesses and individuals who are facing difficulty as a result of the Coronavirus crisis, but those who are thriving too.

With the Government having published its recovery strategy and ‘roadmap’ out of lockdown, many businesses will already be navigating a ‘new normal’ and wondering about what challenges lie ahead in the coming weeks and months.

Richard Dilley, Partner at George Hay, says: “Whilst for some a reduced workload and financial strain will be a barrier to rapid recovery, for others scaling up or employing more staff in response to increased demand for their goods or services could be on the cards.

“A concentration on rebuilding and recovering on the other side of the crisis will be the reality for thousands of business owners, but there are thousands more for whom new opportunities will arise.

“For these business owners, there is no better time to revisit plans and, where necessary, make changes to ensure they are fit for purpose.

“Businesses on both sides of the fence need support, which is what we as chartered accountants and business advisers are here to provide and why we’ve established a hub on our website dedicated to insights that business-owner’s might find useful at this time.”

Looking beyond Coronavirus, the local chartered accountants warn that the Government’s package of measures to support businesses during the pandemic will continue to be just as important as they were months ago.

In particular, many millions of employers will continue to benefit from the Coronavirus Job Retention Scheme (CJRS) until the end of October, albeit in a slightly different format, and millions of eligible self-employed individuals will benefit from a second round of grant funding under the Self-Employed Income Support Scheme (SEISS).

Commenting on this, Partner Colin Airey says: “The financial support available from the Government will undoubtedly continue to be a lifeline for lots businesses, even as we begin to emerge from lockdown.

“That being said, the financials are only one piece of the puzzle which is why we place so much importance on our advisory approach to working with businesses.

“Considered, practical and professional advice can help business-owners, managers and directors to step back and evaluate the bigger picture and, ultimately, to make informed decisions for the better of their organisation in the long-term.”

From cashflow management and payroll, to business acquisition or disposal, and from tax planning to year end accounts, George Hay have experts on hand to support you, now and beyond the current crisis.

To find out more about how our tax and accounting professionals in Bedfordshire, Hertfordshire and Cambridgeshire can help you, contact us today.

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