We are amid potentially the most uncertain economic times, especially for those who own a small business and employ staff. We will continue to keep our clients and the wider business community as up to date as we can on published guidance and coronavirus business support available to you.
HMRC has launched a helpline for those concerned with how they will meet their HMRC liabilities due to the impact of coronavirus and the details of this can be found on the link below. It may be prudent to speak to HMRC about any potential cashflow concerns and making arrangements with managing payments to ease cashflow when your business may be experiencing a downturn in trade:
HMRC have also published a document outlining the various support initiatives for small businesses and employers that have been introduced as part of the budget and targeted to helping SME’s through the Coronavirus pandemic. This document can be found on the link below:
We will provide further information once available to us and we ask our clients to get in touch with any concerns they have throughout this difficult time