What practical help do you expect from your accountants? We are told that up to 40% of businesses have not heard from their accountant during the Covid-19 outbreak. At a time when we are more needed than ever, we find that astonishing and it’s certainly not true of...
Who checks whether HMRC is right about your eligiblity for SEISS and the amount of your payment? If you are self-employed and have submitted your 2018/19 tax return, HMRC will determine if you are eligible to receive a payment under the Self Employment Income Support...
No charity remains unaffected by the crisis, and in all cases building financial resilience in the charity is key. Government support In previous posts, we talked about the support available to charities, but to recap charities can use the Coronavirus Job Retention...
Cash is king. Nothing new in that. But right now, managing cashflow is crucial to most SMEs. Here’s what we think you need to do to manage cashflow: CUT ANY NON-ESSENTIAL EXPENDITURE IMMEDIATELY Current spending should be limited to the essentials. Preserve your...
In his Budget speech yesterday, Philip Hammond described his Budget as one for hard working families; for strivers, grafters and carers. On several occasions he repeated the phrase “austerity is coming to an end” (not “at an end” as the PM had said), before announcing...
For various reasons a business or a charity may need to assure interested third parties, its own management or shareholders/stakeholders that its financial statements are a true representation of its financial position. There are several ways that this assurance may...
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