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Coronavirus: Curveballs, Advice And Help For Businesses

And how Essendon Accounts is prepared ...

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POSTED BY ROGER EDDOWES ON 16/03/2020 @ 8:00AM

Life regularly throws us a curveball, and by Jove, the UK is having a few this year; Brexit, floods and The Covid-19 Coronavirus, it’s certainly been a bit turbulent recently, to say the least ...

When it comes to information on Coronavirus, I prefer to listen to professionals!

When it comes to information on Coronavirus, I prefer to listen to professionals!

copyright: 18percentgrey / 123rf

Everyone is being affected, but we will overcome the problems. The landscape may change, we may feel battered and bruised, but I encourage everyone to look outside the window (especially those in quarantine).

"The country has left winter behind it!"

The trees and hedgerows are bursting into leaf, the birds are singing and the frogs are getting up to all manner of unmentionables in the ponds. This phrase that I read in the Saturday paper sums it up well: "there is always hope in the ancient rhythms of the world that keeps turning".

There seems to be a lot of hysteria about Coronavirus and I'm reading contrasting information on the internet and social media. So, how do you know what you are reading is right? My advice is to stick to trustworthy, known sources such as the Government's own site, the NHS’s site or that of the Federation of Small Business (“FSB”):

We had the budget last week and Rishi Sunak included the following to help businesses:

  • Refunds for businesses and employers required to access Statutory Sick Pay (SSP)

  • A 100 per cent Business Rates retail discount for one year and expanded to include leisure and hospitality sectors

  • Additional £2.2 billion funding support for those small businesses that pay little or no Business Rates because of Small Business Rate Relief (SBBR)

  • A new temporary Coronavirus Business Interruption Loan Scheme

  • All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service

Essendon Accounts is well prepared! We've had a business continuity plan in place for a while now and know that our IT systems are hugely resilient and allow our team to work from home securely if needs be.

We've added extra regular cleaning of our offices if clients want to come and visit us, and of course, we're always available to speak to our clients out of hours. In fact, I had conversations with some over the weekend so we always try to make it as easy as possible for them whenever they need to interact with us.

And I just want to add as a final note that if a member of the team tests positive for Coronavirus, we will endeavour to contact everyone that that person was in close contact with within the last 7 days.

Until next time ...

ROGER EDDOWES
Business Godparent

Would you like to know more?

If you'd like to talk to me about how you or your business may be affected by Coronavirus, call me on 01908 774320, leave a comment below or click here to ping over an email and let's see how I can help you.

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About Roger Eddowes ...

 

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.