Time to reflect and plan ahead
As we emerge slowly from lockdown, now is a good time to take stock of things and look ahead to how we can run our businesses with the “New Normal” environment we may face.
What is currently clear, is that some form of social distancing will remain, and many businesses are adopting new ways of working within the rules. The Government has published guidance to assist employers: https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19
Please keep reviewing these guidelines as they change regularly. Also ensure that if you are opening you have performed the risk assessment and have it displayed to provide confidence to your employees and visitors.
Government supports continue. The Job Retention scheme has been extended until October, although we are not yet sure what percentage of support the Government will provide post July. there has been an indication that more flexibility will be introduced from August.
Self-employed income support grants are open for applicants on-line and we have no confirmation yet as to whether the Government will extend the scheme. If and when they do, we will provide you with further information.
The online service you will use to reclaim Statutory Sick Pay (SSP) will be available from 26 May 2020. See: https://www.gov.uk/guidance/claim-back-statutory-sick-pay-paid-to-employees-due-to-coronavirus-covid-19
You can find out what Government supports are available here: https://www.gov.uk/business-coronavirus-support-finder
We have been helping many clients with bank loans and VAT deferral so please contact us about the loans available if you have not already done so.
The reality of the situation is that not all businesses are going to survive. If your customers are in isolation and cannot get to you or you cannot deliver or they cannot pay you, there is the reality of reduced or no sales for the next few months and even beyond if the virus remains.
It is worth remembering that the situation we face is one we cannot change. What you can do is stay healthy and ensure your loved ones are too. After all, if the business closes and you are healthy you can start again. The reverse is not true.
Many businesses are re-purposing or pivoting their operations and are adapting to the new ways of doing things. We are helping them with digital bookkeeping and forecasting with “What if” scenarios so they can look at all angles of their businesses.
So, here is what you need to do right now:
Above all stay strong! Remember your health and welfare is more important than anything else just now. We will help you every step of the way. Together we will get through this!