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COVID-19 Loans and the Banks

The Coronavirus epidemic is a worldwide health emergency and this will ultimately result in economic challenges for many businesses.

Cautionary Advice if Applying for Delay in Filing Accounts

The Government in conjunction with Companies House have announced that the filing deadline for company accounts can be extended with prior agreement by 3 months, but act with caution...

Company reporting considerations for directors

Director responsibilities in relation to going concern

The impact of the Covid-19 outbreak is so pervasive that few businesses will emerge unscathed. As directors, you have a duty to consider the ability of the company to operate as a going concern for a period of at least 12 months from the date of sign off of the financial statements. In reaching this conclusion, you must now consider and disclose the impact of the Coronavirus on the company’s ability to remain in operational existence. This will give rise to the following financial reporting considerations:

Providing First Aid to Businesses

During the COVID-19 outbreak it's likely that the majority of businesses will encounter trading difficulties at some point, and in these instances our advice is to manage cash flow appropriately, deal with potential issues head on, seeking help quickly if you're at all concerned.

We have extensive experience assisting businesses in difficulty, so if you are concerned about any of the following buisness or cash management issues, please get in touch with Rob Adamson who is ready to help.

Budget Measures Announced to Support Businesses

Summary of key things business owners need to know from the Budget on 11 March 2020.

Get ready for changes to tax on residential property sales

Major changes to Capital Gains Tax on the sale of residential properties is coming into force from 6^th April 2020.

Minimising business disruption - surviving the Coronavirus

Key points to help minimise the impact of the Coronavirus on your supply chain

Pension rules relaxed for higher earners

Chancellor Rishi Sunak relaxes rules on how much higher earners can save into their pensions while getting tax relief.

Hospitality Leisure & Tourism Budget 2020 Summary

The Hospitality and Tourism sector continues to be significantly affected by current challenges, read our summary