Tuesday, 21st April 2020
The seriousness of a pandemic. COVID-19 is affecting all UK businesses and comes on the back of serious flooding already causing disruption to many throughout the UK.
The recent Spring Budget was dominated by COVID-19 and the help and financial assistance being offered by the Government has been extended further with financial updates and likely more to come with daily updates from the Government.
As one of the richest economies in the world, Britain is home to hundreds of thousands of businesses, who are now having to undertake considered measures to help minimise the financial impact.
How can Onyx help?
We are working to keep up to date with the latest Government advice and economic support measures. As advice is received we are distilling it and communicating this to our clients as well as publishing on our website and social media channels so as best to support the wider business community.
Key areas we are supporting our current and new clients:
- Providing accurate up to date accounts and management information (MI) so that business owners understand clearly their current financial position.
- Working with clients to identify areas where cost control measures can be undertaken and best maintain business operations as normal or if a business has to temporarily scale back how to do so while maintaining a viable trading position.
- Preparing to support with applications for Government measures being provided to support UK businesses. This includes monitoring all latest announcements and ensuring financial records are available to support applications.
- Supporting clients in requesting HMRC support through Time to Pay
- While already offering cost effective fees we also provide clients with ability to pay fees monthly, spreading the fixed cost and reducing initial cash impact of new clients switching to us
At a time of uncertainty it is paramount that businesses make considered decisions based on accurate and up to date financial information. This is where the support and trust in your accountant is paramount. Choosing and working with an accountant focused on this will reduce the strain felt by businesses nationally.
GET IN TOUCH WITH ONYX
If you have any queries, or want to discuss further, please give us a call us or e-mail us at enquiries@onyxaccountants.co.uk for a FREE no obligation consultation.
Got any questions or queries? Our friendly team are happy to help. Just drop us a line! Call us on 0121 753 5522 or 01902 759 800.
