This morning the Chancellor announced a billion-pound rescue package for startups struggling to cope amid the coronavirus pandemic. This news will be welcomed by innovative, high-growth businesses across the UK. The UK government said that £750m of support for R&D intensive small and medium-size companies will be available through Innovate UK’s grants and loan scheme. […]
Business Bitesize: Business Prosperity In Chaos
Support for contractors and consultants
The Chancellor announced on Thursday 26 March 2020 the hotly anticipated grant scheme available to the self-employed and members of partnerships that will lose income due to coronavirus. Broadly the Self-employment Income Support Scheme (SEISS) will allow self-employed taxpayers to claim a taxable grant worth 80% of trading profits up to a maximum of £2,500 […]
Should you furlough workers or not?
Our guide to your options regarding the Coronavirus Job Retention Scheme that allows you to claim a grant for 80% of a PAYE employee’s salary (capped at £2,500) so you can continue to pay them rather than making them redundant. Furlough (noun) a temporary leave of absence granted to a worker.Also: to furlough (verb); furloughs; furloughed; […]
Business Emergency Action Plan
What you need to do if you anticipate a severe downturn in your business revenues. Easy to follow steps with guidance. Stay healthy, follow the Government guidelines for you, your family, co-workers, employees and community. Work from home where you can manage administration. Work out your expenses (including salaries) for the next three months. If […]
Tap into our network of recommended professionals
In these times of uncertainty, there may be services you require that you had previously not considered. Advice you may have seen as “important but not urgent” may now come to the fore in the current crisis. We have a curated list of key support services that we believe you may need. This list covers […]
Immediate Plan of Action on Coronavirus
How can we help you? In such a rapidly changing and demanding economic situation, you’re probably asking yourself what your immediate next steps should be. Based on our experience and Government statements, we will help you to find and understand guidance: the key Government websites where you can access the latest information. the package of […]
Business checklist: Tough Times
If you are worrying about the future of your business, help is at hand. Don’t bury your head, use this simple checklist to identify next steps. Download as a PDF to print or share Review your Budgets and set realistic and achievable targets for 2020. Get rid of Won’t pay customers. Review debtors list and […]
Video – Seasonal Cashflow are your business finances prepared?
Neil Driver shares his advice in the lead up to the holidays. Is your business prepared for the slowdown and do you have enough cash on hand? If you need help the Chartered Certified expert team at Davis Grant are here to help. Transcript With the end-of-the-year fast approaching and the seasonal slowdown on its […]