Well, get some good learning under your belt from reliable sources about the current financial climate/where the economy is heading, and then read a positive view point about overcoming challenges in the “right” way. We have selected two sources for you. Please read our two previous posts: ACCA’s chief economist, Michael Taylor, presents the latest […]
“In recent decades, researchers have had the opportunity to observe leaders across the globe as they dealt with economic crises, nuclear disasters, oil spills, massive business failures and other large-scale calamities. Data collected by business schools, universities and employers suggests that the behaviour of leaders has a considerable impact on both the well-being and performance […]
“The global economy is heading into a recession, initially at least a pretty severe one. The measures introduced by governments in an attempt to slow the spread of the virus are having a dramatic effect on huge swathes of economic activity. There is the direct loss of output and employment caused by the closure of […]
Please be vigilant against fraud, particularly about sharing your financial and personal information, as criminals seek to capitalise on the Covid-19 pandemic. Criminals are experts at impersonating HMRC, people, organisations and the police. HMRC has issued its own guidance about bogus HMRC emails. https://www.gov.uk/government/publications/phishing-and-bogus-emails-hm-revenue-and-customs-examples/phishing-emails-and-bogus-contact-hm-revenue-and-customs-examples
The following is Revel Accountant’s understanding of the Government’s policy and how the Coronavirus Job Retention Scheme will work based on the information published so far. This post is not an alternative to taking bespoke advice that considers the specifics of your circumstances. There is employment law to navigate here, upon which you should take […]
HMRC has changed the dedicated phone number for the coronavirus helpline targeted at businesses and the self employed to 0800 024 1222 to increase load capacity.
Initial indications are that a similar system to that benefiting employees is being considered
The Government has announced that payments of VAT which are due from all businesses within the period 20/03/2020 to 30/06/2020 can be deferred. Our understanding is that is an automatic offer, with no application required. This applies to all those who are VAT registered including individuals, and not for profit bodies. The VAT liability will […]
We are aware that there is a lot of uncertainty and differing information being presented on this scheme. We are currently working hard to get as many answers as we can, before we can provide more concrete information. We wanted to set out what we do know, and the areas of uncertainty. There is an […]
This has now launched. The British Business Bank’s advice is to contact your own bank/lender in the first instance (check out their website).
We wanted to make it known that Revel Accountants Ltd has contingency plans in place to support you and your business, and to maintain our service during this time.