Copy of Supporting one another through Covid-19

We are in difficult and unprecedented times. The Covid-19 Pandemic continues to evolve at pace and while we are keeping an extremely close eye on the latest government guidance, we want to assure you that Albert Goodman is fully committed to the health and well being of our staff and clients and that we will be doing everything we can to minimise disruption to client service

Steps we are taking

  • A remote technology IT system which allows our firm to work from home where necessary
  • The ability to use video conferencing technology such as Zoom to conduct meetings
  • A business continuity team which meets regularly to discuss and action our ongoing response
  • We have asked any staff member who displays any signs of cold or flu to stay at home and self-isolate
  • Staff members with underlying health conditions have been contacted and encouraged to work from home
  • We have taken the decision to ask staff to not attend networking events, and have postponed our own
  • Our IT team have set up phone infrastructure to allow calls to be re-routed to staff who are working from home
  • We will be opening up additional methods of communication to allow our clients to stay in contact
  • We will be posting as much up to date information on SME support as we can as the situation develops

Articles

Commercial property in a post-Covid world

We recently made a small addition of commercial property to the Albert Goodman client portfolios, using the Real Estate Investment Trust (REIT) structure. Like most assets, including equities, long term returns have been good, but values recently took a dip, and then made a partial recovery. With things as they are now, is it still [...]

SEISS – Further guidance issued on second grant

Further to my article a couple of weeks ago, further guidance has been released in relation to the second and final SEISS grant which will be available to claim in August.  The aim of the second grant is to further assist those self employed individuals who are still adversely affected by Coronavirus. The second SEISS […]

The Dark Side of the Furlough – Flexible Furlough Scheme

HMRC updated its guidance on the Job Retention Scheme (JRS) on 12 June, to include details of its replacement, the Flexible Furlough Scheme (FFS), which comes into force from 1 July. There’s no doubt that the JRS has been a lifeline, not only for many businesses, but for employees as well.  Going back to March, […]

Flexible Furlough Scheme

Flexible Furlough Scheme     The Job Retention Scheme (JRS) ends on 30 June 2020 and will be replaced by the Flexible Furlough Scheme (FFS).  The Flexible Furlough Scheme will enable previously furloughed staff to work on a reduced hour basis from 1 July, helping businesses to slowly return staff to the workplace.  Employers will […]

Coronavirus Job Retention Scheme: Changes from July announced

The Chancellor recently set out more detail on how the Coronavirus Job Retention Scheme will continue to support jobs and business as people return to work. Here’s what we know so far: From 1 July 2020, businesses will be given the flexibility to bring furloughed employees back part time. This is a month earlier than [...]

Self Employment Income Support Scheme (SEISS) – Second Grant Announced

SELF EMPLOYMENT INCOME SUPPORT SCHEME (SEISS) – ANNOUNCEMENT OF SECOND GRANT You may have already seen that on Friday evening, the government announced that they would be extending the Self Employment Income Support Scheme (SEISS) scheme with a second and final grant being payable in August 2020 to assist those who are self employed and […]

Bounce back loans – Bounce back or Roll forward

The new government loan scheme “Bounce back loans” was launched by most leading high street lenders. The scheme is aimed to help small and medium sized businesses to borrow between £2,000 and £50,000.  Each business’s total loan is capped at 25% of their turnover, to a maximum of £50,000. This doesn’t mean that if your […]

Opportunities to review your business during Covid-19

Every threat is also an opportunity… there are opportunities to review your business during Covid-19 “It is an ill wind that blows no good”, or so the saying goes. Although we should not belittle the significant damage to the economy and individual personal situations, there are also opportunities to review your business arising from the […]

Bounce Back Loans Announced

On April 27th Rishi Sunak announced the new Bounce Back Loan scheme. The Government has been under pressure to provide more support for small businesses, some of whom have been finding navigating the CBLIS loan system difficult. The application is likely to involve a simple two-page application (standardised across lenders) with no need to demonstrate [...]

Deferral scheme of VAT payments due to Covid-19

The Scope of the VAT deferral Scheme The Chancellor announced a deferral of VAT payments to help support businesses with cash flow during the Covid-19 pandemic. The deferral provisions only cover VAT payments that are due alongside normal VAT returns which are to be made between 20 March and 30 June 2020. This includes: a [...]

Steps you can take

  • Communicate regularly with your employees to ensure that the latest government and Department for Public Health advice is taken on board
  • Test your IT infrastructure and put in place video conferencing technology such as Zoom or Skype to allow ongoing communication
  • Speak with your bank and or finance provider to get the support and flexibility you need in what is likely to be a challenging time
  • Contact your suppliers to understand their contingency plans for working around the virus

Relevant Services

AG Payroll

Financial Planning

Business recovery and insolvency

Covid-19 Business Support Team