Director/shareholders of small companies may be considering reducing their salaries and/or dividends during this uncertain period. Even if firms are managing to maintain profits or breakeven, prudence would suggest that until things improve we should do what ever we can to preserve cash reserves. Many directors have taken the sensible option to minimise their salaries…
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New support for High Street retailers
The High Street Task Force has launched a range of support options for High Street traders in England. In a press release issued 12 June it was announced: A package of support to help high streets to get back on their feet has been launched ahead of shops reopening from 15 June. The High…
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Changes to the Coronavirus Job Retention Scheme
The government published details of the changes to the Coronavirus Job Retention Scheme late on 12 June, it always seems to be a weekend! We've summarised the changes in this presentation, however, full details are available on this link https://www.gov.uk/government/publications/changes-to-the-coronavirus-job-retention-scheme/changes-to-the-coronavirus-job-retention-scheme .
Problems as we emerge from lock-down
The precautions taken by government to contain the COVID-19 outbreak, commonly known as lock-down, have created varying problem for UK businesses. As we ease our way out of lock-down many of us will have further issues to confront. This post considers some of those issues. According to the Office for National Statistics, economic activity in…
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