For businesses and individuals currently suffering cashflow issues during the COVID crisis, the quickest and easiest way of securing immediate support is through the mechanisms provided by HMRC. You don’t need to be currently in a cashflow crisis to seek support, the reliefs are available if you believe you will have problems in the future. Indeed, in terms of deferring the payment of tax liabilities, HMRC advises that it is far better to seek support from them before getting into arrears.
Although some HMRC measures require businesses to take action (rather than their advisors) we are here to help you. We can guide you through any of these processes, and support you with our experience of advising many other businesses just like yours.
We can help you if you are:
Self Employed (including partners) and need advice around the Self-employment Income Support Scheme
Furloughing staff under the Coronavirus Job Retention Scheme
Direct business support grants
Deferral of tax liabilities – including automatic tax deferrals and advice on other tax payments falling due