Inform Accounting was set up over a decade ago with a simple goal in mind; to help small and medium sized businesses achieve their potential.
If you ask any of our team, they’ll tell you that one of our key philosophies is that we ‘do not do things because that is the way they have always been done’.
You may have heard stories of businesses seemingly going bust over night. Well, in the majority cases this simply isn't true. There are signals all the way that indicate whether you’re running a failing business, the trick is to firstly pick up on them quickly, and secondly to do something about it!
You most likely started your business because you wanted to be your own boss, you thought you could do it better than your competitors, or for a number of other personal reasons. It took grit and determination to get to where you are today, so now isn’t the time to give up; it’s time to fight for your businesses survival.
In times of struggle, it can be difficult to think clearly and define a plan of actions to take to get you back on track. So, we’ve outlined a very simple six step process for you to follow to get started on the right track.
While some help is available to employers through the Coronavirus Job Retention scheme to help them keep staff on during the COVID-19 pandemic, in some cases, it may not be possible to avoid making staff redundant.
Where staff are made redundant and have at least two years’ continuous service, they may be entitled to statutory redundancy pay.
Last month, the government announced its Self-employment Income Support Scheme to support the self-employed during this crisis, with an expected launch date of early June. On Monday, HMRC started writing to those who may be eligible to make a claim under the scheme, telling them to be ready to make a claim when the portal opens next week (between 13 - 18 May).
We know that times are tough at the moment, and that your priorities have most likely changed. And we understand that many businesses are struggling, and are in need of support.
But it’s in times like these that it’s important to remember that we’re all in this together - you are not alone.
Our practice takes a less traditional approach than some might be used to, but we see that as a good thing! That’s why here at Inform, our team is working round the clock to support you and your businesses.
