As we emerge slowly from lockdown, now is a good time to take stock of things and look ahead to how we can run our businesses with the “New Normal” environment we face.

What is clear is that some form of social distancing will remain, and many businesses are adopting new ways of working within the rules. The Government has published guidance to assist employers:

Please keep reviewing these guidelines as they change regularly.

Government supports continue. The Job Retention scheme has been extended until October, although we are not yet sure what percentage of support the Government will provide post July.

Self-employed income support grants are open for applicants on-line and we have no confirmation yet as to whether the Government will extend the scheme. If and when they do, we will provide you with further information.

The online service you will use to reclaim Statutory Sick Pay (SSP) will be available from 26 May 2020. See:
You can find out what Government supports are available here:

We have been helping many clients with bank loans and VAT deferral so please contact us about the loans available if you have not already done so.

The reality of the situation is that not all businesses are going to survive. If your customers are in isolation and cannot get to you or you cannot deliver or they cannot pay you, there is the reality of reduced or no sales for the next few months and even beyond if the virus remains.

It is worth remembering that the situation we face is one we cannot change. What you can do is stay healthy and ensure your loved ones are too. After all, if the business closes and you are healthy you can start again. The reverse is not true.

Many businesses are re-purposing or pivoting their operations and are adapting to the new ways of doing things. We are helping them with digital bookkeeping and forecasting with “What if” scenarios so they can look at all angles of their businesses.

So, here is what you need to do right now:

1. Stay healthy, follow the Government guidelines for you, your family, co-workers, employees and community. Work from home where you can manage administration.

2. Plan – what will your business look like in six months’ time? The best way to predict your future is to create it.

3. So, take time to look at your business, Strengths, Weaknesses. Opportunities and Threats. Make notes, involve everyone. Brainstorm. Draft a written plan.

4. Work out your expenses (including salaries) for the next six months.

5. Estimate your cash flow over the next six months. We have the tools to help.

6. If you need help in doing these calculations talk to us – we can talk you through these for you. Without the figures you cannot make clear decisions.

7. Once you have a grasp on your figures and you consider you have a “viable” business (can you survive for the next six months?):

a) Get your members of staff involved in a discussion of likely trading conditions and get their input on reducing costs and maintaining revenues.

b) Review your list of products and services and eliminate those that are unprofitable or not core products/services.

c) Get rid of won’t pay customers.

d) Review your debtors list and chase up overdue invoices (if appropriate).

e) Offer existing debtors extended payment terms and/or discounts.

f) Agree extended payment terms with all suppliers in advance.

g) Put extra effort into making sure your relationships with your better customers are solid.

8. If your business is not viable – talk to us and we will run through the options.

For help or proactive advice, please do not hesitate to get in touch with the team on 0161 761 5231 or email

We are here to help and support you through this difficult time.