Red Shoes Accounting Services

Call Us :  01353 865368
Email: info@redshoesaccounting.co.uk

     


Coronavirus update
18/03/2020

**Coronavirus advice for businesses**

Please note: Red Shoes is open for business.

We are here to help even if it just as a sounding board during this difficult trading period.

Our office is clean and open as normal. We operate most of our systems online now and we are able to hold Skype meetings if you are not able to get in to see us.

Records for accounts preparation, VAT & our bookkeeping services, if not shared via our online systems, can still be dropped in at reception at E-Space North or in the secure yellow post box in the car park if you did not want to enter the building.

If arrangements need to be made to defer/plan payments to HMRC then we can help.

Please do check business insurance policies to confirm your cover. Depending on the policy you may be able to claim for business interruption or staff sickness etc.

There is good guidance from the government on this factsheet:

https://assets.publishing.service.gov.uk/…/Covid-19_Budget_…

Consider contacting your bank to see what they are offering in terms of extra finance and support, mortgage payment holidays etc.

Check your supply chains to ensure there are no likely disruptions to supply and deliveries.

Tighten up on invoicing process and keep a close eye on your debtors list. Arrange instalments with those customers that are struggling, if possible.

Review non-essential business costs and strip them out until normal trading is resumed.

Keep on top of the marketing – don’t neglect this area. People still need to know that it’s business as usual and new custom is welcome.

Keep positive and look to the future! The current state of play won’t last forever.

~Victoria