The COVID-19 pandemic has created a series of truly unique and unprecedented circumstances and challenges. This is especially true for business owners in the United Kingdom. Part of the government’s response to the pandemic’s economic challenges is the new Coronavirus Job Retention Scheme. The government initially intended for this scheme to last for a few months but has now extended the system until the end of October. The aim of the CJRS is to help employers keep their employees at work and maintain their workforce.
If you’re an employer and you want to limit the impact of the COVID-19 pandemic on your business and activity, then you should take full advantage of the CJRS. The government has designed the scheme to allow you to bring your employees back to work on a part-time basis, and the government pays the wages or salary of your employee while they are on furlough or not working. These arrangements let you operate on a limited basis while still retaining your workforce or as much of your staff as you can. This is especially wise if you have a larger workforce and significantly reduced business or operation at present.
David Beckman and Co. Ltd. is an Accountant Leatherhead. The firm has a team of experienced, qualified accountants who can help you navigate the new CJRS and plan how you can make the most of the scheme. This way, you can ensure that you minimise the impact of the Coronavirus on your business and put yourself in a strong position to recover quickly once the economy opens up further. An accountant in Leatherhead can also help you develop a plan for recovering your business once COVID-19 restrictions ease further, and you are less limited in terms of how you can trade and operate. Don’t hesitate to get in touch for assistance in these areas.
