With the Government announcing that lockdown restrictions will not be removed until 19th July at the earliest, it should come as no surprise that some support for businesses has been extended.
Recent research by the Association of Practising Accountants (APA) found that many businesses are still struggling with the impact of Covid-19 and the uncertain economic outlook
The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) will come into force on 4 May 2021 and introduces a breathing space for people struggling with debt.
As businesses start to reopen, understanding what challenges lie ahead and how to deal with them is fundamental to ensuring your business has the best chance of survival.
If you are struggling to access external funding, have concerns about your ability to recommence trading once the lockdown ends Heather Bamforth has some useful advice.