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Coronavirus Outbreak: help and support for our clients

Help and support for our clients

The UK Government’s response to coronavirus (COVID-19) was initially announced in the Chancellor’s Budget 2020 speech recently and has been subsequently added to in recent briefings and press conferences. It includes measures looking to protect businesses from the economic impact of the pandemic. With all small and medium-sized businesses (SMEs) in the UK now facing a much more challenging year we have compiled some of the key details below to help.You can read more on the recent budget in our Budget Report 2020 by clicking here.

Support for Businesses:

An overview of the support currently available:

Support for Individuals

Other Measures

  • It’s been confirmed that government advice to avoid pubs, clubs and theatres etc is sufficient for businesses to claim on their insurance where they have appropriate business interruption cover in place for pandemics
  • To support the food industry and help provide meals for people who need to self-isolate, planning regulations will be relaxed to allow pubs and restaurants to start providing takeaways without a planning application

Please check the following link on the HM Treasury site for all the latest announcements and details: COVID-19: support for businesses.

HMRC and Time To Pay

For those who are unable to pay due to coronavirus, HMRC will discuss your specific circumstances to explore:

  • Agreeing an instalment arrangement
  • Suspending debt collection proceedings
  • Cancelling penalties and interest where you have administrative difficulties contacting or paying HMRC immediately

For more details please refer to the following page on the Gov.uk website: If you cannot pay your tax bill on time

If you are the subject of a tax investigation then our helpful and experienced team can help, please refer to our Tax Investigation page by clicking here.

For our clients we offer a Tax Protection Insurance which helps your peace of mind in the event of any tax investigation. Please ask out dedicated Team for more details – click here.

Monitoring Your Cashflow

Over the coming months, many SMEs will be paying closer attention to their business cashflow and the processes related to it. Our suggestion to clients would be to use what may be a quieter time to talk to us about this and get on top of your bookkeeping, so that you have the numbers to monitor their cashflow and provide them to lenders, including HMRC when agreeing Time To Pay or loans.

Non-Government Support

High street banks are currently offering various degrees of support including:

  • Lloyds Banking Group
  • NatWest
  • Barclays
  • HSBC

If you have any worries or concerns click below to arrange a no obligation call with one of our experts

Arrange call back

What our clients say...

"Taylor Associates are brilliant, professional and friendly. Very happy after years of their service and would highly recommend."
Joe Mallory-Skinner
"In 2015, on recommendation, we engaged Taylor Associates and from our first meeting, we knew we were going to get an exceptional quality service from a firm of well established, informed and personable accountants. Four years on, we have benefitted from an attentive service from Asif Hassan who has worked constructively with our team..."
Mark Brownfield
"Asif has provided expert advice to London Drywall since our inception in 1999. He has always provided a very efficient audit service but more importantly he has helped us with our corporate and personal tax planning. I highly recommend their services."
Steve Quinn
"Asif and his colleagues have provided Newton IT with excellent service for over 22 years. His understanding of our business needs and our (slightly unique!) business style has been a constant source of reassurance and guidance throughout this time. As such we truly consider Taylor Associates as an extension to our own business. Highly recommended, obviously!"
Newton IT Holdings Ltd
"My company has been grateful for the bespoke and proactive service provided by Asif and his attentive and knowledgeable team. These qualities have provided a platform which has been of great assistance to us in growing our business."
Matt Philipps
"We have been extremely happy with the excellent work carried out by Taylor Associates, who have a very personable and professional staff. Whatever we ask of them is done with efficiency and a positive attitude. We would certainly recommend them if you are looking for a great firm of accountants."
Julie Owen
"I believe Taylor Associates have an exceptional capacity to understand my tax issues and the territories in which my business is going to operate. Peter and his team are always putting themselves ‘in’ rather than ‘out’ of touch. They explain complex tax issues without arrogance or any sense of elitism. Peter operates calmly and with an understated wit. These human qualities are reflected in the nature of his work and the ethos of the practice."
Jeremy Gardiner
"The team at Taylor Associates have been fantastic at helping me set-up and run my business. They are incredibly responsive and answer all questions with patience and care. It's refreshing to always to be able to get hold of Aron and team and I appreciate that they speak in plain english versus finance jargon! I I would highly recommend Taylor Associates to other small business owners in London."
Phoebe Adler-Ryan
"I have been dealing with Peter and others at Taylor Associates for nearly 40 years, using various different departments from Accountancy to help with Taxation and Investments. One thing you can say about the Company is that they "Get it Done" with the minimal amount of fuss and maximum efficiency. I know this sounds like a review they have written themselves, but my dealings with them have been nothing but positive. I would highly recommend this Company"
Barrie Cutchie
I have been a client of Taylor Associates for some years and a client of one of the Senior Partners, Peter Taylor for over 20 years. I have always received best advice and professional service of the highest order and have always been made to feel that my custom was important. I look forward to many more years association with this very caring company."
Ricky Tobias
"I have been a client of Taylor Associates for a number of years for both my by personal and business accounts. I would not hesitate in recommending them to others. They are professional , extremely helpful and always on hand for support and advice."
Natasha Hirshler
"Aron and his team have been a great support to our business. Lots of help and advice along the way. For us its the the prompt responses and ability to discuss any issue with them."
Catherine Massey
"Since Taylor Associates took over as our charity's accountants they have led the way in streamlining our operations, leading to increased efficiency and, ultimately, cost savings. Their blend of professionalism and personal attention is unparalleled and I would not hesitate to highly recommend them, whether for personal or business services."
Youth Aliyah Child Rescue
"Taylor Associates have been our accountants for many years. They are always on hand to help advise and deal with any problems, and in todays world, with so many changes happening in with taxes, it is wonderful to have a company who always have the answers. Peter & his team are excellent in all departments."
Copy Write Printers
"Taylor Associates have been the accountants to Flex Apparel Ltd for nearly 20 years and have provided well researched and commercial advice throughout that period. Their levels of service and support in all areas is of the highest standard with a team of experienced professionals on hand at all times."
Stephen Taylor
"I will definitely be recommending Taylor's to others, they have been a great help to me setting up my own businesses and always give me advice when needed."
Polly Marchant
"Having been a Client of the Taylor family accounting firm for over 30 years in various divers businesses I have always found them and their associates to be extremely proactive and accurate in their business dealings and can highly recommend them."
Nicholas Colquhoun-Denvers
"The team of Taylor Associates have looked after all of Cartlidge Levene's accounting requirements since 1987. Over that time Peter, Asif and their professional and attentive team are always available to call upon for their professional advise and support. They feel very much part of the Cartlidge Levene family! We would highly recommend them."
Adam Levene
"Like others here I have been a client of Peter and Asif for many years. Always a pleasure to deal with, clear concise advice, reliable bookkeeping, calm and collected when I'm getting stressed out by HMRC and not unreasonable rates. Highly recommended"
Brian Tennent
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