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COVID-19: Managing the impact

Helping you and your business through the challenges

As the coronavirus (COVID-19) reaches a critical phase globally, it is important to understand and prepare for the impact on you, your organisation or the people you advise. We recognise that the situation is evolving on a daily basis and causing many challenges that are essential to consider in order to ensure business continuity in a rapidly changing economic landscape.

A series of insights have been prepared to help you navigate through the crisis and plan for the future, click below.

Find out the steps Crowe is taking to minimise the impact of COVID-19.

COVID-19 Funding Support Flowcharts

Our flowcharts are designed to point you in the right direction of what measures
might be available for you and your business based on what we know at present.
They are updated as new measures are introduced on a real time basis.

Relief and continuity measures for businesses

The government has announced several measures to help businesses and so there are a number of areas organisations needs to consider to manage the impact including CBILS loansCoronavirus Job Retention Schemedeferral VAT payments, grants, partnerships profits and cash, UK public companies year end extension, time to pay, international tax measures, generating cash, support for workers, deferral of payment UK taxes, funding support, R&D tax relief, commercial tenants and business rates relief.

Supporting employers and individuals

Supporting people is difficult in such extraordinary times and is becoming key for many business as they look to adapt to the current changing environment. Various measures have been announced to help:

Employers - furloughed workersjob retentionworking from home tax consequencesPAYE and Time to PayIR35 deferral, holiday and sick payglobally mobile employees

Individuals - self-employedpartners working from homebusiness owners, residential landlords

Tax considerations and extended deadlines

Understanding the consequences of tax payment dates, tax penalties and interest, lower corporate profits, HMRC's helpline and personal tax planning in managing your taxation liability in the current climate.

Non Profits

Charities and registered provides will need to consider their scenario including planning, budgeting, forecasting and risk registers.