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.
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 loans, Coronavirus Job Retention Scheme, deferral 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.
What funding support could you be eligible for, our flowchart is designed to point you in the right direction.
Support for employers during the COVID-19 pandemic
Overpayment of corporation tax in light of COVID-19
Relieving pressure on UK companies and maintaining market integrity
COVID-19: UK VAT cash flow planning
How tax authorities around the world are responding to COVID-19
Support for business owners and individuals
How can R&D support companies through the coronavirus
Professional Practices: How could COVID-19 impact your firm?
COVID-19: Moratorium on forfeiture
Maximise your chances of securing a CBILS facility
Manage the impact of coronavirus on your organisation
Coronavirus: Government financial support for organisations
Time to pay: some common questions
Partners in professional practices working from home
Response from the Solicitors Regulation Authority (SRA)
Utilising opportunities for innovation during COVID-19 disruption
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 workers, job retention, working from home tax consequences, PAYE and Time to Pay, IR35 deferral, holiday and sick pay, globally mobile employees
Individuals - self-employed, partners working from home, business owners
PAYE deadlines and support during COVID-19 disruption
Employment tax consequences of working from home
COVID-19: Updates to holiday and sick pay
IR35 Deferral and PAYE Time to Pay
COVID-19: What steps to take if you have globally mobile employees
Chancellor gives financial support to the self-employed affected by coronavirus
COVID-19: Impact on UK tax residency for those stuck in the UK
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.
Pre year-end personal tax planning update
Charities and registered provides will need to consider their scenario including planning, budgeting, forecasting and risk registers.
Coronavirus: financial reporting issues for Charities
COVID-19 – what planning should charities be undertaking?
COVID-19: What planning should registered providers be undertaking?
Schools: Coping with the financial effects of COVID-19
Non Profits: Managing in uncertain times