23 March 2020
The best sources of information for small businesses experiencing uncertainty.
At a time when the news is everchanging it can be difficult for everyone to know where to go to for clear and honest advice.
Here at Close Brothers we recognise the need for business owners to be able to quickly understand the support available to them and begin accessing it. A business owner wants to protect their business and focus on the day to day running rather than the administrative side but in the current climate it can be difficult to focus on what truly matters.
Close Brothers therefore have highlighted five websites that can offer you insightful and up to date advice on what government support is available to you and your business.
If you’re looking to find out how the government can support your business head to the Federation of Small Businesses (FSB)
The FSB can also help you with:
- The latest announcements from the UK government in response to the outbreak
- Paying tax and how to defer your payments or see advice through the HMRC Time to Pay service
- What businesses should do if they have employees such as how to pay staff, your duties as an employer, what to do if employees refuse to work and general measure you can take in the workplace
If you’re looking for information about Sick Pay and How to certify absence from work go to Gov.uk
Gov.uk can also help you with:
- What to do if your employee needs time off work to look after a relative
- How you can continue trading internationally and what to do if your supply chains have been affected by Coronavirus
If you’re looking for information about how to build a contingency plan for your business visit the CIPD
The CIPD can also help you with:
- How to prioritise employee’s health safety and wellbeing at this time while also reassuring your employees through continual communication
- How to develop a contingency plan should your supply chain be experiencing disruption or your employees need to work from home to prevent the spread of infection
If you’re looking for guidance on continuity planning visit the Institute of Directors
The IOD can also help you with:
- Guidance on working remotely and the importance of strong mental health and wellbeing in the workplace, as part of its Inclusive Business campaign
- What the government’s announcements mean for businesses and the self-employed and how you can start claiming the available support
If you’re looking for resources and webinars to support SMEs visit The CBI
The CBI can also help you with:
- Advice for SMEs being impacted by coronavirus on what support is available and what government announcements mean for your individual business
- Resources for businesses from the government and other organisations
- What the impact of coronavirus has been on the UK economy on supply chains, activity and operating conditions
If you need advice if you or your staff are feeling unwell vising the NHS 111 online Coronavirus service
NHS 111 can also help you with advice on:
- The importance of staying at home as a way in which stop the spread of coronavirus
- How long you should stay at home for, should you have symptoms, what to do if someone you live with has symptoms and how to get an isolation note to give to your employer
- How to look after your health and wellbeing to stay well while you are at home
This is the first article in a series that Close Brothers will be producing as part of a new Coronavirus Resource Hub. Our aim is to become a one stop-shop for business owners and employees to refer to and have answers to all of their questions. Here small business owners will be able to find clear and informative advice for their business covering topics such as: how to protect your business, working productively at home, how to work with children at home and how businesses can access the latest government support available.
A green recovery
As part of the Chancellor’s budget, Rishi Sunak announced a range of green initiatives to be a key part of the UK’s recovery from the pandemic. In the year the UK holds the presidency of the UN climate change talks (COP 26), the Chancellor’s announcements aim to show the UK’s commitment to tackling climate change and reaching it’s net zero targets.
Mar 16th 3 minute read
What the Chancellor’s Tax announcements mean for SMEs?
In this article we will look at those specific measures that could affect small businesses and business owners and look forward to the 23 March and the rumours expected to be announced on what has been dubbed ‘Tax Day’.
Mar 11th 2 minute read
Budget 2021: A summary of the key points.
On Wednesday 3rd March, Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Budget including his plans to support the UK economy on its path to recovery.
Mar 04th 7 minute read
‘The end really is in sight’: England’s Roadmap out of National Lockdown
Prime Minister Boris Johnson announced on Monday 22nd February the current national lockdown in England will be eased in four steps, with a minimum of five weeks between each step.
Feb 23rd 5 minute read
Here are the latest government restrictions and guidance for businesses and individuals.
We have outlined the main announcements for business owners and Individuals to be aware of from yesterday’s announcement from Prime Minister Boris Johnson.
Sep 23rd 5 minute read
Key Points from the Chancellor’s Economic Statement
With the UK still amidst the coronavirus pandemic and the extent of its impact still not yet known for business owners and employees, Chancellor Rishi Sunak yesterday set out a number of new schemes and financial incentives to help businesses to bring furloughed staff back to work and to encourage customers to return to their local shops and restaurants again.
Jul 09th 5 minute read
Employee benefits through COVID-19
Paul Forde from Close Brothers Asset Management talks you through your obligations and considerations around employee benefits for your staff through these uncertain times.
Jun 23rd 5 minute read
Close Brothers and managing the risk of COVID-19
We have carried out a COVID-19 Risk Assessment and shared the results with our colleagues.
Jun 15th 5 minute read
How to carry out a Covid-19 risk assessment in your workplace
As lockdown restrictions continue to ease, many businesses that had been forced to close or ask their employees to work from home will now be considering how to safely re-open.
Jun 11th 5 minute read
Understanding what the government’s latest announcements on relaxing the lockdown rules mean for you
Following the Prime Minister’s announcement on Sunday evening during which he laid out the first steps for the UK to leave the current lockdown conditions, the government has now published “Our plan to rebuild”, the government’s Covid-19 recovery strategy that explains how businesses and workers can take the next steps to return to life before the lockdown.
May 13th 5 minute read
Unfortunately, whilst most of the country is pulling together, helping in the fight against coronavirus (COVID-19), there are individuals and organisations that are using it to try new scams and trick people by email, phone and text message.
May 13th 5 minute read
Be prudent today, but prepare to reboot your business when restrictions lift
The SMEs of Britain have reacted quickly and prudently to the Covid-19 crisis and the associated financial difficulties which are being acutely felt around the UK
May 04th 5 minute read
Close Brothers appointed as lender for the Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme (CBILS) is a government initiative to help UK small businesses affected by coronavirus to access finance.
Apr 29th minute read
Reclaiming statutory sick pay costs for SME employees – Who is going to be eligible and how will it work?
The government has announced that it will bring forward legislation to allow SMEs to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.
Apr 15th 5 minute read
VAT payment deferrals for business – how does it work and how do I take advantage of it?
TIn response to the Covid-19 crisis, the government has announced that it will allow businesses to defer certain VAT payments with the intention of easing cashflow pressures on businesses over the peak of the pandemic.
Apr 15th 5 minute read
Virtual ways to keep all your family entertained
As the prospect of continued social restrictions to fight the ongoing coronavirus pandemic stretches out in front of us, many will be wondering just how they'll fill an indeterminate amount of free time we all have.
Apr 15th 5 minute read
What’s the right technology to help you keep in touch with your colleagues through video calling?
For many businesses, video calling technology is playing a vital role in allowing colleagues to communicate and even hold company meetings. But what’s the right technology for your business? We take a look at some of the key solutions available and assess the pros and cons.
Apr 14th 5 minute read
How to get the government’s £10,000 cash grant for small businesses
Small businesses and start-ups impacted by the coronavirus outbreak may be able to claim a grant of up to £10,000 from the Government. However, the businesses eligible to apply for the grant and how they do so can differ between countries across the UK
Apr 01st 5 minute read
Can you collaborate with other businesses to help one another?
A significant number of businesses in the retail, hospitality and services sectors have had to close their shops or restaurants in response to coronavirus; but one positive initiative is emerging.
Mar 31st 5 minute read
What is furloughing employees and what does it mean for businesses?
The Coronavirus Job Retention Scheme has been announced by The Government to help business pay the wages of staff who would otherwise have been laid off as a result of Coronavirus.
Mar 26th 5 minute read
Good habits for working from home
As the Coronavirus pandemic worsens around the globe, many people will find themselves isolated, working from home and could face some mental and physical health challenges.
Mar 26th 5 minute read
Coronavirus and my business: Where do I start?
Close Brothers we recognise the need for business owners to be able to quickly understand the support available to them and begin accessing it. A business owner wants to protect their business and focus on the day to day running rather than the administrative side but in the current climate it can be difficult to focus on what truly matters.
Mar 23rd 5 minute read
5 ways to protect your business in these changing times
We are living in unprecedented times, and with the state of play changing daily it can be difficult for small business owners to know where they stand. However, there are some quick steps that business owners can take now to protect their business in the long term.
Mar 22nd 5 minute read
Lessons from China – The show does go on
It’s hard (and incorrect) to write anything about the Coronavirus without first making clear that we’re in the midst of a very difficult time, where the health and wellbeing of everyone is really the only priority.
Mar 21st 5 minute read