There are 3 main classes of taxpayers which are being excluded from receiving financial assistance which, is neither reasonable nor justified.
Businesses are now operating in unprecedented times and never has the phrase “Cash is King” been more appropriate. Businesses should prepare cash flow projections going forward to identify where problems may exist and take immediate action to remedy those problems.
The Chancellor’s £9bn coronavirus bailout for the self-employed is most welcome and offers a lifeline to many of our clients. The scheme however, drawn up in haste, is without its faults.