17 Mar 2020

Coronavirus Business Continuity Planning

Business Continuity

Alongside our own Coronavirus business continuity planning, we are of course supporting clients who are working on their own plans.

As accountants, one area of particular focus is on business cashflow. If you need assistance with modelling your short term cashflow and advice on good cashflow management, please contact your usual MHA Monahans contact.

One particular aspect I want to highlight here is in relation to your businesses’ tax bills.

The Chancellor announced in the Budget a dedicated helpline for businesses needing help with outstanding tax liabilities. The promise is that support arrangements would be discussed on a case by case basis via a dedicated helpline, with an extra 2,000 experienced call handlers.

Details are as follows:-

If you cannot pay because of Coronavirus

Call the HMRC Coronavirus helpline.

HMRC Coronavirus Helpline

Telephone: 0800 015 9559

Monday to Friday, 8am to 8pm
Saturday, 8am to 4pm