Bespoke Tax Accountants

Specialist tax advice, accountancy and tax returns

01242 505970
info@bespoketax.com

  • Home
  • About Us
    • Meet The Team
    • Careers
    • Statutory Information
    • Privacy Policy
  • Who We Help
    • Personal and Family
    • Business
    • Our Clients
  • News
    • Making Tax Digital
  • Giving Back
  • Contact
  • Cloud Accounting
    • Xero

Time to plan

6th May 2020 By bespoketax

Time to plan

Up to the lock-down, most business owners were fully engaged in running their businesses and chasing new sales opportunities. The opportunity to take time out to consider longer-term issues: expanding your business, planning for a business exit or retirement, were fanciful strategies that may have crossed our minds in the second before we slept or when stretched out on a beach towel.

In the present lock-down hiatus perhaps we have an opportunity to find space for this sort of planning?

Clearly, the Coronavirus outbreak has had a global effect – we are all in the same boat – so we are not looking at local changes in isolation. The world markets for the exchange of goods and services have been severely challenged and disrupted, accordingly, the world post COVID-19 is likely to be different to what we have come to expect in the past.

Taking time out now, while there is time, may be a productive use of our grey cells.

The questions we need to ask could include:

  • How could we tap into the emerging online market and adapt our services and product ranges to better suit this approach?
  • What financial effect is the present hiatus having on our Balance Sheets?
  • What will our business forecasts look like if we factor in a slow or fast exit from lock-down?
  • Do we need to seek out new capital to plug any hole left by weeks of reduced or no activity?
  • What opportunities are there to restructure to cope with the new economic realities?
  • And beyond COVID-19 related disruption, how will our impending exit from the EU add to this mix?

If you are interested in this process we can help. Please call any time to discuss your options. None of us will be exempt from the challenges ahead.
 

Filed Under: Uncategorised

Recent News

  • Termination payments
  • Bona Vacantia – dissolved companies
  • Reminder of compensation limits for bank deposits
  • Reminder that the plug-in grant has ended

News Categories

  • Budget Summary
  • Business
  • Business Support
  • Capital allowances
  • Capital Gains Tax
  • Company Secretarial
  • Construction Industry Scheme
  • Corporate Governance & Regulation
  • Corporation Tax
  • Customs Duties
  • Duties
  • Employee Benefits
  • Employment & Payroll
  • Employment Law
  • European Union
  • Family Tax Credits
  • General
  • HMRC notices
  • Income Tax
  • Inheritance Tax
  • National Insurance
  • NIC & Pensions
  • Other duties
  • Overseas personal tax issues
  • Overseas tax issues
  • Payroll
  • Pension
  • Personal
  • Practice News
  • Stamp duty
  • Stamp Duty Land Tax
  • Tax credits
  • Tax Diary
  • Value Added Tax
  • VAT & Duties

About Us

Bespoke has a reputation for helping our clients make the most of their financial situations and in turn we have become a trusted extension of their business or family.

Bespoke assist with compliance requirements, providing specialist tax advice, and planning for now and the future.

Keep informed.
Sign up for our Topical Newsletter

Our FREE monthly newsletter will keep you up to date with the latest news related to the world of accountancy.

Register Here

Contact

Delta Place,
27 Bath Road, Cheltenham,
Gloucestershire, GL53 7TH
01242 505970
info@bespoketax.com

ICAEW Chartered AccountantsXERO Gold PartnerChartered Institute of TaxationMember of EISA

Copyright © 2022 · Bespoke Tax Accountants · Website by Culpepper & Co

.