Day: April 1, 2020

How do I make someone redundant? – small business redundancy guide

Hard decision: many small business owners are having to make people redundant

The Covid-19 pandemic is having far-reaching consequences for businesses across the globe. Many have found that demand for their goods and services has fallen away drastically while others are prevented from operating due to government lockdowns. Other employers have been forced to consider redundancies in order to cut staff costs, but any small business based in the UK should give thought to other measures available before proceeding with redundancy as a last resort.

Coronavirus Job Retention Scheme

The newly announced Coronavirus Job Retention Scheme provides vital and unprecedented

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Nearly 1m businesses on brink of collapse, warn accountants

Application rejected: banks say they have to offer commercial finance ahead of government emergency loans

UPDATED: More than 800,000 businesses are within weeks of going bust because they can’t get the coronavirus business interruption loan.

Nearly one-fifth of small and medium-sized businesses are unlikely to get the cash they need to survive another month despite promises of unprecedented government support, according to the BBC Today programme.

Many firms have told the BBC that they can’t get the emergency loans or that the money will take weeks to come through.

With bank branches shut, thousands of struggling firms can’t get

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Should I reduce my marketing budget due to coronavirus?

With the events and hospitality industry on its knees, millions of businesses forced to operate remotely, and the economy in decline, coronavirus has a lot to answer for.

One of the biggest issues for the business community is mounting fear. Whether that’s fear as to how the virus will impact the health of valued employees or fear as to whether UK businesses will be able to survive these unprecedented times.

As a result, many businesses have started to cut costs, pause spend and retreat from day to day operations.

For the majority, the first budget to be cut when facing

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