With lockdown restrictions gradually easing and more businesses across the UK allowed to open their doors again, the economy is finally starting to open up.
This is of course fantastic news, but it does mean that many of the government support schemes, loans and business rates holidays will be coming to an end shortly. This help has kept many organisations afloat since the outbreak of coronavirus and with it likely to take some time before everyone is operating at full capacity again, there are concerns about how businesses will survive.
In light of this, there have been calls for the business rates holiday to be extended. We will keep you updated about this as soon as we have any new information.
As organisations try to navigate their way back to some sense of normality, cash flow planning has never been more important. By preparing yourself for all the potential scenarios you could be presented with over the next 12 months, you can ensure that you have enough money in the bank to survive.
What’s more, it enables you to determine where you stand and which, (if any), actions are needed so your business can recover and flourish as the economy grows.
PKB can help you with all your cash flow planning needs. From identifying where you could be saving money and increasing profits to sharing tips on how to run a business more efficiently and plan for all your tax responsibilities, we can ensure you have everything in place to get your business through the next 12 months.
For more information about cash flow planning, please don’t hesitate to get in touch with PKB.
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