Monthly Archives: octobre 2020

  • 0

Further updates to our Autumn Business Support Guide

Following further changes to the Job Support Scheme, our Autumn Business Support Guide has been updated with the Chancellor’s latest winter economic plan.

There are significant changes to the Job Support Scheme which replaces the former Furlough Scheme.

Please contact us for further details.


  • 0

Does your business import or export goods?

If your business imports or exports goods either as sales or in your supply chain, there are a number of things you need to do and be aware of with the end of the Brexit transition period ending on 31st December 2020.

From 1st January there are many changes that you need to be aware of, including changes in tariffs, import VAT, insurance and VAT registration plus the need to register for an EORI (Economic Operators Registration and Identification) number for businesses that import or export goods, either as sales or in their supply chain.

To help SMEs prepare for Brexit, we have produced some helpful materials including:

  • Preparing for Brexit: A Guide for SMEs (including helpful links to tools and further resources); and
  • A 15-point Action Plan.

If you would like a copy of the guide or the 15-point Action Plan, please get in touch.


  • 0

  • 0

Congratulations!

Congratulations to our Jarrad Gilbertson for passing his F9 ACCA Financial Management exam!


  • 0

Where will you get cash if you need it?

With both Brexit and Covid, cashflow for most businesses has been stretched, and may be for some time to come.

Covid measures including furlough and tax deferrals will end. Businesses need to fund the full cost of employees, pay taxes due, and start making repayments for any loans they have availed themselves of.

The economic consequences of Brexit are unclear and will depend on the free trade agreements that the UK can negotiate with the EU and other key trading partners. These may not be fully in place when the transition period ends (31st December 2020). Businesses therefore need to plan ahead and think about how they could deal with further economic uncertainty which might affect sales, the collection of debtors or inventory levels. You may need more cash to hand to ensure you can continue to make payments on time and meet your contractual obligations.

Key considerations:

  • What money do you need?
  • Why is it needed?
  • When do you need it?
  • Where will you get in from?

Complete a cashflow forecast.

Please contact us for a free cashflow forecasting template.

If you would like some assistance in preparing a full cashflow forecast plus some advice, please get in touch.


  • 0

The Martlet Partnership urges SMEs to act now to prepare for Brexit

Many SMEs are unaware that there are some key things they need to do before the end of the year to ensure they can continue to trade from 1st January 2021.

The UK left the EU on Friday 31 January. There is now a transition period until the end of 2020 while the UK and EU negotiate additional arrangements.

From 1st January 2021 there are some significant implications for all SMEs, not just those who are involved in importing/exporting or travel, including:

  • New customs paperwork and tariffs.
  • Changes to data protection and contracts; and
  • Visa and travel requirements e.g. when travelling for work.

In addition, businesses that import or export goods, either as sales or in their supply chain, must register for an EORI (Economic Operators Registration and Identification) number.

Commenting on the forthcoming changes, David Macdonald from The Martlet Partnership said; “Brexit is looming with massive consequences for SMEs.  Many SMEs are unaware of some of the changes, partly due to Covid-19 dominating the news.  For example, many are unaware that their terms and conditions may no longer be relevant or understand the steps they need to take to ensure they can continue to import and export goods.”

To help SMEs prepare, The Martlet Partnership, with together with UK200 Group, have produced a helpful guide and 15-point action plan (below), which include details of:

  • Preparing for Brexit: A Guide for SMEs (including helpful links to tools and further resources); and
  • A 15-point Action Plan.

Concluding, David comments; “The economic consequences of Brexit are unclear and depend on many factors. Businesses need to plan ahead, including preparing cashflow forecasts to ensure they know what money they need, when and where they will get it from. SMEs need to act now to ensure there is no disruption to their business.”


  • 0

Updated Autumn Support Guide

Following recent developments, our Autumn 2020 Support Guide has been updated and the following sections have been inserted:

  • 2 Local Job Support Scheme for closed businesses
  • 9 Local authority grants for closed businesses
  • 10 Test and Trace isolation payment
  • 11 Fines for breaking isolation

Section 3 relating to the Job Retention Bonus has also been updated.

Please do not hesitate to contact us if you have any questions.


  • 0

Autumn Business Support Guide

Following the Chancellor’s announcements last week, we have pleasure in presenting our analysis and detail of the Government winter economic plan.

Of particular relevance are the very welcome announcements of extended credit terms for paying VAT and an extension of the Bounce Back and CBILS loan schemes.

The new Job Support Scheme to replace furlough may not be of great use to many small and medium size businesses but may enable some directors of smaller companies to make claims from which they were excluded under the furlough scheme.

If you have any queries relating to any of the provisions outlined in the attached document then please do not hesitate to contact any member of the team.


Contactez nous

The Martlet Partnership LLP
Martlet House
E1 Yeoman Gate
Yeoman Way
Worthing
West Sussex
BN13 3QZ
UK

Tel.: +44 (0) 1903 600555
Fax.: +44 (0) 1903 600828
E-mail: info@martletpartnership.com