Still claiming furlough grants?

If you are still claiming furlough grants you will not need reminding that we are fast approaching the final quarter for claims; the scheme is due to close 30 September 2021.

The press are waking up to the fact that autumn 2021 is going to see a significant rise in unemployment as employers make hard choices when the funding ceases. Have you considered your options?

At worst, you will need to make furloughed staff redundant, at best, you may have evidence that your business is picking up and you can continue without losing members of your team.

But how will you know what is best to do?

In our estimation planning is the key. At a minimum, you should sit down and produce a conservative estimate of your turnover for the next year. Then, month by month, plot all costs, including payroll costs, and see if you can produce profits, or at worst break even.

If profitable, you will be able to increase cash flow if debt repayments, tax and capital expenditure do not use-up the increase in liquidity.

We can help you crunch the numbers. Pick up the phone. Let us help you make those hard choices if they are necessary and produce the necessary evidence if they are not.

Contact Us

Lipson & Co
88 North Street
RM11 1SR
01708 300410

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