On the 26 March the Government announced a support package for the self-employed, including members of partnerships in the UK that have lost income due to coronavirus.
Updated 12.05.20: With coronavirus affecting thousands of people across the country, and with many more needing to take a leave of absence for precautionary self-isolation, as a business owner, you will have concerns around how coronavirus will impact your employees and your operations.
After criticism of the Coronavirus Business Interruption Loan Scheme (CBILS), which has only supported 8,638 businesses to date, the government announced the Bounce Back Loan Scheme (BBLS).
A survey by the Association of Practising Accountants (APA), with the support of East Midlands-based Duncan & Toplis, has shown that more than half of firms in the region have seen turnover reduce by more than 50%. Meanwhile, 44% have seen turnover reduce by more than 70%.
Ever since the first case of coronavirus in the UK, schools have faced a great deal of uncertainty. When the decision was finally taken to close schools to all but vulnerable children, and those of key workers, questions immediately turned to funding.