{"id":3884,"date":"2022-01-04T00:00:00","date_gmt":"2022-01-04T00:00:00","guid":{"rendered":"https:\/\/hebblethwaites.com\/index.php\/lockdown-survival-tactics\/"},"modified":"2022-01-04T00:00:00","modified_gmt":"2022-01-04T00:00:00","slug":"lockdown-survival-tactics","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/lockdown-survival-tactics\/","title":{"rendered":"Lockdown survival tactics"},"content":{"rendered":"<p>We have listed below a number of ideas that might ease your progress through any continuing COVID-19 related disruption during 2022.<\/p>\n<p>The following comments are not advice. Every business is different so please call if you have concerns due to a reduction in trade this year.<\/p>\n<ul>\n<li>Mothball investment plans. Could you defer decisions on buying that new car or other equipment for your business. In a year&rsquo;s time the economy may have had a chance for a more sustainable recovery that would make more productive use of your acquisition.<\/li>\n<li>Discuss a hiatus in pensions investments with your pension&rsquo;s advisor.<\/li>\n<li>Agree an instalment plan with HMRC to clear any current or future Income Tax or Corporation Tax liabilities.<\/li>\n<li>Reduce stocks of goods. If turnover falls due to future lockdown activity, reducing stocks will ease pressure on cash-flow and release storage space.<\/li>\n<li>Negotiate a reduction in hours with your staff rather than laying people off. This may be a solution to keeping teams together.<\/li>\n<li>Consider your staff as a service option if they become under-employed by reduced activity. i.e., sell their time to firms who need periodic, additional support but don&rsquo;t want to commit to taking on a full-time worker.<\/li>\n<li>Clear out under-utilised office or production space and offer to sub-let on short-term lease arrangements.<\/li>\n<li>Hire out under-utilised plant.<\/li>\n<li>Defer any expenditure that can be safely delayed for a year without unduly affecting your ability to trade.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Planning is key<\/strong><\/p>\n<p>As soon as you become aware of threats to your future trading, take time out to formally plan a survival process.<\/p>\n<p>We can help. Don&rsquo;t wait until cash resources are exhausted. Contact us as soon as you feel your hard-earned business is under threat.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>We have listed below a number of ideas that might ease your progress through any continuing COVID-19 related disruption during 2022. The following comments are not advice. Every business is different so please call if you have concerns due to a reduction in trade this year. Mothball investment plans. Could you defer decisions on buying [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-3884","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=3884"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3884\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=3884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=3884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=3884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}