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One step forward

Source: Other | | 03/06/2020

The recent news that the lockdown is being eased for certain businesses is good news. Unfortunately, there are many other businesses that are still closed and unable to trade.

And there is always a background risk that any relaxation of the lockdown will increase the number of COVID-19 infections.

The Government seem intent on easing the economic down-side of the pandemic and its likely that any reestablishment of tighter restrictions will be focussed on controlling local outbreaks.

In which case, it probably makes sense to minimise the risks by observing government guidelines regarding social distancing and other health and safety issues. The old adage, act in haste repent at leisure comes to mind.

Unfortunately, the distancing rules are going to reduce potential footfall for many shops that can now reopen. It's unlikely that window shoppers will have the patience to stand in a queue to take a closer look.

Dentists will have to reorganise waiting rooms and may have problems sourcing PPE.

Financially, many risks can be minimised by careful planning. Readers who can now reopen their doors to business should do so after considering the financial implications. We can help. Please call if you would like to consider your options. 

There is the potential that present changes may result in future, backward changes. Fingers crossed that this is not the case.

 

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McAllisters is a partnership trading from Paxton House, 11 Woodside Crescent, Glasgow providing accountancy and tax services and general business advice and is a member of ICAS (Registration No 0342) and an FCA exempt professional firm (No 301235). Its VAT number is 261 3019 94

McAllisters (Scotland) Ltd is a related business providing tax and business advisory services to McAllisters and its clients. McAllisters (Scotland) Ltd is registered in Scotland (Registration number SC146856). Its VAT number is 624 0564 62.

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