Your Business Matters

Thank you for taking the time to read my newsletter.

About once a week I will pick various topics and add valuable advice
to help you and your business achieve excellence.

Enjoy the newsletter and look forward to catching up soon

PS – Each week, I will also try and share a success story or coaching
video from the ActionCOACH UK team – which showcases some of
the great results that are achieved, when working together with a
business coach.

Business Focus 2021 #1

Your Business Matters Christmas Issue

Your Business Matters Issue 30

Your Business Matters Issue 29

Your Business Matters Issue 27

Your Business Matters Issue 25

Your Business Matters Issue 23

Your Business Matters Issue20




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This year, Financial Planning Week runs from the 5th to 11th October. Mazars have supported this national initiative, led by Chartered Institute for Securities and Investment (CISI) for eight years now offering individuals free one-hour consultations across the country.

These sessions are for anyone that would like to talk to an adviser about their personal finances, whether that’s about their retirement plans, savings and investments, optimising tax efficiency, or simply to get some peace of mind about their family’s financial security.

Due to the ongoing pandemic, these sessions will be run through Zoom and Teams virtually at a time and date suitable to you and your local Mazars advisor.

To book a free initial consultation, click here.

Financial Planning Week aims to raise awareness of the importance of financial planning and to help people nationwide organise their finances to achieve their future financial goals.

Watch out for daily financial planning videos and top tips on Mazars UK social channels throughout the week and please also follow and join the conversations online using the hashtag #FPWUK #AskMFP



The Chancellor Rishi Sunak has announced a range of measures

designed to fire up the economy, get people into work (or back to work) and out spending so that society starts to operate again.

To view our commentary which covers updates on employment topics, changes to Stamp Duty Land Tax and the VAT rate cut to stimulate UK hospitality and tourism, please click on the link below:

 Summer Statement 2020 – Commentary and analysis

We understand this is a challenging time and often the advice being issued does not answer all the questions you may have, so please do not hesitate to get in touch with your usual Mazars contact or send an email to

Coronavirus Job Retention Scheme update

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On 29 May, The UK Chancellor announced changes to how the CJRS arrangement will work for businesses who have furloughed employees. The CJRS arrangement has helped the UK mitigate the need for wide-scale redundancies with over 8m employees and 1m businesses using CJRS to keep employees in a job and keep their business going.

We set out below the main announcements:

What is not changing?

  • There are no changes to the scheme up until 31 July 2020 – therefore employers will receive the same support as they currently do – 80% of pay up to a maximum of £2,500 per month, plus associated pension and employer NIC costs.

What is changing – a timeline

  • From 1st July 2020 – “Flexible Furlough” will be introduced, which means a CJRS grant can be claimed for the days an employee is on furlough even if they return to work for certain days (e.g. on furlough for three days of the week and working two days). This introduction of the Flexible Furlough means that CJRS cannot be used for anyone who has not been furloughed before 10th June 2020.
  • From 1st August 2020 – whilst the employer will still be able to claim a CJRS wage grant of up to £2,500 (or 80% of pay if lower) per month, the additional CJRS pension and NIC support will stop.
  • From 1st September 2020 – The employer will be required to pick up 10% of the CJRS wage costs, with the Government’s contribution, therefore, reducing to 70% (maximum of £2,187.50)
  • From 1st October 2020 – The employer will be required to pick up 20% of the CJRS wage costs, with the Government’s contribution, therefore, reducing to 60% (maximum of £1,875).
  • The CJRS arrangement is due to come to an end completely on 31st October 2020.

Next steps and observations

The announcement demonstrates that the Government is keen to continue to support businesses and also help get individuals back to work as smoothly as possible.

Unlike other countries, who have boosted unemployment benefit (and seen significant increases in unemployment), the UK has focussed on reducing the need to make redundancies by utilising the CJRS scheme, which has kept unemployment lower.

The gradual changes announced by the Chancellor will help employers manage costs but it will be important that employers also plan ahead by reviewing workforce strategy, reward and how their business is going to operate in a new environment given the altered climate we now find ourselves in.

The announcement does, however, make an already complicated arrangement (anyone who has done the calculations for CJRS will have the experience to back this up!) more complex. Areas that will need careful attention include:

  • The need to assess the grant claim over different pay periods (weekly / monthly);
  • Being able to identify qualifying employees, particularly given the introduction of the Flexible Furlough;
  • Assessing the interaction with the reduction in Government contribution from 80% to 70% and then 60%.

It is expected that further detail will follow to help employers carefully navigate the changes and we will be supporting employers with their calculations, strategy and business assessments as we move out of the Covid-19 lockdown.

As part of these details, it is also hoped that further guidance will be provided on the interaction between PAYE/NIC deferrals and the CJRS arrangement – our recent article provided an update on this following discussions with HMRC.



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Coronavirus ‘super lab’ to open at Cheshire’s Alderley Park within days

A Covid-19 testing lab is being set up at Alderley Park and needs volunteers and equipment. If you think you can help please have a look at the job opportunities and equipment list needed below:

They are looking for volunteers (particularly those who have PCR experience) who should sign up here

They also are seeking donations of the following kit

  1. Kingfisher Flex 96 Head
  2. Integra automated liquid dispensers
  3. Hamilton Star/Starlet dispensers
  4. Automation-friendly BSL cabinets
  5. TF 7500 FAST PCR machines


To read more about this, and for further information click here


Support for businesses through the Coronavirus Business Interruption Loan Scheme

A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch next week to support primarily small and medium sized businesses to access bank lending and overdrafts:

  1. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs.
  2. The government will not charge businesses or banks for this guarantee, and the Scheme will support loans of up to £5 million in value.
  3. Businesses can access the first 6 months of that finance interest free, as government will cover the first 6 months of interest payments.

Further details, including on the lenders providing access to this scheme will be announced and the scheme will be available from early week commencing 23 March 2020.


Businesses that have cover for both pandemics and government-ordered closure should be covered.

As the government and insurance industry confirmed on 17 March 2020, that advice to avoid pubs, theatres etc could be sufficient to make a claim.

Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy.

Most businesses are unlikely to be covered, as standard business interruption insurance policies are dependent upon damage to property and will exclude pandemics.

For more advice contact Lisa Petherick of insurance Gold partner, Konsileo at