COVID-19 Updates To Help You And Your Business

Here is a quick update on what measures the government has announced to support people, jobs and businesses in this current climate.

For the first time in our history, the government is going to step in and help to pay people’s wages. A brand-new Coronavirus Job Retention Scheme has been introduced with the hopes of saving many jobs by paying staff even if the company does not have the means to. Government grants will cover 80% of the salary of retained workers up to a total of £2,500 a month, and employers are able to pay the remaining 20% if they are able to. Any employer in the country – small or large, charitable or non-profit – will be eligible for the scheme. If you need assistance getting your accounts in order to present to HMRC for this scheme, contact us on 02085300720 for more information.

 

Last week we wrote an article of the brand new, beneficial Coronavirus Business Interruption Loan Scheme, which you can read here. This small business loan will now be interest free for an entire year (12 months) which will help a great deal of businesses who have uncertainty regarding cashflow. This is available from today (23/03/2020) and the banks will treat them the same as any other loan. So, your accounts need to be up to date, you will need to have a business plan in place, and you need will need forecasts. All things that our strategic consultancy team can help you with. Let us work with you to find the best solution for you and your business.

 

The government is deferring a whopping £30bn of taxes until the end of the financial year. A deferral of VAT payments has been introduced until the next financial quarter. This means no business will pay any VAT from now until the end of June; and you will have until the end of the financial year to repay those bills. The ‘VAT holiday’ will hopefully give your business valuable breathing space to commit to other issues. However, they will still need to be filed. If you would like more information on this, contact us on enquiries@nordens.co.uk

 

A small comfort for those who work for themselves as, every self-employed person can now access, in full, Universal Credit at a rate equivalent to Statutory Sick Pay for employees. This equates to £94.25 per week. The government has put together a package of measures to support the self-employed and freelancers, offering improved benefits and tax deferrals.

 

Every day of the week there will be new announcements made on what plans are in place to help you and your business. Please look very carefully at that support and discuss your options with us before making decisions to lay people off. We appreciate that each business has its own unique circumstances so once you have read through this, feel free to contact one of our highly skilled business advisors for further guidance on the next steps that are suited to you and your business. Contact us on 02085300720 or email enquiries@nordens.co.uk

 
Beyond Accountancy

At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.

Nordens Strategic

Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.

Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.

Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.

Accounting 2 You

Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.

Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.

With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.

Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews

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Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

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Jamie Brown

Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

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Simon Rose

Director - Rose Opticians

I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

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Rebecca Bossick

Founder & Director - Physio LDN

Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

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James Aconley

Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

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Christopher Wilce

Founder - Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

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Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

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Tony Charles

Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

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Peter Horlock

Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

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Simon Cushing

Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

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Andrew Martin

Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

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James Robinson

Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

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  Why I Founded Nordens
Accounting 2 You

In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

Mark Norden Signature

Mark Norden
Founder

We're Professionally Certified

Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!