Many businesses have been handicapped by the hard lockdown and other quarantine measures imposed by governments around the world. In the coming months, businesses may find it difficult to manage their accounting process due to the disruptions in our day-to-day life. Now may be the best time to consider outsourced accounting services.
Owing to the massive scale of economic disruption wrought by the Coronavirus pandemic, many businesses around the world are struggling. For some businesses, hiring a virtual chief financial officer (CFO) can help keep their business afloat.
A series of financial assistance programs have been launched by the British government for businesses in light of the pandemic. Coronavirus support for businesses are provided by the HM Revenue and Customs (HMRC) and partner banks of the government.
In March, a whopping $2 trillion economic stimulus bill was enacted by the US Senate to aid millions of businesses that have been hit by the pandemic. What are the provisions of this Coronavirus relief for businesses?