COVID-19: Helping to keep your business moving

Although we are currently unable to provide a physical presence, rest assured that we are still open and continue to adapt our services and products to ensure we continue to support you and your practice.

Below you will find information of relevant services to help you during this period and a number of free resources, podcasts, blogs, guides and much more. These are updated regularly so make sure you visit this page again soon.

If you have any queries please contact us via your preferred way.

Mercia Live

We have adapted our training and created our virtual classroom solution

 

Find out more

Products and services to help you during this time

The Winter Economy Plan


Make sure your clients are aware of the key measures announced in the Winter Economy Plan and what they could mean to them by using this content to update your website, attach to an email or send in the post.

COVID 19 Job Retention Scheme Phase 2 - The New Rules Explained


This webinar focusses on the essential core aspects of this flexible furlough phase and other recent developments in guidance and legislation which have occurred since the first recording in late April but will include core elements of the framework to assist in understanding.

Mercia Live


We have adapted our training and created our virtual classroom solution - Mercia Live. We're committed to supporting your learning and development during these times and we are now able to bring you the latest accountancy, audit and tax update and hot topics, straight to you at home.

Peer Reviews COVID Support


We have decided to move our onsite peer reviews to remote reviews until further notice, to help you still comply with the various regulatory requirements – even when your practice is working from home. If your firm has an onsite review scheduled in between now and September 2020, we will contact you separately to discuss how we can undertake the review remotely and the options available.

COVID-19 Technical Resource Package


Our package has been designed to help you keep up to speed with the latest business and individual impact of COVID-19 related announcements and legislative changes. Access a range of resources including podcasts, videos, blogs and much more.

Client Letter - Eat Out to Help Out


In the Summer Economic Update, the Chancellor set out some key measures to help protect jobs and growth in the hospitality sector

Client Letters - Tax relief for employees and self-employed who are working from home


For many workers, working from home has become widespread and may continue to be so after the end of lockdown. Employers may be considering how to change working patterns for their staff in the longer term.

Summer Economic Update 2020


Our summary provides an overview of the key announcements arising from the Chancellor’s speech, focussing on creating and protecting jobs.

Mercia Live

We have adapted our training and created our virtual classroom solution

Find out more

Free resources, podcasts, blogs, guides and more

Blog

Accountancy services funded by the government?

This blog talks about the new funding scheme for SME's and how it might affect you and your business.

Blog

New grants for businesses affected by local lockdowns

The Government has announced that businesses in England that are required to shut because of local lockdowns will now be able to claim up to £1,500 per property every three weeks.

Blog

So no Budget for the time being

The Chancellor has announced that there will be no Budget for the time being but has outlined what he has called The Winter Economy Plan to deal with the effects of coronavirus on the economy.

Blog

COVID-19 reporting for academy trusts

The ESFA has issued a supplementary bulletin, to go alongside its 2020 Accounts Direction, that provides guidance on academy reporting in connection with COVID-19.

Podcast

Job Retention Scheme

The Chancellor announced the Job Retention Bonus scheme in the Summer Statement and some more guidance has now been issued.

Podcast

COVID-19 Management Podcast - Episode 3

Our latest episode focuses on wellbeing - including managing your own wellbeing, supporting your team and staying resilient.

Podcast

COVID-19 Management Podcast - Episode 2

This episode focuses on supporting clients.

Podcast

COVID-19 and Professional Indemnity Insurance

In this episode we invite Johnathon Filer from Brunel Professions to discuss COVID-19 and how this has effected PII’s.

Podcast

COVID-19 Management Podcast - Episode 1

This episode focuses on personal productivity and motivation.

Podcast

Eat Out to Help Out

Covid19 - An overview of the eat out to help out scheme.

Blog

Eat Out to Help Out

Chancellor Rishi Sunak presented a Summer Economic Update on Wednesday 8 July 2020 which set out the government’s Plan for Jobs.

Blog

State aid and the COVID-19 support packages

The rules relating to State aid are applicable to all European Union (EU) member states and ensure no one business or group of businesses are selected to receive an unfair financial advantage by their own government.

Blog

Mercia Live: The past, the present and the future

Following on from the launch of our Mercia Live programme (just two days after social distancing restrictions were announced), we have now almost 400 virtual classrooms planned, with over 10,000 delegates expected. Find out more about Mercia Live in our latest blog.

Blog

Could the COVID-19 pandemic improve narrative reporting by SMEs?

Unless they qualify as small or micro entities, all companies are required to present a strategic report each year that is published alongside its financial statements. This report should provide additional commentary that aids understanding of the results presented by the accounts and offer insight into the key risks being faced by the company. 

Blog

Drafting the audit report in uncertain times

The COVID-19 pandemic has highlighted a range of reporting issues, all of which ultimately result in the same issue – what are the implications for the audit report, if any? 

Blog

Why is now a good time to review your website and branding?

The recent global pandemic of COVID-19 has meant businesses around the world have had to quickly adapt and change how they operate. Whether it is simply having to work remotely as a team and with your clients, or changing your digital solutions to ensure you can meet your client requirements. Making sure your business is the best it can be not just now, but for the future, is vital.

Blog

VAT on electronically-supplied Publications

From 1 May 2020, electronically-supplied publications are to be zero-rated. Previously, only tangible, printed publications could qualify for zero-rating. This changed was planned to take effect from 1 December 2020, but is has been brought forward due to the coronavirus pandemic.

Blog

COVID-19 and company administrative matters

We currently live in extraordinary times, the way that the COVID-19 has impacted our lives has been swift and far reaching, but there have been a number of announcements made in recent weeks aimed at providing some form of clarity and guidance for accountancy and audit firms.

Blog

Leading through change - effective leadership during COVID-19.

Implementing change is arguably one of the most complex things a leader can do. We share some key guidelines to help you lead effectively through change and navigate your practice through these uncertain times.

Blog

Academy external auditors and internal scrutiny work

The new Ethical Standard 2019 places additional restrictions on the services that an external auditor can provide to their audit clients.  This includes an outright prohibition on the ability to provide internal audit services.  This change will have significant implications within the academies sector, where many firms of external auditors have been providing services akin to internal audit for some time.  This Q&A looks at some of the changes required as a result of the new prohibition.

Blog

Effective communication during uncertain times

Effective communication is key to building and maintaining positive client and colleague relationships. We share some simple tactics to keep the lines of communication open with your clients and colleagues during these uncertain times.

Blog

COVID-19 Auditing issues - attending stocktakes

Whilst we’re starting to adapt and cope with the extraordinary times we are now working in, there are questions emerging about how the disruption to our usual working practices, and specifically the guidance to not travel unless essential, will impact on current and upcoming audit engagements.

Blog

Staying connected and surviving COVID-19

We understand the importance of remaining connected to your clients, and now, more than ever, having a robust online strategy is critical in order to keep things moving forward. Reaching clients digitally to help to keep your businesses moving.

Blog

Guide to Working From Home

Working from home is not easy and it can be even harder on your team. But if you take the right approach with your team then it can lead to increased productivity and actually serve to improve communication.

Guide

Guide to Microsoft Teams

Do you use Microsoft 365 in your day to day? Microsoft teams is a really useful piece of software that helps with team collaboration. It works with Skype, Outlook and other Microsoft services.

 

Blog

Looking after wellbeing

The impact that this extended period of isolation can have on our mental and physical health is often overlooked. We look at some proactive steps we can all take to look after our wellbeing.

Blog

Summer Economic Statement: “A Plan for Jobs”

The Chancellor of the Exchequer Rishi Sunak presented his ‘Plan for Jobs’ to Parliament on Wednesday 8 July 2020 to outline how the government will boost job creation in the UK.

Blog

COVID-19 Auditing issues - Going concern

Firms are rightly concerned about signing off assignments where coronavirus could have a serious effect on the ongoing activities of an organisation.

Blog

COVID-19 and the impact on FCA-regulated CASS audits

The latest in a stream of published guidance for auditors reeling from the seismic impact of the COVID-19 lockdown on their work concerns client asset (CASS) audits for FCA-regulated business including brokers, asset managers and investment advisory firms.

 

Blog

The temporary reduced rating explained

From 15 July 2020 until 12 January 2021 certain supplies of hospitality, accommodation and admission to attractions will be subject to VAT at 5%.

Blog

Job Retention Bonus

The Chancellor announced the scheme in the Summer Statement and some more guidance has now been issued. Further detailed guidance will be issued by the end of September.

Blog

SEISS – are your clients eligible for a second grant?

From today 17 August 2020, the self- employed will be able to claim a second support grant. This is deemed to cover the period June July and August.