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Latest ONS data shows that the amount of businesses’ workforce on furlough leave increased by 10.6 percentage points to 18.3% between October 2020 and January 2021.

Commenting on these statistics, Tania Bowers, Legal Counsel and Head of Public Policy at the Association of Professional Staffing Companies (APSCo), said, “This increased reliance on the furlough scheme in the lead up to the national lockdown at the beginning of the year demonstrates how important Government support schemes are at the moment. As we near the Chancellor’s budget announcement, APSCo hopes that Rishi Sunak takes these latest figures into consideration and ensures that aid for struggling businesses and employees isn’t removed too quickly.

“The ONS data is already revealing a concerning rise in job losses, with the UK redundancy rates during the pandemic increasing faster than during the 2008 to 2009 economic downturn. In order to provide security for firms and prevent employees, workers and the self-employed from facing a ‘cliff edge’, it’s crucial that support isn’t prematurely or suddenly withdrawn and is, instead, wound-down in a structured way.”

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

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Bowers added, “The on-going roll out of the vaccine is providing a level of encouraging optimism, but this positivity won’t translate into a return to ‘business-as-usual’ for some time yet, and the UK’s organisations need support that flexes with the changing landscape. There have already been a number of challenges from firms seeking access to aid – with some businesses, including staffing firms, facing difficulties accessing Government-backed finance through the Coronavirus Business Interruption Loan (CBILS) and Bounce Back Loan schemes. If companies are to stay afloat in these difficult times and be in the best possible position for recovery in a post-Covid world, they will need sufficient aid to safeguard their company and their people.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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