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The last virus blog post

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With Lockdown lifting and the stock markets – perhaps irrationally – well on the way to recovery, it seems appropriate to write one last Coronavirus blog post.

We are of course privileged to have a business that can run under Lockdown and for that I am extremely grateful.  I know all the money we spent on amazing IT over recent years really helped, but fundamentally ‘giving advice’ is something that can be done remotely if necessary. There are so many businesses out there where this simply isn’t the case which must be heart-breaking for everyone concerned.

Dave’s coronavirus blog post 12

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After my somewhat downbeat last post, I’m pleased to say I feel more positive this week.

Despite what I said earlier in the my posts, we are entitled to the small business grant (link) notwithstanding sub-letting a room via Regus.  It took some effort to get hold of the council and after making no progress, I got my MP involved who helped expedite matters.

Dave’s coronavirus blog post 11

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I have really felt the pressure of being under lockdown over the last few days.

The weekend was lovely, helped by the continued blue sky and sunshine.  I was hoping this week would allow me to make some good progress on that long list of things to do, but it just hasn’t happened despite trying really hard.

Dave’s coronavirus blog post 10

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We are now half way through April, and so far 2020 has flown by.

I’ve a real mixed bag of emotions to talk about today.  Over the Easter weekend I spoke with several friends whose businesses are on their knees. There is no sign of the promised support from the Government, because it’s just taking so long to actually get the forms, or speak to someone or whatever is it that is actually needed to get the grant, or a loan. These are people who know what it is like to work hard and it’s heart breaking for them to sit on their sofa at home, wanting to get stuck in and rescue their business but not being allowed to. This stress then leads directly to a sudden loss of income whilst at the same time having to pay their business and personal bills is beyond words. All I can do is listen and try to keep their spirits up.

Dave’s coronavirus blog post 9

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Me again!

Several really nice things happened yesterday. Two clients got in touch out of the blue to check how WE were faring. Not the business, not their investments, but how my team & I were coping. What an absolutely lovely thing to do. We were chuffed to bits.

Dave’s coronavirus blog post 8

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A fairly short one today.

We managed to complete the task of writing to every one of our fee paying clients with an update yesterday, which means it took 6 working days. The letter was on top of various other communications we’ve issued since the virus shook the financial markets in late February. We’re very pleased with that. We’ve also had some really nice feedback from clients too.

Dave’s coronavirus blog post 7

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The lovely warm weather in Kent made Sunday in particular feel like it was a mid-August, and that we’d probably be whizzing off on holiday sometime soon.  In fact we were supposed to have flown to The Highlands on Sunday for a week away from the usual day to day routine.  Oh well, this time next year maybe?!

Dave’s coronavirus blog post 5

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As well as reacting to the economic turmoil, we have to carry on running Gibson Lamb too. It’s our business year end on 31st March so I’ve been getting the accounts in order, and one of our crucial (and obligatory) insurances – Professional Indemnity – comes up for renewal on 31st March as well.

Dave’s coronavirus blog post 4

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My legs ache, which means the new exercise regime associated with ‘stay at home living’ is reaching areas not usually reached!

Yesterday was the busiest day since this crisis started, with every email answered seemingly generating two new emails. The phone was ringing a lot too, and occasionally I struggled with ‘bandwidth’ on the office phone via my PC, but I reverted to using my traditional home phone instead. 

Dave’s coronavirus blog post 3

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I’ve just been out to post a tax year end letter and go for a jog in the sunshine, with the former being urgent work as far as I’m concerned and the latter my ‘out the house exercise’. Did I make a strategic error there, combining the two?

Dave’s coronavirus blog post 2

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Boris has announced the inevitable shutdown, so I’ve collected a few bits from the office to make my home set up slightly better but I’m lucky to have a pretty good configuration already. I will miss my standing desk though, so need to work on a way to replicate it in a home environment.

Our Autumn Statement 2016 Summary

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Yesterday Philip Hammond, delivered his first and last Autumn Statement. Much has been written since about his attempts to ensure Britain is – in his words – “match-fit” in time for the triggering of Article 50 early next year. And while we all hope that the Great British economy is more Andy Murray than Wayne Rooney on that fateful day, rather less has been written about how the announcements might affect your finances.

The Summer Budget: July 2015

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George Osborne delivered the first Conservative Budget in almost 20 years and took decisive steps towards cutting a further £12bn from welfare spending.

This was positioned as a Budget for working people. It carried three main themes of higher wages, lower taxes and lower welfare spending.

The Government’s stance is clear: the best way out of poverty is through work. He delivered on the Conservative manifesto pledge of a higher inheritance tax threshold for family homes valued up to £1m, which will be funded by cutting the tax relief on pension contributions for higher earners.

This is our understanding of the main announcements as they relate to personal financial planning and, as always, the devil could well be in the detail which hasn’t actually been published yet.