An accountancy firm is offering support to businesses as they deal with the economic fallout of the coronavirus pandemic.

The Government has announced a raft of changes and billions of pounds worth of funding to help shore up small businesses.

At the same time, Lamont Pridmore has prepared a number of articles for local businesses, including a business continuity toolkit.

Chief executive Graham Lamont said: “We have been doing whatever we can to help the businesses we work with during these uncertain times by offering support and advice.

“The fact that we employ systems that allow our team and our clients to work remotely, means that whatever restrictions are in place we can continue to deliver a consistently high level of service and advice.

“It is really important that businesses take the time to speak with an accountant and find out what options are available to them to cut costs or make the most of the new measures that the Government is introducing.”

The firm said many of the steps taken by Government were welcome but in reality many businesses might have to take additional steps to maintain cashflow.

Graham said: "Businesses cannot rely on this help alone and need to consider what other options are available to them, including cost-cutting measures.”

He said businesses should consider the deferment of tax payments and take advantage of Time to Pay arrangements.

HMRC may even waive interest and penalties on late payments for struggling businesses, he added.

Click here to visit the toolkit