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Business & Economy

Blu Sky Tax supports clients in navigating COVID-19

Blu Sky Tax, a chartered accountancy practice based in North Shields specialising in the tech and digital sector, has rolled up its sleeves to help clients and the wider community in these uncertain times

In recent weeks, Blu Sky Tax has hosted eleven webinars to support North East-based businesses who have been affected by the COVID-19 outbreak.

The webinars shared insights from a host of guest speakers and contributors, including British Business Bank, Colin Hewitt (CEO of Float), a co-hosted session with HR Dept, and Digital Union.

Further webinars this week include co-hosting with insolvency practitioners Robson Scott, sharing their expertise, and a re-invention of the ‘beers and ideas’ networking concept with a panel of clients who will discuss recent actions and experiences.

Blu Sky Tax has also continued to support clients based nationally, providing workshops and advice remotely to the likes of HyperHQ on the South Bank and WeWork Lab sites in London.

The firm has released weekly blogs summarising changes from the Treasury and HMRC across the board and with more focus on the specific support available and challenges for business, for example SSP changes, the Coronavirus Job Retention Scheme, self-employed income and managing your cash flow.

As a cloud based, paperless business, highlighted as Xero UK Mid-Sized Firm of the Year in 2018, the working practices of Blu Sky Tax already incorporated a remote/flexible working policy, and office doors have been closed for the best part of a month.

Although the firm has encountered new challenges to rise to, including management and communication processes adapted for the long haul, home working is very much business as usual.