{"id":2444,"date":"2021-06-04T15:24:29","date_gmt":"2021-06-04T14:24:29","guid":{"rendered":"https:\/\/kirkwoodwilson.co.uk\/?p=2444"},"modified":"2021-06-04T15:24:29","modified_gmt":"2021-06-04T14:24:29","slug":"business-recovery-planning-how-your-local-accountants-can-help-your-business-get-back-on-track","status":"publish","type":"post","link":"https:\/\/kirkwoodwilson.co.uk\/business-recovery-planning-how-your-local-accountants-can-help-your-business-get-back-on-track\/","title":{"rendered":"Business recovery planning: How your local accountants can help your business get back on track"},"content":{"rendered":"\n
Business recovery<\/a> plans are the plans used by the operational teams of a business following an incident which affects their ability to operate normally. They usually consist of contingencies for core processes, plant and assets, business partners and human resources. They also include (but are much more comprehensive than) disaster recovery plans for information systems. Their main goal is to facilitate business continuity. <\/em><\/p>\n\n\n\n Business recovery planning covers all sorts of unforeseen events, from fires to floods to terrorist attacks, and therefore the plan is usually very broad in its scope. Where the assumption is a physical set back of some kind (like a flood or a fire), the business recovery strategy employed will be around buildings, equipment, etc. <\/p>\n\n\n\n However, the impact of COVID-19 has put many businesses, large and small, into positions where they have been trading at levels far lower than those required to make a profit \u2013 in some cases businesses in industries like hospitality have had to temporarily shut down. In both cases, although the government<\/a> has been supporting the wage bill through furlough, rent and other overheads have still been outgoing costs which have had to be covered in the meantime and businesses that are still operational have had to completely adjust working practices. <\/p>\n\n\n\n If you didn\u2019t have a business recovery strategy in place before Covid, it may be that you\u2019re thinking about putting one in place for future contingencies.<\/p>\n\n\n\n Realistically, as soon as possible after the event in question. It’s a potentially complex and wide-ranging strategy that can cover things as simple as where people can work from in lieu of the usual office space availability and getting business insurance claims started, through to IT backups, failover sites (digital and physical) and supplier failure contingency.<\/p>\n\n\n\n Having an accountancy business in place and ready to support you when you need it most is critical not only to ensure business continuity during what may be a financially tough time, but will also give you peace of mind that someone who knows your business is there to help. Accountants will be able to help with the following areas:<\/p>\n\n\n\n As local accountants<\/a> who specialise in healthcare and construction \u2013 including CIS \u2013 we have an in-depth knowledge of the kinds of issues that can arise in your industry and the types of support that you will need to get your business back on track. <\/p>\n\n\n\n We work closely with our clients to ensure we understand where your skills lie and where you might need us to step in during an emergency. For more information on how we can help your business recovery strategy take shape, get in touch on 01704 546 000 or email enquiries@kirkwoodwilson.co.uk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Business recovery plans are the plans used by the operational teams of a business following an incident which affects their ability to operate normally. They usually consist of contingencies for core processes, plant and assets, business partners and human resources. They also include (but are much more comprehensive than) disaster recovery plans for information systems. Their main goal is to facilitate business continuity. <\/p>\n","protected":false},"author":2,"featured_media":2445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[21,10,19],"tags":[34,33],"acf":[],"yoast_head":"\nWhy is a business recovery strategy high on today\u2019s agenda?<\/strong><\/h3>\n\n\n\n
When should business recovery planning be put in place?<\/strong><\/h3>\n\n\n\n
Where do accountants fit in with your business recovery strategy?<\/strong><\/h3>\n\n\n\n
How Kirkwood Wilson Accountants can help in your business recovery planning<\/strong><\/h3>\n\n\n\n