Maintaining the financial balance of your business can be particularly stressful when you have to cut down your work activity. You may be able to apply for a grant or be covered by income protection insurance, which may help bring in some money. Consider whether you can cut some spendings and reduce some costs.
You may have business debts or obligations to pay. Don’t ignore them, it will make things worse. It may be helpful to contact a specialist adviser. They can give you advice to help you discuss new repayment arrangements with your creditors. Contact Business Debtline.
If you’re concerned about your tax payment, contact HMRC. They can help you spread out installments over a longer period of time. You should contact your bank manager if you think you might struggle paying the money you owe. Under UK law, banks are not allowed to discriminate against disabled people or treat you less favorably because of a cancer diagnosis.
It may be a good idea to ask a bookkeeper or an accountant to look after your finances while you’re taking time off. They’ll help you save money effectively.