Jon Collenette offers a personal view on common themes of discussion with clients about how they are coping with the current COVID lockdown in Guernsey and the effect this is having on their businesses. Jon is a chartered accountant and was appointed as a director of Collenette Jones in 2002, having joined the business in 1998.

We have spoken to many clients over the last couple of weeks, and it is clear that many individuals and business owners in the Island are extremely concerned about the future given the island lockdown and the effects of Covid-19, but specifically short term cash flow.

“There is a curse. They say: may you live in interesting times.” – ref Terry Pratchett, Interesting Times. We’re working hard to make sure that from the point of view of EVERYTHING we do they are not interesting or uncertain times.

Are you looking to set up a Guernsey Retirement Annuity Trust (“RATs”)? Or are you and friends / colleagues presently Trustee of your own RATs and want to get it looked after professionally? Or have you been informed by your current professional trustee that it no longer wants your business? Read on to find out more...

Whether or not you agree with this statement (and let’s be honest, there are probably not many people that do) it has at least encouraged you to read this far.