Getting prepared for the financial challenges after lockdown

Posted on 26 May, 2021

It is vitally important as we come out of the year-long lockdown and hopefully into a brighter future, that businesses are fighting fit and ready to take on new challenges and opportunities ahead. In simple terms, it’s a case of

Pension reforms to cut fees and prevent loss of small pension pots

Posted on 25 May, 2021

Major pension reforms will help avoid the “erosion” of small pension pots and protect savers, the Government has suggested. It comes after the Department for Work and Pensions (DWP) revealed plans to introduce a threshold of £100 or below which

Around 100,000 businesses “yet to register” for Making Tax Digital for VAT

Posted on 24 May, 2021

Around 100,000 VAT-registered businesses have yet to register for Making Tax Digital for VAT, the latest figures have revealed. The research comes after HM Revenue & Customs (HMRC) wrote to businesses reminding them of their obligations.

SEISS grant – what does the term “adversely affected” mean?

Posted on 21 May, 2021

To apply for grant funding through the latest round of the Self-Employed Income Support Scheme (SEISS), self-employed workers need to consider and be able to demonstrate that their income has been ‘adversely affected’ by the Covid-19 pandemic as part of

Effective approaches to pricing

Posted on 19 May, 2021

Pricing a product or service can be a challenging task for any business, especially with the increased competition that many companies now face.  The growth of online sales and the diversification of many markets means that it has never been

UK set to upgrade free trade deals with Canada and Mexico

Posted on 18 May, 2021

The UK is set to sign an upgraded free trade deal with Canada and Mexico which will see “even greater opportunities” for UK businesses in industries such as digital, data and services, it has been revealed. The Department for International

Directors of dissolved companies could be made liable for claims, Government reveals

Posted on 17 May, 2021

Company directors who misuse the dissolution process could be made personally liable for claims against their former business, it has been revealed. The new legislation, announced last week, is designed to close a legal loophole that allows directors to dissolve

New tax surcharges for late payments

Posted on 14 May, 2021

In the 2021 Spring Budget, the Government announced a new penalty and interest regime to replace the VAT default surcharge.

Keep a clear focus on cash flow problems

Posted on 12 May, 2021

Cash flow is an important factor in running your business. Not having sufficient money coming in and having too much money going out of a company is a recipe for business failure.  During times of significant economic slowdown, such as

“Prepare” for Bounce Back Loan repayments, ICAEW warns

Posted on 11 May, 2021

Businesses who borrowed cash under the Bounce Back Loan Scheme (BBLS) should “prepare” for repayments from this year, a major regulator has said. The Institute of Chartered Accountants in England and Wales (ICAEW) said borrowers impacted by Covid-19 should consider