In-house finance teams could be a thing of the past with 33% of business leaders and employees seeing external expertise as essential for businesses to thrive after the Covid-19 pandemic. New research by consultancy and advisory firm Theta Global Advisors found that expertise and leadership within businesses is gradually shifting towards a greater reliance…
Read more
As the pandemic continues to hit business, over 8,700 chain stores disappeared from retail locations in the first six months of 2021. In total, 3,488 shops opened, compared to 8,739 closures, creating a net decline of 5,251, according to PwC research compiled by the Local Data Company (LDC). However, there was some reprieve for both…
Read more
HMRC has updated the guidance covering the Coronavirus Job Retention Scheme (CJRS) to include a section on what happens when the scheme ends The CJRS is due to end on 30 September 2021. For claims relating to August and September 2021, the government will pay 60% of wages up to a maximum cap of £1,875…
Read more
Companies House urges businesses who are due to file accounts by the end of September to do so as soon as possible through its online service. The government department has stated that it is continuing to follow Covid-19 government guidelines to work safely which means that it could possibly take longer to process paper documents…
Read more
Insolvency and restructuring trade body R3 is urging directors of Covid-hit businesses to use the final month of the government’s furlough scheme to plan for the future and address any financial issues they face. The furlough scheme ends on 30 September, and employers have until 14 October to claim wages for staff who have…
Read more
Previously accepted comparables used for establishing a company’s transfer pricing policy might not be comparable due to the impact of the pandemic, warn David Whitmer, transfer pricing practice leader and Srinidhi Tuppal, transfer pricing manager at Kreston Global With only over 13% of the total world population fully vaccinated against the Covid-19 virus, the world…
Read more
Late payment continues to be a chronic problem small enterprises face. As the business community looks forward to a post-pandemic trading landscape, we look at what practical steps can be taken to reduce instances of late payment. For small enterprises, in particular, navigating the pandemic has been challenging to say the least. Ensuring a stable…
Read more
Half of UK SMEs, 56%, expect to recruit more staff over the next year with 60% of SMEs intending to invest in their businesses, with only 20% intending to borrow, according to the Azets’ SME Barometer. A survey by UK accountancy firm Azets found that 68% of SMEs feel positive about the economic outlook…
Read more
Around 660,000 jobs will likely still need furlough when the scheme ends in September with thousands being pushed into unemployment if the government doesn’t extend it past the deadline The analysis from the New Economics Foundation (NEF) found that the additional 20% employer contributions towards furlough wages at the start of August will not be…
Read more
Almost three million people have moved off the furlough scheme since March as the economy began to recover and businesses reopened The latest figures show that 1.9m people remained on the scheme at the end of June, more than half a million fewer than the 2.4m at the end of May. At the end of…
Read more
