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Majority of businesses expect cyber security threat to increase

Two thirds (66%) of UK business leaders expect the threat from cyber criminals to increase over the next 12 months, according to the latest PwC cyber security survey The findings…
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Businesses fear Christmas trading disruption

The bi-monthly survey of 500 business leaders from accountancy firm revealed that a third of businesses surveyed expect to increase the prices of their goods and services as a direct…
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SMEs rate accountants as critical to their business

The overwhelming majority of SMEs say that their accountant plays a critical role in their business operation and is their first point of contact. The Count on Accountants research, conducted…
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£4.9bn of covid loans missed by ‘inadequate’ fraud prevention

The government’s measures to prevent fraud in its bounce back loan scheme (BBL) have been labelled inadequate by National Audit Office (NAO) and were introduced too late.   A report…
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Filing deadlines: December 2021

14 December     Corporation tax third quarterly instalment payment for very large companies with annual taxable profits exceeding £20m (reduced if company is a member of one or more 51% groups)…
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HMRC blocked £28m of furlough claims

HMRC stopped less than £30m worth of furlough claims in the first year of the Coronavirus Job Retention Scheme (CJRS) Figures obtained through a Freedom of Information (FOI) request revealed…
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Anti-money laundering monitoring results in £53m in fines

The latest Treasury figures on compliance with anti-money laundering rules shows that the total fines issued for breaching the rules was £53.2m in 2019/20, including penalties for professional service firms…
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Business optimism high despite low cash reserves

A third of UK owner-managed businesses report lower cash reserves now than when going into the pandemic but a worrying percentage do not plan to pay back covid loans. However,…
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HMRC staff unlikely to manage increased tax debt

With the UK’s tax debt more than double pre-pandemic levels, current staffing at HMRC is unlikely to be enough to manage the increased tax debt workload warns National Audit Office…
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How to improve cash flow and reduce risk

Making sure bills are paid on time is absolutely critical for any business wanting to improve cash flow and strengthen the balance sheet, explains Warwick Haycock, accounting software specialist, Access…
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