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Furlough numbers at a record low in September

The number of people on furlough fell to a record low during its last month of operation with a further 210,000 coming off the scheme according to the latest figures…
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Half a million businesses in ‘significant financial distress’

The latest red flag research by Begbies Traynor recorded that 562,550 businesses were in ‘significant financial distress’ in the third quarter 2021 (Q3) The figures show that the numbers have…
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Winding up petitions: what you need to know

Pandemic crisis restrictions are beginning to be lifted but what are the changes and what can you do if a winding-up petition is issued against your business?  Surprisingly corporate insolvencies…
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Only 15% of accountancy firms have net zero targets

Only 15% of accountancy firms have set specific targets to be net zero compliant by 2050, finds research by the Association of Chartered Certified Accountants (ACCA) The global survey asked…
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82% of businesses want an expansion to Making Tax Digital

Around 82% of mid-sized businesses revealed that Making Tax Digital (MTD) for VAT has convinced them that further digitalisation will make the tax system more efficient According to research by…
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Autumn Budget 2021: annual investment allowance extended

In the Budget, the Chancellor Rishi Sunak confirmed measures to support business investment with changes to allowances and covid loans The government will extend the temporary £1m level of the…
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Companies House received record 11.3m digital filings

Companies House accepted 11.3m digital filings in the last financial year with the words ‘digital filing’ not even mentioned in last year’s annual report The last two years has seen…
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Defaults on business covid loans could reach £22bn

Almost a third of coronavirus business interruption loan scheme (CBILS) and bounce back loan scheme (BBLS) loans, amounting to £22bn, will go into default, claims ACP Altenburg Advisory The debt…
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How dividend tax rise hits small business owners

The government’s recent announcement that it would increase both the dividend tax and National Insurance by 1.25% has been described as another blow to business owners, particularly those that are…
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Accountants are anti money laundering ‘gatekeepers’, says ICAEW

The current anti money laundering (AML) regime’s main objectives fail to capture the important role the accountancy sector plays in acting as a ‘gatekeeper’ to the financial system and preventing…
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