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Businesses to suffer if recovery loan scheme not amended

Azets has warned that businesses are to face serious funding problems unless the recovery loan scheme (RLS) is not extended and if banks continue to refuse transfers outstanding coronavirus business…
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Travel sector insolvencies rise 17%

The UK travel industry has seen a 17% rise in insolvencies in the last year despite the industry finally opening-up According to data by the audit, tax, and advisory firm…
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VAT policy and sustainability

The Chancellor’s Autumn Budget highlighted the need to move the economy on from the effects of Covid-19 and began to explore new opportunities to change the tax regime following Brexit.…
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Evaluating business performance

To succeed in business requires good strategic decisions, informed by in depth understanding of your own business performance and the wider market. Evaluating business performance doesn’t need to be overly…
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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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