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Autumn Budget set for 27 October

The Chancellor has confirmed that government spending plans will be outlined at the Spending Review on 27 October alongside a second Budget This will be the second Budget of the…
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Finance teams could be set to go external

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.…
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1.25% tax increase to cover social care costs

The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will also rise. From next April…
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High street shop closure rate slows

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…
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Hospitality sector faces insolvency crisis

There has been a 65% rise in write-offs of loans to restaurants and hotels during the pandemic, with £99m written off by banks and other lenders in 2020/21, up from…
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End of furlough set for 30 September

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…
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Helping clients claim self-employed income support scheme (SEISS)

How can accountants help clients claim for SEISS? We have all witnessed the major disruption the pandemic caused to the economy and communities. One in 10 of the six million…
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Companies House urges businesses to file accounts early

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…
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Filing deadlines: September – December 2021

14 September    Deadline to claim CJRS for August 2021 claims 14 September   Corporation tax second quarterly instalment payment for very large companies with annual taxable profits exceeding £20m (reduced…
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Use final month of furlough to plan for the future

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…
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