AI completes in minutes what accountants took days says Croner AI chief, Council requests tax data to crack down on illegal Airbnbs, and Brewery honours Healey with Chancellor's Choice beer

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Image for covid 19 business disruption and frustration contracts

Business | Covid-19: business disruption and frustration of contracts

Many businesses will be looking at their contracts to check whether the pandemic can be used as a reason for failure to delivery or receive goods and services, but much will depend on how these contracts were originally constructed, says Gately Legal’s Rustam Roy

19 May 2020

Accountancy Firms

Image for covid 19 business loan scheme extended ps200m

Business | Covid-19: business loan scheme extended to £200m

The government has extended the maximum loan size available through the coronavirus large business interruption loan scheme (CLBILS) from £50m to £200m, but with restrictions placed on dividend and bonus payments by borrowers

19 May 2020

Accountancy Firms

Image for us regulator raps kpmg over exam cheating

Business | US regulator raps KPMG over exam cheating

The Securities and Exchange Commission (SEC) has settled charges against three former audit partners at KPMG’s US firm related to an exam cheating scandal

19 May 2020

Called to Account

Image for hmrc launch coronavirus statutory sick pay rebate scheme

Business | HMRC to launch Coronavirus Statutory Sick Pay Rebate Scheme

HMRC will launch an online service on May 26 for small and medium sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees

19 May 2020

Accountancy Firms

Image for covid 19 unemployment soared 21m april

Business | Covid-19: unemployment soared to 2.1m in April

The number of people claiming unemployment benefit in the UK soared to 2.1m in April, the first full month of the coronavirus lockdown, the highest level since 1996

19 May 2020

Leadership & Management

Image for qa restaurants providing delivered takeaway

Tax | Q&A: restaurants providing delivered takeaway

In our regular Q&A series from Croner Taxwise, VAT adviser, Priyesh Mistry explains the VAT implications of restaurants providing a delivery service, whether they need to account for standard rate VAT and the liability of the delivery fee

19 May 2020

18 May 2020

Image for covid 19 new insolvency rules will ease wrongful trading woes

Finance | Covid-19: new insolvency rules will ease wrongful trading woes

As the government reveals new insolvency rules to help more businesses avoid entering an insolvency process and weather the Covid-19 storm, Kate Rogers of Radcliffe Chambers looks at how they will affect struggling businesses

18 May 2020

Financial Reporting

Law and Regulation

Image for augean seeks ps11m landfill tax repayment

Tax | Augean seeks £11m landfill tax repayment

Augean, one of the UK's leading specialist waste management businesses, is seeking to claw back £11.1m of landfill tax it has paid, following successful legal challenges to HMRC rulings brought by other operators

18 May 2020

Image for covid 19 hmrc inheritance tax pause opens opportunity

Tax | Covid-19: HMRC inheritance tax pause opens opportunity

HMRC’s suspension of its inheritance tax investigations during the coronavirus crisis gives taxpayers an opportunity to get their affairs in order, said Pinsent Masons

18 May 2020

Image for covid 19 fca seeks business interruption insurance ruling

Business | Covid-19: FCA seeks business interruption insurance ruling

The Financial Conduct Authority (FCA) is urging SMEs who have experienced difficulties making claims under business interruption (BI) insurance policies during the pandemic to join its test case challenging insurers’ decision making

18 May 2020

Accountancy Firms

Image for dear ceo regulatory warning letters hit high

Business | ‘Dear CEO’ regulatory warning letters hit a high

A record number of warning letters were sent to the CEOs of regulated companies by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) last year, with numbers up by a fifth according to research by BDO

18 May 2020

Accountancy Firms

Image for charity watchdog probes peace tv funder

Finance | Charity watchdog probes Peace TV funder

The Charity Commission has opened a statutory inquiry into Birmingham-based Islamic Research Foundation International to examine continued concerns about the administration of the charity, which funds Peace TV

18 May 2020

15 May 2020

Image for divorcing professionals count cost lost career

Business | Divorcing professionals count cost of lost career

In a stand-out divorce decision, a former lawyer was successful in her claim for career sacrifice compensation. Kingsley Napley’s Stacey Nevin looks at lessons for other high earning professionals

15 May 2020

Image for covid 19 ps16bn package transport london

Business | Covid-19: £1.6bn package for Transport for London

The government has agreed a £1.6bn funding and financing bail-out package for Transport for London (TfL), which operates the capital’s tube and bus network, in order to safeguard operations and support gradual recovery from the Covid-19 crisis

15 May 2020

Accountancy Firms

Image for covid 19 managing stress during pandemic

Business | Covid-19: managing stress during the pandemic

Amid all the uncertainties and disruption caused by covid-19, an awareness of how your team is coping is all-important. Croner-i specialist Laura King looks at what managers can do to reduce stress for themselves and employees

15 May 2020

Accountancy Firms

Leadership & Management

Image for covid 19 over 55s exposed pension scams

Business | Covid-19: over-55’s exposed to pension scams

Taxpayers over 55 looking to supplement their income during and after Covid-19 by accessing their pension pots could be leaving themselves increasingly susceptible to scams, RSM has warned

15 May 2020

Image for efl football clubs suffer most financial distress

Business | EFL football clubs to suffer most financial distress

Just a handful of British clubs were in peril before the shutdown but majority now face unprecedented financial distress in wake of coronavirus pandemic, according to Begbies Traynor

15 May 2020

Restructuring & Insolvency

Image for regulator opens second inquiry connected birmingham charities

Business | Regulator opens second inquiry at connected Birmingham charities

The Charity Commission has opened a new statutory inquiry and appointed an interim manager at the Al-Hijrah Trust, which is connected to another charity with the same name, over concerns that charity properties are at risk

15 May 2020

Image for hmrc seeks chief digital information officer

Business | HMRC seeks chief digital information officer

HMRC is seeking a permanent chief digital information officer (CDIO) who will receive a salary of up to £200,000 and ‘a challenge like no other’

15 May 2020

Leadership & Management

AI completes in minutes what accountants took days says Croner AI chief, Council requests tax data to crack down on illegal Airbnbs, and Brewery honours Healey with Chancellor's Choice beer

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