Business | Retaining and hiring accounting staff hampered by skills gap

Just 14% of CFOs are confident that their finance function has the skills required to help their organisation grow and adapt over the next five years

11 Nov 2021

Business

Companies

Accountancy Firms

Careers

Business | Less than a third of businesses taking action to cut emissions

Less than a third of businesses plan on cutting their greenhouse gas emissions over the next year, despite the UK’s recent net-zero efforts, according to the latest research

10 Nov 2021

Business

Companies

Business | No action against directors of collapsed provider 3aaa

The Insolvency Service has concluded its inquiry into the collapsed apprenticeship businesses Aspire Achieve Advance (3aaa) with no sanctions imposed against its directors

10 Nov 2021

Business

Companies

Business | 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 interruption loan scheme (CBILS)

10 Nov 2021

Business

Companies

Business | Financial regulators to be given new powers post Brexit

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will be granted greater flexibility to update laws inherited from the European Union (EU) as part of the Government’s push to overhaul the financial industry after Brexit

10 Nov 2021

Business

Companies

Accountancy Firms

Finance | Boards call for urgent carbon reporting standardisation

Sage, The Association of Chartered Certified Accountants (ACCA), and the International Chamber of Commerce (ICC) has called on urgent action to be taken to standardise and simplify carbon reporting to help SMEs join the race to Net Zero

9 Nov 2021

Finance

Financial Reporting

Business

Companies

Accountancy Firms

Tax | Switch to remote working saved 500 HMRC jobs

HMRC’s 2020-21 annual accounts revealed that its redundancy programme was scaled back as a result of flexible working arrangements introduced in response to the Covid-19 pandemic

9 Nov 2021

Tax

HMRC

Business

Companies

Business | 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

8 Nov 2021

Business

Companies

Business | AIM merger and acquisition deals grow 155%

The values of merger and acquisition (M&A) deals on London’s alternative investment market (AIM) jumped from £3.3bn to £8.4bn in 2020-21

8 Nov 2021

Business

Companies

Business | MPs call for FRC inquiry into Liberty Steel over audit red flags

The Business, Energy, and Industrial Strategy (BEIS) Committee has called for an inquiry into Liberty Steel and Sanjeev Gupta’s role at GFG Alliance after identifying a ‘series of audit and governance red flags’

5 Nov 2021

Business

Companies

Business | 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

4 Nov 2021

Business

Companies

Business | Five more energy firms go bust

As the energy crisis continues to hit consumers, five more energy companies have ceased trading taking the tally of companies to have gone bust since the beginning of September to 17

3 Nov 2021

Business

Companies

Business | 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)

2 Nov 2021

Business

Companies

Business | Prosecutions of directors jump 205%

The number of company directors convicted of criminal activity during the Covid-19 pandemic has risen 205% to 122 in the year to 30 September, up from 40 for the same period last year

1 Nov 2021

Business

Companies

Business | 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? Michael Fiddy, partner, and Amy Halsall, associate, Mayer Brown, explain

1 Nov 2021

Business

Companies

Accountancy Firms

Restructuring & Insolvency