Business | ReSolve launches £100m SME-focused investment fund

ReSolve has signed a partnership with Roundshield to launch a £100m SME-focused investment fund that will help and invest in businesses hit by Covid-19

16 Apr 2021

Business

Companies

Business | Treasury Committee launches inquiry into Greensill lobbying

The Treasury Committee has launched an inquiry into the lobbying scandal over Greensill Capital and will publish its full terms of reference next week

15 Apr 2021

Business

Companies

Tax | HMRC to contact self employed claimants for grant four SEISS applications

As the fourth Self Employment Income Support Scheme (SEISS) is due to open for claims, HMRC has confirmed that it will be contacting eligible self employed individuals based on their tax returns in mid-April to give a date for making applications

15 Apr 2021

Tax

Personal Tax

HMRC

Tax Compliance

Business

Companies

Business | Change to rules on pre-pack sales to connected parties

The government’s new legislation and amendments to pre-pack Statements of Insolvency Practice (SIPs) will come into effect at the end of April 

15 Apr 2021

Business

Companies

Restructuring & Insolvency

Tax | Penalty rates for deferred VAT scheme set at 5%

HMRC has confirmed that companies will be liable for a 5% penalty or interest if they do not pay in full or make an arrangement to pay deferred VAT by 30 June 2021

15 Apr 2021

Tax

VAT

Tax Compliance

Business

Companies

Business | ‘No jab no job’ policy rejected by businesses reopening

Only a quarter of business owners have instigated the Covid-19 vaccination policy for staff returning to work reveals a report by the Forum of Private Business (FPB)

14 Apr 2021

Business

Companies

Finance | FRS 102: Covid-19 considerations for provisions and contingencies

Steve Collings FMAAT FCCA considers the implications of Covid-19 on accounting for provisions and contingencies under FRS 102 and FRS 105 

14 Apr 2021

Finance

Accounting Standards

Financial Reporting

UK GAAP

Business

Companies

Business | Small businesses confident financial performance will improve this quarter

Nearly two thirds of small business are feeling positive and expect their performance to improve this quarter, according to the latest Federation of Small Businesses (FSB) survey 

13 Apr 2021

Business

Companies

Business | England moves onto stage two of reopening roadmap

England moves onto stage two of its roadmap out of lockdown with the reopening of non-essential shops, grooming and hospitality today

12 Apr 2021

Business

Companies

Business | CFOs predict a stronger financial recovery for 2021

There is a record level of business optimism among the UK’s finance leaders with CFOs anticipating a strong recovery in profits over the next year, reported Deloitte’s UK CFO Survey Q1 2021

12 Apr 2021

Business

Companies

Leadership & Management

Business | 68% of SMEs negatively impacted by Covid cash flow crisis

Two thirds of small and medium businesses have had their cash flow negatively impacted by the pandemic, while 23% have been hit ‘very negatively’

9 Apr 2021

Business

Companies

Business | Recovery Loan Scheme opens for businesses to raise finance

Applications are now open for the £75bn Recovery Loan Scheme (RLS), the government’s latest covid-19 support programme, which provides financial support to businesses across the UK as they recover following the coronavirus pandemic

7 Apr 2021

Business

Companies

Accountancy Firms

Business | Fashion retailer Peacocks rescued from administration

The collapsed fashion retailer Peacocks has been saved from administration after a buyout from a senior executive and with backing from an international investment consortium

6 Apr 2021

Business

Companies

Restructuring & Insolvency

Business | Home testing kits for covid-19 rolled out

Everyone in England will be able to access two free rapid covid-19 tests a week from 9 April the government has announced

6 Apr 2021

Business

Companies

Tax | 10% of mid-sized business furlough claims incorrect

One in 10 (13%) mid-sized businesses who have reviewed their initial furlough claim found it to be incorrect, according to research from Grant Thornton

1 Apr 2021

Tax

Employment Tax

Business

Companies