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Image for covid 19 kicks ps2bn hole football club finances

Finance | Covid-19 kicks £2bn hole in football club finances

The world’s leading football clubs are set to miss out on over €2bn (£1.78bn) in revenue this season as a result of the economic and social disruption caused by the pandemic, according to analysis by Deloitte

26 Jan 2021

Business | Kickstart scheme refreshed

The government is to simplify the requirements for its Kickstart scheme, the flagship programme designed to create jobs for 16- to 24-year-olds, by reducing the limit for the number of vacancies employers must supply

26 Jan 2021

Tax | Q&A: top five Brexit questions from our VAT helpline

In our regular Q&A series, Croner Taxwise, VAT advice consultant, Sally Atkins, explores the most answered Brexit questions from the VAT advice helpline, covering tax on sales, B2C services and more

26 Jan 2021

Business | MPs challenge Treasury over Covid support gaps

A cross-party group of MPs is pushing the Treasury to ‘right a historic wrong’ by offering financial support packages for an estimated three million people who have not be able to access other Covid-19 schemes since the beginning of the pandemic

25 Jan 2021

Business

Companies

Image for kpmg administrators casual dining operator

Business | KPMG administrators to casual dining operator

Will Wright and Steve Absolom from KPMG’s restructuring practice have been appointed joint administrators to casual dining operator Dining Street Ltd and its two subsidiaries, Richoux Ltd and Newultra Ltd, which have seen trade dry up during the pandemic

25 Jan 2021

Business

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Accountancy Firms

Restructuring & Insolvency

Careers

Leadership & Management

Image for people news wylie bisset streets rsm

Business | People in the news: Wylie & Bisset, Streets, RSM

In this week’s accountancy career moves, partner appointments at Wylie & Bisset, Streets Chartered Accountants, RSM and BDO, managing director elected at Alvarez & Marsal Taxand, and senior tax specialist named at Catax

22 Jan 2021

Leadership & Management

Image for plans cap claims management company fees

Business | Plans to cap claims management company fees

The Financial Conduct Authority (FCA) is proposing putting a price cap on the fees claims management companies (CMCs) charge their customers in relation to claims for financial products and services, potentially saving consumers some £9.6m a year

22 Jan 2021

Business | Moore Kingston Smith expands with accounting team acquisition

Top twenty player Moore Kingston Smith, the London firm of the Moore UK network, has acquired the audit and accounting business of tax specialist Frank Hirth

22 Jan 2021

Leadership & Management

Tax | Self assessment scam warning

With just a week to go until the 31 January tax self assessment deadline, scammers posing as HMRC are using various scams to try to defraud people, ICAEW has warned

22 Jan 2021

Business | Skills shortage drives demand for jobs, finds Hays

Karen Young, director of Hays Accountancy & Finance, examines the key findings of the annual Hays Salary Guide 2020 which sees 54% of employers planning to recruit staff over the next 12 months

22 Jan 2021

Leadership & Management

Image for high income child benefit charge hits basic rate taxpayers

Tax | High income child benefit charge hits basic rate taxpayers

The Low Incomes Tax Reform Group (LITRG) is calling for the high income child benefit charge (HICBC) threshold to rise to avoid it hitting basic-rate taxpayers for the first time in April

22 Jan 2021

Leadership & Management

Image for bbc needs plan uncertain financial future

Business | BBC needs to plan for ‘uncertain’ financial future

The BBC is facing an uncertain financial future, with significant challenges to its main source of income, and the need to introduce greater savings, according to the National Audit Office (NAO)

21 Jan 2021

Leadership & Management

Image for accountex london 2021 show postponed

Finance | Accountex London 2021 show postponed

Continuing Covid-19 restrictions have seen Accountex London – the UK’s flagship accounting and finance conference and exhibition – postponed until May 2022

21 Jan 2021

Business | Financial distress deepens but administrations decline

The number of UK businesses now in significant financial distress has jumped by 13%, but administrations last year fell to historic lows as government support measures offered a pandemic lifeline for many companies

21 Jan 2021

Business

Companies

Accountancy Firms

Restructuring & Insolvency

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Leadership & Management

Image for pandemic pressure sees exec bonus cuts

Business | Pandemic pressure sees exec bonus cuts

More than half of companies reporting in the last six months paid no bonuses to executives, indicating boards are following investor guidance and demonstrating restraint when making decisions on executive pay amid Covid-19

21 Jan 2021

Leadership & Management

Image for hmrc penalties double six months

Tax | HMRC penalties double in six months

The value of penalties HMRC is imposing on taxpayers each month shot up in the last six months, following the lull in compliance activities during the first lockdown, according to analysis by tax investigation insurance specialist PfP

20 Jan 2021