Companies

Image for late payment risk pandemic takes its toll

Business | Late payment risk as pandemic takes its toll

As the current pandemic takes its toll on business cashflow, BDO’s Jenny Shutt calls on all sides to collaborate to ensure suppliers are paid on time

11 Nov 2020

Image for kpmg dispose restructuring business

Business | KPMG to dispose of restructuring business

KPMG is to explore options for selling its restructuring business, over concerns about potential conflicts of interest and the regulatory push to achieve operational separation between audit and non-audit work

10 Nov 2020

Image for chancellor outlines green post brexit financial services

Finance | Chancellor outlines ‘green’ post-Brexit financial services

Chancellor Rishi Sunak has outlined the government’s post-Brexit approach to financial services regulation and has underlined the UK’s intention to become a global leader in green finance

10 Nov 2020

Image for pandemic sees living wage rates hike

Business | Pandemic sees living wage rates hike

Around 250,000 workers across the UK are set for a pay boost as ‘real living wage’ pay rates are increased, and an additional 800 employers sign up to the scheme during the pandemic

9 Nov 2020

Image for covid 19 hits hmrc customer response levels

Tax | Covid-19 hits HMRC customer response levels

Covid-19 restrictions and HMRC’s leading role in the launch of a slew of government support schemes have hit HRMC’s customer service levels and are having an impact on the amount of tax collected, latest statistics reveal

9 Nov 2020

Business | Urgent calls to help millions of excluded self employed

Studies show one in five of those working for themselves remain out in the cold while chancellor continues to support those already able to access schemes, but more help could be made available, finds Philip Smith

9 Nov 2020

Image for over ps1bn fraudulent bounce back loan applications

Business | Over £1bn of fraudulent bounce back loan applications

Up to £1.1bn of fraud via the government’s bounce back loan scheme (BBLS) was identified in first six month of its operation, according to evidence supplied to the public accounts committee (PAC)

9 Nov 2020

Image for people news menzies haysmacintyre simmons gainsford

Business | People in the news: Menzies, Haysmacintyre, Simmons Gainsford

In this week’s accountancy career moves, partner promotions at Menzies, Simmons Gainsford, MHA Moore and Smalley, Haysmacintyre, and Buchler Phillips, and head of corporate finance advisory named at Grant Thornton

6 Nov 2020

Image for beis urges action be brexit ready

Business | BEIS urges action to be Brexit-ready

With less than two months to go, the government has launched a campaign urging services and investment companies to get going on key actions as the UK counts down to its new trading relationship with the EU after 31 December

6 Nov 2020

Image for nao warns significant post brexit trading disruption

Business | NAO warns of ‘significant’ post-Brexit trading disruption

UK traders face ‘significant’ disruption at the border from 1 January next year, despite the government spending £1.4bn this year on preparations, because of the tight timetable, the impact of the pandemic and a lack of contingency planning, the National Audit Office (NAO) has warned

6 Nov 2020

Image for wanted audit accounting technical writer croner i

Finance | Wanted: audit & accounting technical writer at Croner-i

Croner-i has an exciting opportunity for an audit & accounting technical writer to join our lively team on a flexible, home-working basis

6 Nov 2020

Business | Accountants adapt and survive in year of radical change

As 2020 has seen more upheaval in the way accountants work than in the past decade, Workday’s Tim Wakeford looks at how finance departments have been the biggest adaptors in a year of digital transformation

6 Nov 2020

Image for furlough scheme extended end march

Business | Furlough scheme extended to end of March

The coronavirus job retention scheme (CJRS) is to be extended until next March, marking a year of furlough, following the introduction of national lockdowns resulting in a deteriorating economic situation, Chancellor Rishi Sunak has announced

5 Nov 2020

Image for bank england provides ps150bn covid boost

Business | Bank of England provides £150bn Covid boost

The Bank of England is to pump an additional £150bn into the economy, describing the outlook as remaining ‘unusually uncertain’ following a rapid rise in rates of Covid infections and with the UK’s departure from the EU less than two months away

5 Nov 2020

Image for hmrc announces coronavirus fraud arrests

Business | HMRC announces coronavirus fraud arrests

Arrests have been made over alleged fraud related to coronavirus support schemes, as HMRC ramps up enforcement action against possible abuse of funding targeted to help businesses throughout the pandemic

5 Nov 2020