August 2020

Government launches small business leadership programmes

Two new leadership training programmes to help small business leaders grow their companies in the wake of the coronavirus pandemic have been launched, at a cost of £20 million. The Small Business Leadership Programme will focus on strengthening decision-makers’ leadership skills, so they are able to address management challenges, some of which, such as remote working, have arisen from coronavirus.

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How effectively are you transforming from a Compliance to Advisory focused accounting firm?

Spend a couple of minutes reading the BBC article below and you’ll be putting ‘Avoiding the Competency Trap’ as a priority agenda item for your next board meeting.  After all, why would you risk becoming an IBM or Xerox when you could just as easily become an Apple or Microsoft? https://www.bbc.com/worklife/article/20200608-what-is-the-competency-trap In the world of accounting the competency trap continues

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Friday Roundup Podcast 7th August 2020

The news from the week ending 7th August 2020 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Below are the notes from the podcast On this week’s Friday Roundup we have… Janet Introduction for next week’s coffee morning guest – GoSimpleTax giving support for MTD Sarah Eat Out to Help Out update Applications for the £50m

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Bookkeepers Do You Have Clients Who Are Landlords?

Here Are The Changes To Landlord Tax 2020/21 You Will Need To Know For landlords, change is familiar. Almost every tax year, new legislation is introduced that impacts their finances – and this year is no different. In order to restart the economy, Chancellor Rishi Sunak has already introduced a couple of changes that are likely to affect property investors.

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Marketing push for Eat Out to Help Out scheme

More than 53,000 outlets across the UK have so far signed up to the government’s Eat Out to Help Out Scheme – and a new government online finder is available to help diners locate them. As Eat Out to Help Out stickers and posters start to appear in the windows of restaurants, cafes, bars and other establishments across the country,

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New law ensures furloughed staff get full redundancy payments

Furloughed employees who are then made redundant will receive redundancy pay based on their normal wage, under new laws being brought in on 31 July. Throughout the pandemic, the government has urged businesses “to do right by their employees” and pay those being made redundant based on their normal wage, rather than their furlough pay, which is often less. But

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Changes to ADR process announced by HMRC

HMRC have made important changes to the way it operates the Alternative Dispute Resolution process. The recent changes to the tribunal rules mean that we can now consider Alternative Dispute Resolution applications at any stage of the process up to the date of the tribunal. In an email to agents HMRC said: “We are also changing the way we carry

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Banks lend £49bn to help SMEs survive coronavirus

Banks have lent £49.4bn to SMEs through the three main government-backed loan schemes, according to Treasury figures released. Banks have given out £33.7bn through the Bounce Back Loan Scheme (BBLS) up until the week ending 26 July, while the Coronavirus Business Interruption Loan Scheme (CBILS) has now seen banks lend £12.7bn to small and medium-sized companies. Lenders have given out

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‘Rejected’ SMEs can now re-apply for coronavirus loans

A change to the banks’ lending rules means small firms that have been rejected for support loans are now able to re-apply. Small companies with fewer than 50 staff and less than £9m in annual turnover will no longer be considered “undertakings in difficulty” under EU state aid rules amid the coronavirus crisis. Before the recent changes the rules meant

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