Covid-19

How to automate your business’s bookkeeping

We understand from many of our members that they are remarkably busy at the moment during the coronavirus crisis, dealing with the likes of furloughed employees and helping with government grant applications. During this time of increased volume, those of you that have automated your processes already will (hopefully) be taking it in your stride.  If, on the other hand,

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Increased threat of money laundering, says watchdog

Criminal gangs are exploiting the chaos caused by the global Covid-19 crisis, with a hike fraud, cybercrime, misdirection or exploitation of government funds and money laundering being reported. In a new report, the Financial Action Task Force (FATF) says the pandemic is impacting on the ability of government and the private sector to implement anti-money laundering and counter terrorist financing

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Friday Roundup 15th May 2020

The news from the week ending 15th May 2020 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing From Croner-i David Surridge Rebbeca Cole Angela Robson Below are the notes from the podcast Janet Reference to the Coffee Morning where our guests, David Surridge and Rebecca Cole from Croner-i joined us This is a new partnership which

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Friday Roundup 1st May 2020

The news from the week ending 1st May 2020 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Rob Harvey – Caps Ltd Below are the notes from the podcast Janet Reference to Coffee morning and the fact we had one of our MLR Inspectors, Rob Harvey along with Jody Newman our Head of Professional Standards available

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Last two months sees 61,000 UK businesses fold

New data shows a spike in the number of UK limited companies going out of business, and a near collapse in the number of new start-ups. The study, from the Enterprise Research Centre, suggests the economy is now facing a worrying ‘pincer movement’ due the Covid-19 pandemic. Some 61,472 limited companies folded between the start of March and mid-April, with

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HMRC hits the pause button on tax investigations

HMRC have suspended all compliance activities indefinitely apart from cases where the customer is actively engaged and communicating. HMRC at this time will not contact the agent or customer unless the customer/agent contacts them. HMRC are informing customers in various way via email, phone calls and letters. Jesmin Rahman, a tax specialist and director at Tax Resolute, said: “Taxpayers who

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Covid19: furlough scheme cut-off extended to 19 March

Thousands more employees will be able to receive support through the Coronavirus Job Retention Scheme (CJRS) after the eligibility date was extended to 19 March 2020. Under the scheme announced by Chancellor Rishi Sunak last month, employers can claim a grant covering 80% of the wages for furloughed employees, subject to a cap of £2,500. Following a review of the

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Extension for filing accounts confirmed by Companies House

Companies House has said businesses affected by Covid-19 will be able to request an extension to file their accounts, reports and confirmation statements. The maximum extension is three months, but Companies House said stringent conditions will apply. What you must do is to lodge your appeal before the company’s filing deadline. If companies do not apply for an extension and

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Friday Roundup 17th April 2020

The news from the week ending 17th April 2020 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Below are the notes from the podcast Janet: The main focus of the week has been payroll due to updates to the furloughed workers guidance last Friday and again on Wednesday evening, software updates and this coinciding with it

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