Latest News

£20m SME Brexit Support Fund launched

SMEs who trade only with the EU and so are new to the importing and exporting regime will be able to apply for grants of up to £2,000 to pay for practical support. The grants, available through the SME Brexit Support Fund, will help fund training and professional advice, to ensure these companies can continue trading effectively with the EU.

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Apprenticeships on hold

Some two-thirds of UK companies have not invested in new apprentices over the past 12 months, according to the latest survey from In-Comm, a training and apprenticeship provider. It discovered the pandemic is (not surprisingly) having a dramatic impact on vocational training. Apprenticeship starts dropped by nearly a fifth in 2020, and there is a growing fear that there is

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Taxpayers urged to appeal late-payment fines

Taxpayers who received penalties after the 31 January self-assessment tax deadline are being urged to appeal if they believe the fines were wrongly imposed, as HMRC cancelled over 60% of late payment penalties last year, according to new research. Data provided by HMRC to accountancy firm UHY Hacker Young shows that of the £275m in penalties imposed by HMRC for

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Pay VAT deferred due to coronavirus

The government has updated its advice for those businesses that deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make. They can: pay the deferred VAT in full, on or before 31 March 2021. join the VAT deferral new payment scheme – the online service is open between 23 February and 21 June

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Government sets up ‘Pay as You Grow’ flexible loan repayment

Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans. The Treasury’s Pay as You Grow repayment flexibilities enable borrowers to tailor their repayment schedule, with the option to extend the length of their loans from six to ten years (reducing monthly repayments by almost half), make interest-only payments

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80% of small business owners ‘experiencing poor mental health’

Four in five small business owners report experiencing symptoms of poor mental health at least a few times a year, according to a new study by Mental Health UK and the small business lender iwoca. The research also found that the Covid-19 crisis has made this more acute, with people reporting panic attacks and experiencing symptoms of depression more frequently

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Back to Basics videos: the trial balance

PQ magazine – the UK’s leading publication for accountancy and bookkeeping trainees – has joined forces with Training Link’s Michele Butler to help students get to grips with the trial balance. In just six short minutes she explains how to create the trial balance and why you are doing it. Michele will let you know whether a balance is a

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Friday Roundup Podcast 12th February 2021

The news from the week ending 12th February 2021 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Below are the notes from the podcast On this week’s Friday Roundup we have… Simon Talks about our guest on this week’s coffee morning and a huge turnout! Hannah from Xero Janet The continuing success of the roll-out of the National

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The D-Day Landings – Inspiring interview with veteran George Batts MBE

In this special interview, I’m speaking to George Batts MBE veteran of the D-Day Landings about his experience on Gold Beach during the conflict and why we’ve chosen the Normandy Memorial Trust as the IAB charity of the year. Here are some of the questions I asked George You were 18 when you landed on Golden Beach in Normandy, tell

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