Assessing effective remote-working using psychometric tools

22.05.20 / Insight posted in Articles, Operations, People

As the world moves towards a new normal and businesses start deciding what that means for them in the long term, many will be considering more permanent arrangements for homeworking and working more flexibly. For now, working at home has been enforced and everyone is doing their best to cope. However, when normal life resumes,…


New insolvency laws will help struggling businesses

22.05.20 / Insight posted in Articles, Operations

On 20 May, the Corporate Insolvency and Governance Bill 2020 was laid before parliament. This will, when enacted into law, be a very substantial change to Insolvency Law and will provide some much needed assistance to businesses struggling in the Coronavirus crisis. It is hoped the new measures will be in place at some point in…


Returning to the workplace post lock-down

21.05.20 / Insight posted in Articles, Brochures, Operations, People

It is unlikely that you will be able to return to your normal working practices quickly. How that actually looks will differ from company to company, so it is important to start thinking long term and shape your new normal. There are certain areas that you need to plan carefully before implementing any changes. This…


How charities can cope when unrestricted funds are falling

18.05.20 / Insight posted in Articles, Operations

A major challenge the Coronavirus has brought for charities is that fundraising, as well as trading income, has taken a major hit. In many cases, service delivery has needed to stop, also bringing a slow-down in income. Some charities are seeing opportunity and growth but many are turning to their unrestricted reserves to see them…


Not for profit VAT update for Coronavirus

14.05.20 / Insight posted in Articles, Operations, Tax

Coronavirus VAT changes Several VAT relaxation measures have been implemented by HMRC to reflect the current Coronavirus pandemic. If you are a UK VAT-registered organisation and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to: defer the payment until a later date, or pay the VAT…


The Coronavirus job retention scheme: extension to October 2020 and other changes

12.05.20 / Insight posted in Coronavirus, Operations

The Chancellor has announced an extension of the furlough scheme. The key details are: The end date of the scheme has been extended from 30 June 2020 to 31 October 2020 – providing eight months of support in total from the start date of 1 March 2020. No changes will be made to the scheme…


Accounting for furlough payments

05.05.20 / Insight posted in Articles, Coronavirus, Operations

While businesses are focused on managing their cash flow and taking the steps needed to operate in the Coronavirus world, the last thing on their mind will be the accounting treatment of the furlough grants that more than 800,000 employers have been claiming. However, as some of our clients have been asking us the question,…


What do employers do when furlough ends?

05.05.20 / Insight posted in Articles, Coronavirus, Operations, People

When furlough ends and lockdown restrictions are lifted, in an ideal world, one might expect employees to return to a full normal workload again. The reality, however, is more likely to be that employees return but their workload only slowly returns to normal over a longer period of time. Employers taking advantage of the furlough…


Coronavirus: new 100% government-backed bounce back loan scheme

29.04.20 / Insight posted in Articles, Coronavirus, Operations, Tax

In another measure designed to ease pressure on businesses affected by the Coronavirus crisis and keep small businesses operating, the government announced on 27 April a new 100% government-backed loan scheme for small and medium businesses. Eligible businesses will be able to borrow between £2,000 and £50,000 Loans will be interest-free for the first 12…


Coronavirus Media Business Outlook Survey – results

29.04.20 / Insight posted in Articles, Coronavirus, Operations

We recently requested senior management and owners of media businesses to share their thoughts on how Coronavirus will impact the future financial prospects and staffing requirements of the media industry, as well as to what extent they have made use of the government support available. We are delighted to share our results with you. Furthermore,…