Hotel, hospitality and leisure: start negotiating with creditors now
Somehow, many hotel, hospitality and leisure businesses have survived the last 20 months or so, but that hasn’t been easy. Many have been supported by government schemes, and the legal changes brought in by the Coronavirus Insolvency and Governance Act 2020 which ensured no creditors could force closure due to overdue Covid debt. Many businesses…
READ MORECharity Workshop newsletter June 2020
Welcome to our latest Charity newsletter, specifically written for the charity sector. We have focused this edition on the latest news concerning Coronavirus and on areas we believe your charity should be considering now and also looking at for the future. In this issue: Strategy and governance – an essential relationship Strategic planning in a…
READ MORETV Production: How Indies can get Brexit secure
This article, by Moore Kingston Smith partner Val Cazalet, was published in Broadcast on 11 March 2021 There seems to be a cautiously optimistic outlook for the television industry. From my conversations with clients and industry professionals, everyone was really busy in the run up to Christmas and, whilst things are quieter again at the…
READ MOREComplexities of business interruption insurance explained
The aim of business interruption insurance is to cover a business for loss of income where the business was unable to carry out its normal operations due to an unexpected event such as the global pandemic. Where dealing with a simple business with readily identifiable losses, there may be no need for additional assistance. However,…
READ MOREReinstate direct debit payments to avoid penalties
Businesses who have cancelled their direct debits payable to HMRC to defer VAT payments now need to set up a new one to avoid penalties. Failure to get a direct debit set up in time could result in the business paying their VAT bill late and, potentially, a penalty charge. As part of the government’s…
READ MOREBBC News: Maureen Penfold describes how the firm is keeping its people connected during lockdown
In a feature on BBC News, Maureen Penfold shares tips on maintaining social connectivity across the entire firm while everyone is working from home. Penfold said: “We’ve always been an office-based business and overnight we moved 650 people into being a home-based business. Our biggest concern was making sure that all of our people still…
READ MOREEmployers severely financially affected by Coronavirus – redundancy payments service
On 23 March, the government published new guidance providing support to employers, previously only offered when their company was subject to formal insolvency proceedings. Employers can now seek financial support from the redundancy payments service (RPS) if they cannot afford redundancy payments for their employees. How RPS works The RPS provides support with statutory redundancy…
READ MOREExiting lockdown: forensic accounting services during lift-off
Now that the first tentative steps are being taken to lift lockdown, there are several areas where our forensic accounting team can assist you. Our specialists have decades of experience in complex cases and produce clear and comprehensive reports to help you navigate challenging times. Business interruption claims It is possible that some companies are…
READ MOREAssessing effective remote-working using psychometric tools
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,…
READ MORENew insolvency laws will help struggling businesses
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…
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