Charity 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…


TV 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…


Complexities 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,…


Reinstate 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…


Government releases code of practice for commercial property relationships during the Coronavirus pandemic


The impact of Coronavirus has been huge on both landlords and tenants due to the majority of commercial tenants’ inability to meet their rental deadline, which has been seriously diminished by the lockdown with forced closure of their properties and the resulting loss of income. Although the government has begun to gradually ease lockdown with…


BBC 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…


Employers 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…


Exiting 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…


Assessing 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,…


New 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…