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…
READ MOREGovernment 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…
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 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 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…
READ MOREReturning to the workplace post lock-down
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…
READ MOREHow charities can cope when unrestricted funds are falling
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…
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