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The government must help employees facing redundancy. To do this, advance notification of potential redundancies is required from employers. Failure to comply with the statutory notification requirements without good cause may result in prosecution and a fine, on summary conviction, for the company and/or officers of the company
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City AM ’s Ian Hall argues that good accountants’ services “have heightened relative value in these tough times,” noting that businesses would be well advised not to give in to the temptation to cut back on accounting costs. Mike Suffield, director of professional insights at the ACCA, says: “Accountants help navigate […]
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The Government are implementing new rates that apply to employees using a company car. These rates will apply from 1 June 2021 . You will be able to use the previous rates for up to 1 month from the date the new rates being introduced. For more information please visit: […]
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The Business Interruption Loan Scheme:This is a government backed loan of up to £5m and the Government will pay the interest for the first 12 months of the loan. the Government will guarantee 80% of the loan. The scheme is open to any business with a turnover of less than […]
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We are in unprecedented times with the COVID-19 virus and during times of uncertainty our biggest opportunity is to come together to learn more, support one another and adapt to change, even if we cannot always see the way forward. Our responsibility is to ensure we put people first in […]
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HMRC raises £16 for every £1 it spends on staff carrying out investigations into the #tax affairs of individuals and small businesses. Figures show HMRC collected £4.9bn in extra tax from investigations into individuals and small businesses in 2018-19, but only had to spend £309m on staff to achieve that. […]
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