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What’s happening?

Here you can keep up to date with our latest news, as well as the latest goings-on in the world of accounting.

The CBILS and BB loans are essential for businesses affected by the Coronavirus pandemic.However, it is important that you don’t inadvertently walk yourself into a problem by not realising the potential consequences of what you do with this money.HM... Read More

The loan must be used in a way which will provide an economic benefit to the business. This could include boosting working capital and improving general cash flow. The loan can be used to pay salaries; however, it cannot be used to increase them, nor... Read More

If you have been turned down for a Bounce Back Loan, or are struggling to apply for one because of who you bank with then there are options still open to you.One of these is to hold on and simply wait until either more lenders are accredited to offer... Read More

When obtaining borrowing for your business you should be clear with yourself what the money will be used for. This will not only ensure that you obtain the right amount of funding, but it will also help you select an appropriate type of funding. Whi... Read More

The Home Office has announced tougher measures targeting the most serious breaches of social distancing restrictions. In most cases they will be effective from Friday 28 August 2020.  In their announcement issued 23 August, the Home Office sai... Read More

The government has published an updated version of form HR1. Where an employer is proposing to make 20 or more redundancies at one establishment within a period of 90 days or less, they must give advance notification of those potential redundancies t... Read More

Public Health England (PHE) has updated its guidance to increase the minimum self-isolation period for those with symptoms of coronavirus from seven to ten days, starting from when symptoms first begin. In addition, those who test positive for corona... Read More

Companies House has confirmed that the temporary measure to suspend compulsory strike-off action will be lifted from 10 October 2020. The temporary measure to pause compulsory strike-offs started in April 2020 in response to the coronavirus pandemic.... Read More

The definition of a connected person for tax purposes can be complex and varies depending on the circumstances. A statutory definition of “connected persons” for tax purposes is set out in Section 839 of the Income and Corporation Taxes... Read More

The second round of the Self-employment Income Support Scheme (SEISS) opened for applications on Monday 17th August. The second and final grant covers the quarter to 31 August 2020. The second grant will provide up to £6,570 for the quarter (&p... Read More

HMRC has published further guidance on the implementation of the loan charge and has made clear there will be no special settlement terms. This follows an independent review earlier this year into whether the loan charge was an appropriate way of de... Read More

Student Loans are part of the government’s financial support package for students in higher education in the UK. They are available to help students meet their expenses while they are studying. The Student Loans Company (SLC) is a non-profit ma... Read More