Practice & Industry

Insight / How to reawaken your business after hibernation

Negotiating, slowing liabilities, making forecasts and simply talking to employees and customers, alongside insolvency tools, are the keys to a successful restart of your business, writes Mercer & Hole’s Dominic Dumville

Insight / Covid-19: Trade Credit Insurance guarantee

The government is to provide support for businesses with supply chains which rely on Trade Credit Insurance (TCI) and who are experiencing difficulties maintaining cover due to coronavirus

Insight / Covid-19: self employed scheme opens early

The Treasury has formally launched the self employment income support scheme (SEISS) for self employed individuals or members of partnerships whose business has been adversely affected by coronavirus, with payments expected before the end of the month

Insight / Covid-19: back to work guidance

The government has published guidance for employers on how to get businesses back up and running as the country moves into the ‘stay alert’ phase of the coronavirus pandemic

Insight / Covid-19: furlough scheme to run till October

The Coronavirus Job Retention Scheme is to be extended by four months and employers will be able to bring back furloughed employees part-time, as part of the government’s plans to ‘re open the economy’, the Chancellor has announced

Insight / KPMG plucked to be administrators to Dawsons Music

Rick Harrison and Neil Gostelow, partners from KPMG’s restructuring practice have been appointed joint administrators to Dawsons Music, one of the oldest retailers of musical instruments in the UK, which has collapsed with the loss of 75 jobs

Insight / Covid-19: corporate insolvencies fall in April

The number of corporate insolvencies seen during April, the first month of the Covid-19 lockdown, was down by a third on the previous year, as government support packages have given companies vital headroom, according to analysis by KPMG

Insight / Covid-19: bounce back loans launch for small business

More than 69,000 bounce back loans for small businesses worth over £2bn have been approved during the first 24 hours of the scheme, the Chancellor has announced

Insight / Covid-19: warning on furlough NICs errors

SMEs accidentally overclaiming for National Insurance Contributions (NICs) they do not pay could result in them having to repay thousands of pounds back to HMRC down the line, according to UHY Hacker Young

Insight / Covid-19: top tips for dealing with anxiety

Accountants are not immune to the impact of anxiety on themselves and their work colleagues. Sarah Lewis, principal psychologist at Appreciating Change, sets out how to handle the pressure in difficult times

Insight / BDO sells Norton Motorcycles in £16m deal

Administrators from BDO have successfully sold Norton Motorcycles, the British brand ridden by Che Guevara and Clint Eastwood, to an Indian two-wheeler manufacturer, in a £16m all-cash deal agreed following the company’s collapse at the start of the year

Insight / Covid-19: CFO business confidence hits record low

Confidence among CFOs has declined to its lower ever level with 89% feeling uncertain about their company’s future; some forecast that ‘revenues will not return to pre-crisis levels for at least a year’

Insight / Covid-19: extra funds for fixed property-related costs

The government has announced a top-up to the local business grant funds scheme providing coronavirus support, setting up a discretionary fund to help certain small businesses which previously fell outside its the scope

Insight / Covid-19: FCA wants clarity on business interruption insurance

The Financial Conduct Authority (FCA) is to seek legal clarity on business interruption (BI) insurance in response to widespread concerns and uncertainty about the basis on which some firms are making decisions relating to the current pandemic

Insight / Covid-19: AAT grants student membership extensions

AAT (Association of Accounting Technicians) has granted membership renewals to students who are close to completing their AAT qualification and may therefore have not budgeted for an additional year of student membership