Insight

£20m Grants for Small Business to Boost Post-COVID Recovery

The clear aim here is to allow businesses to pay for new IT to support their changed business models and crucially to provide assistance in the form of proefessional advice, specifically financial. Businesses who are aware of the need to produce a financial model and supporting business plan can use this funding to access IfT members and other professionals to assist them.

Professional Practice Finance – a Suggested Way Forward

Preparing now for the anticipated financial strains on professional practices is not an option it is essential

Is the “Student Loan” model right for UK SMEs?

The UK lending sector has proposed a radical approach to the management of the collection of Coronavirus Business Support Loans. What are the implications for UK SMEs?

Emotional Intelligence? The IfT annual conference, Day 2

My biggest take-away from the second day of the IfT's annual conference? The need for turnaround practitioners to ensure they support their businesses with "emotional intelligence" alongside the financial skills

The 2020 IfT Conference – Day 1

A very enlightening first day of the IfT's 2020 conference looking at the UK economy, the political imperatives and the new Corporate Insolvency legislation

The Job Retention Bonus

£1,000 for each furloughed employee brought back to full time work and retained until January 2021. A vital additional source of funds to SMEs?

The Corporate Insolvency & Governance Act 2020 & The Role of the Turnaround Practitioner

Accredited Turnaround Practitioners are going to be pivotal to the recovery of the UK economy. All stakeholders would be wise to get the right advice and get it early.

The R Word

The prospect of redundancy is a growing one for many employers. The difficulty for businesses where cash is tight the paradox of not being able to afford to make redundancies is a very real one. The Redundancy Payments Scheme is a possible solution.

Don’t miss the June 10th Deadline for Furlough

Tomorrow is a key date for employee eligibility for the new Job Retention Scheme which starts on 1 July

Even IP’s Need Turnaround Assistance Now!

Described as a most significant change to the UK's 'Restructuring Toolkit" in over 30 years the Corporate Insolvency and Governance Bill put the Turnaround Professional front and centre

Learning from CBILs Experience

If your business is contemplating a further funding application as the lockdown continues there are lessons to be learned to maximise the chance of a successful outcome

Flexible Furloughing

What you need to know to make the key return to work / furlough decisions for the next five months

Beware of The Rogues

Top topical advice from "Friend of the Site" - Martin Kingman

Holidays Are Coming

The Cost of the First 49 days of lockdown

Alongside the lunchtime announcement the extension of the JRS we got an interesting peak at the government's accounts since lockdown

Job Retention Scheme to be Extended until September

An extension to the Job Retention Scheme is expected to be announced tomorrow.

Job Retention Scheme Claim Rejected?

HMRC have confirmed that some organisations have been incorrectly refused support under the Coronavirus Job Retention Scheme (CJRS) due to tax arrears.

Bounce Back Loans Launched

Still Waiting ….

The CBBLS is due to launch on Monday. But so far details are sparse. When will we get some more detail?

I’m a director of a limited company – Can I be pursued personally if it all goes wrong?

In his first contribution to the site Martin Kingman of Professional Legal Collections looks at the issues around directors' personal liability