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

9 June 2020

A quick reminder that to be eligible for the “new Job Retention Scheme” any employee who has not been furloughed to date must be placed on it by tomorrow to allow the three week eligibility to be met by 30 June 2020.

Details of the new JRS can be found here

Latest 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.