Magazine News


Garry Lee - Chair R3 Southern  Thames Valley Committee

Business owners urged to act early to avoid problems when furlough scheme ends

Business owners in Hampshire who are fearing the end of the furlough scheme should be acting now to give their company finances the best chance of staying on an even keel. Garry Lee, regional chair of insolvency and restructuring trade body R3's South and Thames Valley region, is advising employers who are concerned about meeting their wage commitments when the Coronavirus Job Retention Scheme closes on 31 October to start looking for advice now, rather than ignoring an issue that could threaten their business's viability.

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Julie Kitson Trusts and Estate specialist for Jarrovian Wealth

How to protect the family legacy and ensure more of your wealth cascades down to the beneficiaries

Everyone wants to provide for their loved ones and the Covid-19 pandemic has brought home just how important it is to ensure your financial affairs are in order. While it's good news that the crisis has increased the number of people executing Wills, and they are important, a basic one may not be enough for many families, according to Jarrovian Wealth. Basic Wills do not include fully effective estate planning and offer no protection across the generations.

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Hannah Mazrae, Director at Saffery Champness

Early warning from Saffery Champness

HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC's API platform. Currently, only those businesses whose taxable turnover exceeds £85,000 need to file their VAT returns in this way.

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Garry Lee - Chair R3 Southern  Thames Valley Committee

Rise in corporate insolvencies 'when, not if', R3 member survey finds

Results of a survey show that corporate insolvencies are expected to hit home the hardest in October to December of 2020, according to the R3 trade body for Hampshire. R3 - the association for insolvency and restructuring professionals - made the finding when it carried out a survey of members.

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Pandemic changing payment culture

Pandemic changing payment culture

Covid-19 is changing the way SMEs take payments, with the use of cash payments having halved and online card payments rising by a quarter during the pandemic, according to the latest independent research* from Close Brothers Asset Finance.

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Greg Palfrey, National Head of Restructuring and Recovery at Smith & Williamson

Nuffield Southampton Theatres to close

Long-established theatre operator Nuffield Southampton Theatres (NST) is to permanently close after potential buyers were unable to meet conditions set by stakeholders. Greg Palfrey and Steve Adshead, from the South Coast office of Smith & Williamson in Southampton, were appointed joint administrators of NST in May after the venue experienced financial difficulties due to the pandemic.

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Graeme Price - CEO Jarrovian Wealth

Recession proof your business by creating your own banking facilities

No one can be in any doubt about the devastating effect the pandemic has had on businesses - both large and small, and across all sectors. While more people have headed back to work in non-essential areas and pubs, restaurants and hairdressers are about to re-open, the alert level has only just been reduced from four to three. That means the epidemic is still in general circulation and we have a long, slow process ahead for businesses to get back on their feet and to reach anywhere near the new "normal".

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Brian Harvey Partner and Head of Agriculture PKF Francis Clark

"You can't furlough a cow" - local reaction to the Government's dairy response fund

Dairy Response fund doesn't go far enough as fragility of the supply chain is exposed Set up to address the business impact of Covid-19, the Government's new dairy response fund is open to applications from today. (THURSDAY, JUNE 18TH)

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Clare Gallie Chief Executive of Lewis-Manning Hospice Care

£40k grant to support health care coalition

A group of health care providers across Dorset are working together on a new project focusing on sharing end of life experiences thanks to a one-off grant of £40,000 made by Dorset Clinical Commissioners.

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Warren Munson, Founder, Inspire

Webinar to provide advice for R&D and innovation businesses

At the start of 'lockdown', Poole-based Inspire Professional Services launched a programme of free, interactive webinars to support the local business community during the Coronavirus pandemic. The series of webinars, held weekly via Zoom, have covered topics related to the government's measures to help businesses, including the Coronavirus Job Retention Scheme and the Coronavirus Business Interruption Loan Scheme (CBILS) and have been attended by over 250 business leaders so far.

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IPSE research: Over-60s and new mothers among groups most likely to miss out on government self-employed support

Over-60s and new mothers among groups most likely to miss out on government self-employed support

Over-60s, 50-59-year-olds and new mothers are three of the groups most likely to miss out on government self-employed support because they went into freelancing too recently, according to new research by IPSE (the Association of Independent Professionals and the Self-Employed).

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Garry Lee - Chair R3 Southern  Thames Valley Committee

Trade body experts offer business and personal finance advice

Coronavirus advice for businesses from R3 Southern & Thames Valley Committee R3, the insolvency and restructuring trade association, has released advice for businesses in the South and Thames Valley which may be affected by the COVID-19 pandemic. It includes a number of action points and advice from Garry Lee, chair of R3's Southern & Thames Valley Committee.

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