Vale & West Chartered Accountants Blog

Category Archives:Family Businesses

Businesses are missing out on ‘significant’ revenue due to unclaimed VAT

UK businesses are losing 12 per cent of their revenue because they are failing to reclaim VAT, the latest research has revealed. Read More

Government set to unveil £520 million ‘help to grow’ scheme for small businesses

The Chancellor, Rishi Sunak, is set to announce plans to help the UK’s economic recovery by unveiling a new ‘help to grow’ scheme for small to medium-sized enterprises (SMEs). Read More

Draft legislation implements requirement for “mandatory independent scrutiny” of pre-pack administration sales

New legislation will require independent scrutiny of pre-pack sales where connected parties are involved, it has been announced. Read More

Small businesses handed £7.8 billion through local authority grant schemes, figures reveal

More than £7.8 billion in grant funding has been delivered to small businesses through local authority grant schemes, it has been revealed. Read More

Businesses to have access to free service to help resolve disputes with banks

Small and medium-sized enterprises (SMEs) will have access to a new independent service to assist in resolving disputes with banks. Read More

Government urged to extend COVID business support measures

The Government is being urged to extend emergency coronavirus support in the upcoming Budget with a recent study warning that businesses face a £50 billion shortfall when the support measures end in April 2021. Read More

Insolvency: 900,000 UK businesses are ‘at risk’ of closure

One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business support measures due to close in March and April, according to the latest research. Read More

CJRS: Annually paid directors may now be eligible for furlough claims

Small company directors that were not able to claim under the Coronavirus Job Retention Scheme (CJRS) because they paid themselves an annual salary in March 2020 may now be eligible to claim under the scheme. Read More

Late payments: Large businesses to pay small firms within 30 days under Prompt Payment Code

The Government has confirmed that large businesses that have signed up to the Prompt Payment Code (PPC) must pay small businesses within 30 days. Read More

Business rates: UK businesses could save almost £500 million after interim rebate ruling

Businesses in the UK could save a combined total of £481 million in business rates after an interim ruling on rebates. Read More

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