We have published our March issue of Business Update. Our insights include:
How capital allowances and the new loss carry back rules can aid cash flow
The Coronavirus pandemic has heightened the importance of cash retention for companies and this was reflected in changes announced by the Chancellor in the Budget. We explore how capital allowances and the new loss carry back rules can aid cash flow for businesses. Read more.
HMRC now has preference over other creditors
Simon Thomas of Moorfields outlines recent changes to legislation that gives HMRC preference over other creditors when a business is being wound up. Read more.
A change to directors’ liabilities
Simon Thomas has also kindly provided an update for us on recent changes that increase directors’ liabilities for a business’ unpaid tax and penalties in the case of insolvency or potential insolvency. Read more.
Financial reporting and cryptoassets
Despite the increasing prevalence of cryptoassets in public discourse, there remains an absence of formal guidance from professional standards boards as to the appropriate financial reporting treatment for cryptoassets. Read more.
Jamie Lane, Editor
