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Latest ICAEW Insights and accountancy news for May 2020

All the latest news about ICAEW and the accountancy profession.

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COVID-19 and micro-entity accounts

1 June 2020: ICAEW’s Financial Reporting Faculty has produced a checklist to help you determine how the spread of COVID-19 might affect financial statements prepared in accordance with FRS 105.

Flexible furlough from 1 July under revised CJRS

29 May: Changes to the Coronavirus Job Retention Scheme (CJRS) will apply a month earlier than expected. From 1 July the scheme will allow part-time working, but staff must have been furloughed by 10 June to be eligible.

COVID-19: Second lump sum for self-employed

29 May: The Chancellor has announced a second and final grant to the self-employed who are eligible for the Self-employment Income Support Scheme (SEISS), to be capped at £6,570.

Does equal pay equate to equal opportunity?

Some 50 years after the Equal Pay Act, there is still a pay gap in every sector of the economy. But does the shift in working patterns driven by coronavirus offer an opportunity to level the playing field?

COVID reveals the benefits of cloud working

29 May: Businesses have been forced to adapt their ways of working almost overnight in light of the coronavirus lockdowns and those with cloud-based systems had a significant head start.

Remote working means changes for real estate

29 May: COVID-19 has forced the issue of working from home to the forefront of many organisations thinking, but it has simply turned up the dial on a shift in working behaviour that has already been gaining pace and that the real estate sector must respond to.

“COVID secure”: stepping safely out of lockdown

29 May: The “COVID secure” message is at the forefront of the government’s return to work strategy. But what does this really mean for organisations and individuals, and will it provide a stepping stone to a safe working life after lockdown?

PMJ: how the crisis made us more productive

29 May 2020: for one practice in Essex, adapting to lockdown has taught them to be more productive than ever – so much so, employees are doing a four-day week for the same salary.

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