Government support schemes are currently offering some respite to the stress of rising energy bills for business. But now is the time to plan ahead for when they come to an end.
Manufacturing Community articles
Read the latest articles from the Manufacturing Community.
Cyber threats to the manufacturing industry
Tim Robinson from Crowe shares his thoughts on cyber risks facing businesses and some simple strategies manufacturing businesses can take to build cyber resilience.
Research findings prompt calls for tougher penalties to ensure businesses are paid on time so they can manage their cash flow and handle rising costs.
While energy pricing has dominated coverage of the pressures that businesses are currently facing, it is vital to bear in mind an array of further concerns.
Emily Smith, Chair of ICAEW’s Manufacturing Community advisory group celebrates her first year in post
It is fast approaching my first anniversary as Chair of the Manufacturing Community advisory group and I am delighted to tell you more about the group, share some insights and tell you about the work we have been doing.
Embrace instability and look for business opportunities
Nick Tiley, Founder and Director, Cambridge Financial Direction Ltd, shares some insights on how businesses can look to the positives and embrace the opportunities that the current economic instability offers.
The latest official GDP estimate confirms that the UK economy contracted in August as industrial production and output from businesses specialising in consumer-facing services fell.
Advances in digitisation are great for businesses, but they’re also helping organisations to review their supply chains and identify the potential risks from cyber attacks.
New research shows that half of invoices issued by small businesses are paid late. Could stricter penalties and more transparency in regulation and reporting make a difference?
As cyber attacks on supply chains escalate, we highlight the driving factors and what corporates can do to mitigate them.
EY Chief Economist Peter Arnold talks through the factors creating volatility and uncertainty in the global economy and offers advice on how businesses should respond.
At just 33, Emily Smith is managing director and finance director of two successful manufacturing firms, as well as Chair of the ICAEW Manufacturing Community. She tells us about her career journey so far.
The government announced that it will introduce investment zones across the UK as part of its plan for growth. Investment zones will benefit from tax incentives, planning liberalisation and wider support for the local economy.
How are businesses coping with persistent, global supply chain issues – and which concerns are looming on the horizon?
In its response to the draft Finance Bill clauses published on 20 July 2022, ICAEW has highlighted those measures that it believes will inhibit R&D activity and therefore growth in the UK.
As costs rocket on the back of inflation, maintaining cordial and constructive relationships with business contacts in your supply chain is of paramount importance.
Public Sector Audit Appointments Ltd (PSAA) has secured 96.5% of the capacity required to appoint auditors to government bodies that have opted into the national scheme.
The Treasury team in Cyprus is working through a number of projects to improve its processes and make its public financial management fit for a more complex future.
The explosion of wholesale energy prices since the middle of last year has resulted in 29 energy companies failing. What has the experience taught us about the regulatory structure and insolvency process?
Five years working on the Robert Maxwell insolvency, an inquiry into payments transfers in the Premier League, and running KPMG’s forensic business in Russia have served Nigel Layton well, as he helps clients navigate complex supply chain due diligence.
ICAEW’s Tax Faculty highlights that HMRC’s guidance on reimbursement of electricity costs for charging company-provided wholly electric cars conflicts with the law.
Using ICAEW inflation data, PwC UK Senior Economist Barret Kupelian assesses influential factors contributing to historically high inflation and explores what this means for businesses and the role of accountants.
The ongoing evolution of sanctions across multiple jurisdictions and the complexity of global supply chains mean that organisations could unwittingly find themselves in breach of sanctions rules.
ICAEW reported that payment of some R&D tax credits have been stopped while HMRC investigated some concerning claims. HMRC has now provided further details relating to this campaign.
Access to finance is needed as economic factors including growing inflation, rising fuel and raw materials costs, and wage inflation are in danger of pushing many businesses to breaking point.
From ending war to kickstarting manufacturing, George Lagarias, Chief Economist at Mazars, examines how global markets have dealt with inflation during the 20th century, adding what we can learn from their experience.
Modern slavery is still all too common in the UK, with 10,613 potential victims identified in 2020. The modern slavery statement is designed to improve transparency and vigilance within businesses and their supply chains.
ICAEW’s graphic highlights similarities between post-pandemic and post-Second World War inflation. Experts from RSM explain what businesses should be doing to mitigate the effects.
Using ICAEW inflation data, EY UK Chief Economist Peter Arnold assesses key drivers behind rising inflation over the past seven decades and predicts how this current wave of high inflation looks set to pan out.
In its response to HM Treasury’s policy paper on options for reforming plant and machinery allowances, ICAEW’s Tax Faculty sets out ideas to make the regime more targeted and to help the government meet its other policy objectives.