Contents
This page covers ways of raising finance whatever the size of the business you are advising, growth strategies and support for our BAS firms.
Access to finance
Exclusive
Bouncebacks and CBILs helped up to 500,000 UK Businesses survive
- Article
- 04 Jul 2022
We take a look at the British Business Bank's June 2022 report that covered a process evaluation and early assessment of the support loan guarantee schemes provided during the pandemic.
Exclusive
RLS is changing: act now to get the better deal
- Promotional material
- 09 Dec 2021
The Recovery Loan Scheme has been a huge success but with changes planned for the new year, businesses should move to get deals agreed sooner rather than later.
Exclusive
If a client asked you how to scale, what would you say?
- Promotional material
- 08 Nov 2021
Growing businesses are leaning on their advisors to help them achieve their ambitions. Are you ready for the tough questions? Andrew Moon, Co-Founder and Head of Business Solutions at Swoop explains.
Exclusive
Revolving credit facilities for clients
- Article
- 27 Aug 2021
Andrea Reynolds, CEO at Swoop Funding explains revolving credit facilities and how they can help clients manage cash shortages in their business.
Exclusive
Funding Trends SMEs Mid-2021
- Article
- 29 Jul 2021
The UK enters the second half of 2021 with more SMEs managing more debt than ever before due to the impact of the pandemic. Following on from the GOVT backed CBILS and BBL schemes, we are witnessing a situation where the RLS (Recovery Loan Scheme) has not yet fully established itself in the marketplace.
Exclusive
Time to repay Bounce Back Loans - Pay As You Grow?
- Article
- 28 May 2021
Richard Bearman at the British Business Bank speaks to ICAEW about payment holidays and the Pay As You Grow (PAYG) scheme.
Adviser Funding Portal from Swoop
- Article
- 29 Mar 2021
Are you seeking funding for your clients? The Adviser Funding Portal, exclusive for PBA Community members, is built to empower you as a business adviser. Swoop have utilised ground-breaking technology to provide simple, speedy and secure access to tailored funding opportunities for your clients. Register for a free account now.
Emoney and what you need to know
- Helpsheets and support
- 09 Dec 2020
ICAEW has created an e-money helpsheet to help businesses and their advisers understand whether such accounts are appropriate for their needs.
Benefits
Exclusive
Modern business needs smarter law
- Promotional material
- 03 Nov 2021
Whether an accountancy practitioner starting out or a growing firm, LawBite wants to help you flourish with a great offer available to ICAEW members: get LawBite's Access plan (usually £29 / month) free for 12 months.
Business support
Exclusive
Free, independent advice for small business employers
- Article
- 02 Feb 2022
ACAS has launched a new helpline to provide employers and small businesses with free independent advice on workplace issues.
Cost of living crisis
Exclusive
Help your clients avoid cash flow disaster: A quick guide to cash flow management
- Article
- 05 Oct 2022
In the face of rising inflation and a cost of living crisis set to hit many homes and businesses, cash flow management still holds the vital key to trading successfully through adverse economic externalities.
Exclusive
Which button to press: liquidation or turnaround?
- Article
- 22 Jul 2020
The overarching goal of every business adviser is to achieve a full recovery for their client’s business and secure for them a sustainable and profitable future. While navigating the tricky precipice that is ongoing solvency, how does the adviser know whether to ‘press the button’ on liquidation or turnaround and what measures can be taken before arriving at the correct decision?
Exclusive
Seven considerations for clients making redundancies
- Article
- 20 Jul 2020
Businesses will no doubt welcome the Chancellor’s recent extension to the furlough scheme and £1000 jobs bonus. However, given that we are looking at difficult economic times for a considerable period to come, many employers will be forced to make staff cutbacks. Here are some of the things clients should consider when thinking about making redundancies.
Exclusive
Disincorporation and downsizing
- Article
- 21 Jul 2020
These are difficult and worrying times, including for business owners. It was reported in the Financial Times last week that an extra 21,000 companies were dissolved in March 2020, compared to March 2019.
Sadly, the COVID-19 pandemic will cause the failure of many businesses. Some companies will cease trading, never to recommence. However, other companies will survive, although their owners may be forced to operate on a much smaller scale.
Cyber-Security
Exclusive
Is your business cyber secure?
- Article
- 24 Feb 2023
A guide to protecting your accountancy business from cyber-attacks.
Economic pressures
Exclusive
Forecast to beat the cost of living crisis
- Promotional material
- 02 Feb 2023
Your clients need your help. Energy, materials, production… the cost of everything is up. Silver lining? You can forecast inflation and recessions to help mitigate the effects of rainy days. Be the best in forecasting for your clients. Futrli explain how.
Exclusive
Late or unfair payments: Helping clients avoid poor payment practices by their bigger customers
- Article
- 21 Nov 2022
Some small businesses are ‘bullied’ by bigger customers and feel they have no choice but to accept poor payment and other unfair contractual terms. In this article, Liz Barclay, Small Business Commissioner, talks about how accountants can help smaller clients get it right.
Exclusive
How businesses can cope with rising inflation
- Article
- 21 Sep 2022
In this article, ICAEW PBA Advisory Board member Paul Layte aims to unpack a few thought- provoking options to advise businesses struggling to cope with rising inflation.
Financial Reporting
Exclusive
Small and micro to file P and Ls
- Article
- 01 Dec 2022
The Economic Crime and Corporate Transparency Bill, set to achieve Royal Assent in Spring 2023 will mandate the filing of profit & loss account information for small and micro entities. The exact timeline for implementation of this is still unclear but practitioners should be preparing for any impact this may have on small and micro entity clients.
Exclusive
If a client asked you how to scale, what would you say?
- Promotional material
- 08 Nov 2021
Growing businesses are leaning on their advisors to help them achieve their ambitions. Are you ready for the tough questions? Andrew Moon, Co-Founder and Head of Business Solutions at Swoop explains.
Exclusive
How to change a business
- Article
- 02 May 2019
Changing the culture of an organisation is one of the greatest tests of leadership.
Business Growth Fund
- Website
- 28 Mar 2019
The Business Growth Fund was established in 2011 to provide investment for Britain’s growing SMEs.
Growth Business
- Website
- 28 Mar 2019
Practical tips and articles for established businesses undergoing rapid expansion.
Net Zero
Exclusive
Advising on Net Zero will be key to accessing finance
- Article
- 30 Nov 2022
Julia Groves, Director of Sustainability at the British Business Bank spoke to us on how net zero would be key to accessing finance in the future.
Starting a new business
Exclusive
Go start-ups! Get new businesses off the ground
- Article
- 04 Nov 2021
Following on from the recent ICAEW webinar, Richard Bearman, CEO at the Start-Up Loans Company, part of the British Business Bank, talks to us about start-up loans.
Exclusive
Choosing the right business structure
- Article
- 13 Nov 2019
When setting up a new business, choosing the most suitable company structure is an important undertaking. Each different format has implications for tax, ownership and responsibility. This brief guide will help you work with your clients to decide which route is best for them.
Apply for a start-up loan for your business
- Website
- 28 Mar 2019
A government funded scheme to provide loans and mentors for entrepreneurs. As well as start-up finance, the scheme offers free support and guidance to help prepare a business plan and up to 12 months of free mentoring for successful applicants.
Tax
Exclusive
Income tax basis periods - all change from 2023
- Article
- 23 Jan 2023
April 2023 will bring a major shake-up of the rules dictating when trading profits of unincorporated businesses are subject to income tax. Emma Rawson, ATT Technical Officer at Bloomsbury Professional Online, explores the changes and explains what steps can be taken now.
Exclusive
What are the tax rates and changes for 2023/24?
- Article
- 05 Dec 2022
With three ‘fiscal events’ this Autumn alone, now is a good time to take stock of the tax changes coming in 2023/24. Whilst we don’t have a complete picture of all taxes, and there may be more information in the March 2023 Spring Budget, we have summarised how to advise so far.
Exclusive
Setting salaries for a company owner or managers
- Article
- 22 Sep 2022
Individuals who control their own companies can choose how and when to extract profits using a strategy involving various elements. This article considers the salary element.
Exclusive
Crypto clients? How to get started and calculate their taxes with ease
- Promotional material
- 30 Jun 2022
Whether you are a sole practitioner or a larger firm, the rise in cryptocurrency trading provides a potential opportunity to boost your revenue. Koinly, a crypto tax platform provider, explains how to easily calculate crypto clients' taxes.
Exclusive
Declaring grants on CT600
- Article
- 03 Feb 2022
A brief summary following the HMRC webinar on how to account for grant monies received via the government coronavirus support schemes on a company corporation tax return CT600, including worked examples and useful links
Exclusive
Cryptocurrency and taxation
- Article
- 09 Dec 2021
The increased interest in Cryptocurrency raises many interesting tax issues for professional and amateur investors investing in cryptocurrency and cryptocurrency entrepreneurs creating new crypto businesses. This article outlines the significant tax issues a tax professional may encounter in relation to cryptocurrency.
Exclusive
Support for reporting and repayment of the SEISS grant monies
- Article
- 03 Nov 2021
Claims for the fifth and final SEISS grant are now closed. There has been some discussion over the SEISS grant being included on the tax return and the implications for tax practitioners. This short article draws together existing available guidance for easy reference.
Exclusive
New VAT penalties from April 2022
- Article
- 28 Oct 2021
All VAT registered businesses will enter a new VAT penalty regime from 1 April 2022, which coincides with the remaining voluntarily registered VAT businesses being mandated into MTD for VAT reporting.
VAT
Exclusive
New VAT penalties from April 2022
- Article
- 28 Oct 2021
All VAT registered businesses will enter a new VAT penalty regime from 1 April 2022, which coincides with the remaining voluntarily registered VAT businesses being mandated into MTD for VAT reporting.
Exclusive
VAT savings for small business clients
- Article
- 11 Jan 2021
Help your small business clients make VAT savings with these practical tips.
Bloomsbury – free for eligible firms
Eligible firms have free access to Bloomsbury Professional’s comprehensive online library, comprising more than 60 titles from some of the country’s leading tax and accounting subject matter experts.