News and information affecting businesses from AVASK

ICAEW calls for reform of ‘inflexible business rates’

AVASK Marketing Business News

The Institute of Chartered Accountants in England and Wales (ICAEW) has called for reform of ‘inflexible business rates’ as businesses continue to struggle through the coronavirus (COVID-19) pandemic. A third of firms say they need government support to survive the next six months, according to a survey of ICAEW members. …

News and information affecting businesses from AVASK

IoD outlines reforms to Prompt Payment Code

AVASK Marketing Business News

The Institute of Directors (IoD) has outlined reforms to the Prompt Payment Code. The IoD recently submitted its views to the government on how best to strengthen the Code. These include establishing a transparent process for dealing with Code suspensions, removals and reinstatements, and implementing a traffic light system to …

News and information from AVASK about HM Treasury, London, UK

Government outlines plans to protect future of cash

AVASK Marketing Business News, English

The government has outlined plans to protect the UK’s cash system and ensure people have easy access to cash. The Treasury stated that although cash use is declining, with people increasingly choosing cards, mobiles and e-wallets to make payments, it remains crucial for groups across the UK, including the elderly …

News and information from AVASK about accounting and taxation

Tax rises ‘inevitable’, says IFS

AVASK Marketing Business News, English

The Institute for Fiscal Studies (IFS) has suggested that the UK will require tax rises of £40 billion or more per yearduring the middle years of this decade to stop debt spiralling upwards as a result of the coronavirus (COVID-19) pandemic. According to new research from the IFS, government borrowing …

Amazon Prime Day: selling opportunities for Sellers by AVASK

Amazon Prime Day 2020: Opportunities for Sellers

Giulia Barazza Amazon, E-commerce News, English

It is official: Amazon Prime Day 2020 has finally been confirmed for 13th and 14th October. Back in July, Amazon postponed the popular shopping event following the record-breaking demand caused by the coronavirus pandemic and a subsequent strain on its fulfilment system. Now, after months of speculation and leaked dates, …

News and information from AVASK about accounting and taxation

Retirement plans altered by pandemic

AVASK Marketing Business News, COVID-19 News, English

The COVID-19 pandemic has changed the retirement plans of one in eight older workers, according to research by the Institute for Fiscal Studies (IFS). The think tank’s study was based on a survey of data from the English Longitudinal Study of Ageing (ELSA) COVID-19 survey covering some 10,000 people aged …

News and information from AVASK about Fraud Prevention & Cyber Security

Cyber security top risk for audit executives, research suggests

AVASK Marketing Business News

Research published by the Chartered Institute of Internal Auditors (Chartered IIA) has suggested that cyber security is the top corporate risk for audit executives. 79% of audit executives stated that cyber security is a significant risk for their organisation, with 27% singling it out as the number one risk they …

News and information affecting businesses from AVASK

Business groups welcome extended coronavirus support

AVASK Marketing Business News, COVID-19 News

Business groups have broadly welcomed the extended business support measures announced in the Chancellor of the Exchequer’s Winter Economy Plan. Commenting on the Job Support Scheme, Dame Carolyn Fairbairn, Director-General at the Confederation of British Industry, said: ‘These bold steps from the Treasury will save hundreds of thousands of viable …

News and information from AVASK about Chancellor of the Exchequer, Rishi Sunak

Chancellor outlines Winter Economy Plan

AVASK Marketing Business News, COVID-19 News

A new emergency jobs scheme will be introduced to protect jobs during the coronavirus (COVID-19) downturn this winter, Chancellor Rishi Sunak has announced. The Jobs Support Scheme, which will replace the furlough scheme when it ends on 31 October, will see workers get up to 77% of their normal salaries …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

NAO calls on Treasury to safeguard access to cash

AVASK Marketing Business News, COVID-19 News

The National Audit Office (NAO) has called on the Treasury to safeguard access to cash after the coronavirus (COVID-19) pandemic accelerated the transition to cashless payments. The NAO has warned that without co-ordinated effort there is a risk that vulnerable people who rely on cash will be excluded from the …