Head count or productivity?

In the not to distant past business managers were prone to “empire building”. Increasing head count was more important than increasing productivity. This bygone-age tendency has long slipped away but productivity is likely to remain as a leading...

Why are profits important?

Dictionary definitions of the word profit tend to include such synonyms as “advantage”, “financial gain” and “financial advantage”. Longer explanations might say: the difference between the amount earned and the amount spent in...

Furlough Scheme over-claims

HMRC’s guidance makes it clear that any business that makes an error in making a Coronavirus Job Retention Scheme (CJRS) claim must pay back any amount over-claimed. Any claims based on inaccurate information can be recovered by HMRC. The CJRS application claim...

Furlough Scheme maximum claims

As our readers will be aware, the Coronavirus Job Retention Scheme (CJRS), has been extended until 31 October 2020. There are a number of important changes to the way the scheme works that will start to come into effect from 1 July 2020, when employers can bring back...

COVID-19 business loan support statistics

HM Treasury has published its weekly update (to close of business on 7 June 2020) on COVID-19 lending schemes designed to support businesses impacted by the pandemic. Under the Coronavirus Business Interruption Loan Scheme (CBILS), 47,650 businesses have received...