On 16th May, the IASB published guidance regarding the effects of climate related matters on financial statements prepared in accordance with the IFRS for SMEs financial statements. Full guidance can be found here. The guidance contains examples of areas where...
The government is currently consulting on various options to simplify non-financial reporting rules indicating consideration of the appropriateness of the current company thresholds. The Department for Business and Trade (DBT) and Financial Reporting Council (FRC) are...
Defra has published updated guidance regarding farms that have recently been sold. New Defra guidance From 2024 Basic Payment Scheme payments will be delinked which means that new farm owners will not need to apply for BPS, instead this will be calculated based...
Overview A survey from the pharmacy negotiator’s annual pressures survey has found that only 7% of pharmacy owners said their business was profitable, with 44% said their business is losing money and 78% are extremely concerned about their business finances. This...
Second round of the Landscape Recovery Scheme The Department for Environment, Food and Rural Affairs (Defra) has announced a second round of the Landscape Recovery Scheme which was initially launched in 2022. Farmers and land managers can apply for a share of the £15m...
New rules regarding biodiversity net gains have been announced by the Department for Environment, Farming and Rural Affairs (Defra). The main announcement is regarding a mandatory uplift of a 10% minimum biodiversity net gain (BNG). It is believed that this will be...
According to a recent study by Pro Bono Economics over half of charities (54%) have vacancies they are looking to fill. Furthermore, 83% of charities are finding it challenging to recruit as they attempt to meet increasing demand. Recruitment issues These...
There have been UK skills shortages for some time, particularly across the manufacturing and engineering sectors. However, since the pandemic, these skills shortages have spread into other sectors, including hospitality and professional services. In this article, we...
Hundreds of charities and social enterprises across the UK are set to receive a share of tied up and forgotten accounts worth millions. There is £800m worth of dormant assets and the government has recently announced how £76m of these assets will be distributed. The...
A recent study from the Digital Conveyancing Maturity Index found that the average digital maturity of law firms in England and Wales was 43%. Furthermore only 5% of law firms scored higher than 80%. This will perhaps come as a shock too many considering the pandemic...
HGV skills bootcamps Recent figures have revealed that job vacancies in the haulage sector decreased by 15.3% in the final quarter (October to December) of 2022. It is thought that the HGV driver shortage in the UK is still almost 50,000 but it is believed that these...
The UK government has announced a £12.4 million fund to help energy intensive industries cut emissions and reduce costs. An energy intensive industry usually refers to businesses that operate in the industrial sector and for these businesses, energy costs are normally...