Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Understanding termination payments How payments for redundancy are taxed. Read the guide here Is buy-to-let as attractive as it once was? Weighing up the effects of landlord tax changes. Click here to find out more
The coronavirus pandemic has pushed up the number of profit warnings issued by South West listed businesses to a 20-year high, with those in the travel and leisure sector hardest hit. According to new figures from accountancy group EY, profit warnings soared by 73% year-on-year in the first half of 2020 to 26 – with 85%...
The latest edition of Smith & Williamson’s Enterprise leadership publication profiles Tessa Clarke, Bath-based co-founder & CEO of OLIO. The world has a food waste problem: up to half of the food produced globally is never eaten, equivalent to more than $1trillion dollars-worth. That could readily feed the 800m people across the globe without enough food to live on,...
Government figures showing another monthly fall in corporate insolvencies are hiding the true picture of the damaging effect of the coronavirus pandemic on businesses, according to the South West branch of insolvency and restructuring trade body R3. Insolvency Service statistics for June show 732 company insolvencies in England and Wales, lower than May’s figure...
Practical ideas on how businesses can continue to support charities during the coronavirus pandemic are to be aired at a webinar hosted by Quartet, the community foundation for the West of England. The third sector is facing its toughest time for a generation with hundreds of thousands of people needing support just as charities’...
Novia Financial, the Bath-based provider of wealth management service for investment advisers, has launched a service to ensure the security of client documents using biometric verification. The service, the result of a partnership with award-winning technology firm Credas, uses leading-edge technology to verify that a document truly belongs to the person making the transaction. ...
A retired wheelchair athlete and technology consultant from Bath who developed a fast, low-cost way to protect carers working with Covid-19 patients has received a £100,000 investment. Mat Campbell-Hill, pictured, created the AerosolShield mini-isolation tent, put it into production and took the first orders within just seven days. Staff who have used it say...
1pm, the Bath-based specialist lender, has promoted Joe Ralphs to the new post of head of soft asset broker. Joe, pictured, steps up to the position having gained more than 12 years’ industry experience in the 1pm Group. He worked his way up through the ranks by gaining experience as an underwriter and then...
One of Bath’s oldest firms has bounced back from the impact of the coronavirus pandemic on its business and is now ramping up production to meet an increase in demand by using a government-backed loan. Hawker Joinery, which turned 100 last year and hand-creates bespoke items such as high-end windows and doors, found itself...
Bringing Capital Gain Tax (CGT) rates in line with those for Income Tax could hit buy-to-let landlords, portfolios, second homeowners and people with inheritances, according to an expert at Bath-headquartered law firm Royds Withy King. Earlier this week Chancellor Rishi Sunak announced a review of CGT, with many commentators claiming it could result in...
