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UK facing ‘unprecedented’ need for insolvency advice

Insolvency advice can help individuals decide what to do if an interruption of their income, redundancy or job loss leads to having insufficient funds in the bank to service all of their outgoings. This is an ongoing concern at all times, but in 2020 has been...

Holiday Lettings Come Under Srutiny

As part of a Government initiative into holiday lettings, Airbnb has agreed to help HMRC investigate individuals who use their platform and incorrectly declare their income to reduce their tax liabilities. Renting a spare room or second home out on Airbnb and similar...

What is DCEP and can we expect to see it in the West?

While Western governments continue to debate the best ways to regulate and tax cryptocurrencies like Bitcoin, the Chinese government have seized the initiative by launching DCEP, a digital currency linked with the country's physical currency, the yuan. Unlike other...

Small business tax guide

When starting a small business, tax is one subject you should not leave for later. Missing a tax deadline can be a costly mistake, as you may incur penalties from HMRC, or at lease be expected to pay interest on overdue taxes. Even if you have been self-employed in...

Types of insolvency and when they may be necessary

Many people hear the word insolvency and immediately think of bankruptcy, but across the range of commercial insolvency and personal insolvency, there are several different types of insolvency to choose from. Often the circumstances will dictate the best type of...

How will COVID-19 speed up Bitcoin regulation?

The turbulent history of Bitcoin continues in 2020, with the cryptocurrency struggling to regain the milestone value of $10,000 - only half its peak value of nearly $20,000 in late 2017. During the spring and summer, Bitcoin has pushed at the threshold of five figures...

Crawfords and COVID-19

Here at Crawfords, we understand the current situation for businesses is incredibly uncertain and, as your accountants, you’ll be relying on our support now more than ever. With that in mind, we wanted to take the time to update you on how we’ve adapted to the...

Was the NHS ready for the coronavirus surge?

As we move beyond the peak of the COVID-19 pandemic - and hopefully avoid any further acceleration in the UK - uncertainty about the future will give way to debate about what we can learn in hindsight. It's just a few short weeks since the first fatalities in the UK,...

How to prepare your business for Coronavirus

The impact of the novel coronavirus COVID-19 - known to many people simply as Coronavirus - is still unfolding at a very rapid pace and the full extent of that impact will not be known potentially for many weeks and months. However, preparing your business for...

Bitcoin bounces back over $10,000 amid coronavirus concerns

Cryptocurrency investors who gambled on Bitcoin since 2018 could have the coronavirus outbreak to thank for recent gains in value, as our cryptocurrency accountants at Crawfords have seen its price rise since the first cases were reported in Europe. Value Climbing...

HMRC’s investigation into Cryptocurrency Taxation

Ten years ago Bitcoin emerged as the first digital currency, and those who made the lucrative choice to invest in this new digital asset are the envy of many today. Over the last ten years the value of one bitcoin has increased from just a few pence to over £6,500 in...

Annual house price growth hits 2.1%

The Halifax House Price Index for November 2019 saw annual house price growth reach 2.1% following its biggest monthly rise since February. Compared with the previous month, house prices were up by a full percentage point at an average of £234,625. The quarterly...

US expats in the UK at risk of having bank accounts frozen

British citizens who were born in the US face having their bank accounts frozen due to a Catch-22 in the American tax system, according to a recent report in the Guardian. The newspaper reported that there are potentially tens of thousands of people born in the US but...

Is it time for laws to be imposed on crypto currency?

Some of the most desirable features of cryptocurrencies - their anonymity and lack of regulation - are also some of the biggest risks for investors and the loudest alarm bells for governments around the world. Cryptocurrency: The volatile investment There are many...

How do new GP contract payments affect practices?

The new rates of global sum and GP contract payments published by NHS England earlier this year have different implications for healthcare accounting for practices in different parts of the country. When the new payment rates were published, GPonline had a pair of...

Facebook announces global coin ‘Libra’ for 2020

An official announcement by the Libra Association has ended speculation over whether Facebook will introduce a global coin - a universal digital currency - under that name in early 2020. In its announcement the Libra Association, which includes Facebook among its...