Around 50% of accountants feel that the Coronavirus Business Interruption Loan Scheme (CBILS) application process and the time it takes to get a response is “too long”, according to a new survey from adviser-led funding platform Capitalise.com. Some 50% of accountants also suggested that insolvency and recovery, dispute resolution and company valuations will be a key feature of their work in the coming six months. The research also showed 90% of the accountants surveyed confirmed that they have helped their clients access CBILS over the past few months, with 65% confirming they are not charging an additional fee for the service.
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