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Business News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Autumn Statement 2016 - November 23, 2016
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For weeks now, senior figures from the world of business have been at pains to point out just how important this year’s Autumn Statement will be. The new Chancellor, Philip Hammond, stepped up to the despatch box to give his most significant speech since he took charge of the Treasury during the summer. If his … Continue reading Autumn Statement 2016


Businesses reminded of changes to National Minimum Wage - November 8, 2016
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From 1 October the UK national minimum wage (NMW) has increased for all workers under the age of 25. For the 270,000 workers aged 21-24 in the UK earning the NMW this means they have seen their hourly wage rise to £6.95 from £6.70, which for those working a typical 35 hour week will mean … Continue reading Businesses reminded of changes to National Minimum Wage


Accountancy body issues cyber crime warning - November 8, 2016
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The Institute of Chartered Accountants in England and Wales (ICAEW) has issued a warning to businesses about the need to put measures in place to avoid falling victim to cyber crime. In its Audit Insights: Cyber Security report, the organisation warns that while businesses have a good awareness of the risks around cyber crime, this … Continue reading Accountancy body issues cyber crime warning


More than a third of companies unaware of apprenticeship levy - October 25, 2016
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New research from the British Chambers of Commerce (BCC) has revealed that more than one in three businesses have not heard of the apprenticeship levy. The BCC is calling on the government to communicate better with businesses about the apprenticeship funding reforms, which will affect businesses with a pay bill that exceeds £3 million a … Continue reading More than a third of companies unaware of apprenticeship levy


FSB sounds alarm on National Living Wage - October 25, 2016
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The Federation of Small Businesses (FSB) has issued a warning about the impact of the introduction of the new National Living Wage (NLW) on the ability of some SMEs to turn a profit. Research, published by the FSB in September, found that the introduction of the NLW of £7.20 per hour in April 2016 had … Continue reading FSB sounds alarm on National Living Wage


Businesses brush off Brexit fallout - September 14, 2016
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Almost half of Britain’s business owners do not think Brexit will have an impact on their company, according to a new study from delivery service CitySprint. Surprisingly a fifth of those questioned also said they wanted the government to immediately trigger Article 50 of the Lisbon Treaty, which will officially start Britain’s exit from the … Continue reading Businesses brush off Brexit fallout


More than one in five insolvencies the result of late payments - September 14, 2016
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A new report from insolvency trade body R3 has revealed the damage done to small firms by customers making late payments for goods and services. According to their most recent survey of the insolvency profession, late payment was the primary cause in 23 per cent of insolvencies during the last 12 months, while the closure … Continue reading More than one in five insolvencies the result of late payments


Research indicates low awareness of alternative funding among businesses - August 15, 2016
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A new survey by the British Chambers of Commerce (BCC) has revealed a staggering lack of knowledge about alternative finance options amongst businesses. The BCC survey of 1,000 businesses has shown that, while 93 per cent of firms were familiar with traditional bank overdrafts, only 19 per cent were aware of newer mezzanine finance options. … Continue reading Research indicates low awareness of alternative funding among businesses


Accountants key to business success, say academics - August 15, 2016
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Academics from the Bucharest University of Economic Studies and the International Federation of Accountants have found a strong link between a firm having a good relationship with its accountants and its overall performance after examining more than 90 studies. Amongst the studies they examined was Australian research into the relationships between SMEs and their accountants … Continue reading Accountants key to business success, say academics


Total pension savings up on back of Auto-Enrolment - August 15, 2016
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Figures published recently by the Prudential have shown a significant increase in the total amount put away by UK workers towards their pension pots. UK workers’ pension contributions last year amounted to more than £9.3 billion – a 17 per cent increase on the 2010/11 tax year and the second highest figure in the last … Continue reading Total pension savings up on back of Auto-Enrolment


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