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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:

Taylor report recommends review of cash-in-hand - August 9, 2017
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Cash-in-hand payments should be replaced with technology driven alternatives in the hopes of collecting up to £6 billion more in tax – this is the conclusion of a Government-commissioned review conducted by Matthew Taylor, head of the think-tank the Royal Society of Arts. The 116-page report, entitled Taylor Review of Modern Work Practices, was commissioned to … Continue reading Taylor report recommends review of cash-in-hand


Two fifths of SMEs say investment plans have been negatively affected by Brexit - August 9, 2017
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A new survey from the Confederation of British Industry (CBI) has revealed that more than 40 per cent of UK businesses believe that Brexit has hurt their investment plans. The Confederation’s latest Investment Survey clearly asked 357 companies in the UK how the UK’s decision to leave the EU had affected their plans, with nearly … Continue reading Two fifths of SMEs say investment plans have been negatively affected by Brexit


Credit and debit card charges to be banned as cashless economy grows - August 9, 2017
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From January next year businesses across the UK need to ensure that consumers are no longer being charged extra for paying by debit or credit card, according to new legislation from the Government. It is thought that in 2010 alone customers spent £473 million on charges from card payments, which is why the Treasury has … Continue reading Credit and debit card charges to be banned as cashless economy grows


HMRC given an extra £5.3 million to enforce minimum wage compliance - August 9, 2017
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According to the Government’s latest Labour Market Enforcement Strategy report HM Revenue & Customs (HMRC) is to receive an additional £5.3 million of funding in 2017/18 to ensure businesses are paying employees the national minimum wage (NMW) and national living wage (NLW). This follows on from a previous increase of £20 million in 2016, which … Continue reading HMRC given an extra £5.3 million to enforce minimum wage compliance


Huge fines for employers stalling workplace pensions - July 24, 2017
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Around 800,000 small businesses are yet to enrol into the Government’s flagship pension scheme, new figures have revealed. The Pensions Regulator, which published the report, said nearly eight million employees are now saving into a workplace pension, but thousands of employers remain non-compliant. Launched in October 2012, “auto-enrolment” requires all employers – no matter if … Continue reading Huge fines for employers stalling workplace pensions


Five ways to get more enjoyment from your money - July 24, 2017
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While most of us invest a lot of time and thought about how to improve our finances, we do not tend to spend quite as much time looking at how our finances can improve our lives. But research is showing that not all wealth is equal, with some spending having a greater impact on happiness … Continue reading Five ways to get more enjoyment from your money


Persons of Significant Control – changes to Companies House Reporting - July 24, 2017
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Last year saw a raft of changes come into effect at Companies House. Amongst the measures introduced was the requirement for companies to maintain a register of Persons of Significant Control (PSCs). New rules, which came into effect on 26 June 2017 mean that companies need to report all changes to their PSC information as … Continue reading Persons of Significant Control – changes to Companies House Reporting


Britain faces ‘a business support black hole’ post-Brexit, according to the FSB - June 19, 2017
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A new study from the Federation of Small Businesses (FSB) has indicated that the UK’s army of small firms will face a funding shortfall of around £3.6 billion by 2021 as a result of the UK’s withdrawal from the EU. According to the FSB’s data, around eight out of 10 SMEs have tried to access … Continue reading Britain faces ‘a business support black hole’ post-Brexit, according to the FSB


The Big Squeeze – Pay and consumer spending to slow down - June 19, 2017
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With inflation hovering around 2.7 per cent, many businesses are facing a period of higher costs and reduced consumer spending – a trend which could see average pay rises this year hit just one per cent, according to the Chartered Institute of Personnel and Development (CIPD). In its latest report, the CIPD said that this … Continue reading The Big Squeeze – Pay and consumer spending to slow down


Software that makes you WannaCry – The importance of cyber security - June 19, 2017
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Last month more than 200,000 computers in 150 countries were infected during the WannaCry ransomware attack, including the systems of a number of NHS trusts. This cyber-attack caused mass hysteria and crippled a number of businesses and organisations – often highlighting the vulnerability of some of the world’s largest IT systems. Through their actions the … Continue reading Software that makes you WannaCry – The importance of cyber security


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