Business News

SME staff favour flexible working over other workplace benefits

Posted on 10 Jan, 2019

Flexible working is at the top of the list of the most desired benefits for people working in small and medium-sized enterprises (SMEs), according to new research – with more than two fifths saying that this is their favourite benefit.

Is your business overlooking the cost impact of employee absences?

Posted on 10 Jan, 2019

A recent report has found that more than half of the UK’s employers either do not know or do not record the percentage of payroll represented by sickness absence cost per annum. The report found that only 45 per cent

A detailed look at the minimum pension contributions increase on 6 April 2019

Posted on 10 Jan, 2019

The minimum amounts you and your staff pay into your automatic enrolment pension scheme will increase from 6 April 2019. How this applies to you If you have eligible staff in an automatic enrolment pension scheme, you will need to

Businesses must prepare now for an increase in employment-related costs

Posted on 10 Jan, 2019

An increase in the National Living and Minimum Wage and rising workplace pension contributions could create the perfect storm for small businesses in April. Small businesses owners across the UK will need to prepare themselves for the changes ahead, which

Wage increases accelerate to fastest pace since the recession in 2018

Posted on 10 Jan, 2019

According to the latest data from the Office for National Statistics (ONS) wages have begun to rise at their fastest pace in nearly a decade. Wages were up by 3.3 per cent for the three months to October 2018 compared

Debt recovery costs small businesses an average of £9,000

Posted on 2 Jan, 2019

The cash flow difficulties that late payments cause small businesses are well known. However, the cost of recovering late payments is less well publicised, despite being a major and growing expense – coming in at around £9,000 last year for

Brexit uncertainty sends small business confidence to a seven-year low

Posted on 2 Jan, 2019

Confidence amongst small businesses has tumbled to a seven-year low – in part due to the uncertainty of Brexit. A survey carried out by the Federation of Small Businesses (FSB) has found that nearly one in three small exporters think

An end to the Entrepreneurs’ Relief ‘dilutions dilemma’?

Posted on 2 Jan, 2019

As a business takes off, the level of investment it needs in order to expand can significantly outpace growth in revenues and profits. One of the options open to entrepreneurs at this stage in the development of a business is

Tax rates rise twice as fast in the UK than the international average

Posted on 2 Jan, 2019

According to the Organisation for Economic Co-operation and Development (OECD), UK tax revenue as a percentage of GDP rose to 33.3 per cent in 2017. This was up from 32.7 per cent in the previous year and was more than

Taxpayers offered online tool to assess their self-assessment requirement

Posted on 2 Jan, 2019

It should seem obvious whether an individual must submit a self-assessment tax return annually. Yet, each year, thousands of people find themselves brought into the regime unwittingly. To help taxpayers prepare their affairs accordingly, HM Revenue & Customs (HMRC) is