Aldermore’s Future Attitudes report has found that 70% of business owners at small and medium-sized businesses (SMEs) have no contingency plans in place for senior staff departures. Aldermore says contingency planning for senior staff exits is crucial to ensure business continuity. Having clear processes in place can help minimise the potential financial damage to a […]
Chartered Accountants Wylie & Bisset is advising family business owners that a key element to a successful succession strategy is to take account of the tax implications in doing so. With a recent survey suggesting 80% of family owned business owners believe it is important to involve family members in the business with 78% saying […]
Responding to today’s report from the House of Commons Treasury Select Committee on the impact of business rates on business, Phil Hall, head of public affairs and public policy, AAT, said: “AAT believes that the current business rates system needs an overhaul, and this report from the Treasury Select Committee is an important first step […]
City of London Group Plc (COLG) is very pleased to announce that, during November 2019, its subsidiary, Recognise Financial Services Limited, will be formally submitting its application to the Prudential Regulatory Authority (and the Financial Conduct Authority) to be authorised as a bank. Recognise, has an independent, fully constituted Board under the chairmanship of Philip […]
Commenting on the Q3 2019 (July-September) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, president of insolvency and restructuring trade body R3, says: Underlying corporate insolvencies (seasonally adjusted) rose by 0.4% in Q3 2019 compared to Q2 2019, and rose by 1.6% compared to Q3 2018. “Today’s figures are […]
Three-quarters of UK organisations are not ready for changes to off-payroll working rules, which are being extended to include the private and voluntary sectors in just six months’ time, reveals a new Twitter poll by HR and payroll software and service provider MHR. IR35 is an anti-avoidance tax legislation designed to stop companies from using […]
IR35, the legislation put in place to deter disguised employment tax avoidance, and the effects of the uncertainty over Brexit are combining to cause significant problems for UK businesses and freelancers alike. According to new research by PeoplePerHour.com and TalentDesk.io, which took in the opinions of almost 1200 businesses and freelancers, the combined scenarios have […]
Finance warning to UK’s small business owners as Brexit uncertainty continues 70% of small business owners say Brexit uncertainty has made business harder Long hours and pressure on family life some of the hardest aspects of running your own business Small business owners cautioned on taking loans that will put personal finances at risk – […]
Do your employees work well from home? According to a new study from CV-Library, the UK’s leading independent job board, one in four (40.5%) professionals in the accounting & finance industry admit to slacking off when working away from the office, despite 64.9% suggesting that they’d be more likely to accept a job offer if […]
Secure Trust Bank Group has joined the governments’ SME Finance Charter, making a commitment to support SME customers through Brexit and beyond and help ensure that the market continues to work effectively. The charter is a voluntary agreement led by the Business Finance Council which is in collaboration with finance providers, business organisations and the […]
