Rise in losses from staff fraud
According to RSM the amount that businesses have lost as a result of staff fraud has doubled in the past year. ActionFraud stated that businesses reported losses because of staff fraud of £40m in 2016-17, but that has…
Have we seen the end of the traditional 9 to 5 working day?
New research suggests that the traditional 9 to 5 working hours are now only the norm for the minority of workers. A newly published YouGov survey has found that only 6% of those answering were working the traditional…
Is the Christmas party tax allowable?
It may only be September, but many of us will have already booked our work Christmas party to celebrate. But what are the costs to your business of the Christmas party and what is tax allowable for your…
Ageing SME directors are driving down the value of their business – and it’s costing their retirement!
A new study by Moore Stephens has shown that ageing directors of SMEs are failing to make adequate exit plans from their business, and thus driving down its worth and what they make from it when they retire.…
Auto-enrolment pensions spot checks are on the increase
The Pensions Regulator is increasing the amount of auto-enrolment spot checks it carries out, looking across Essex, Kent, Hertfordshire, Bedfordshire and Cambridgeshire. Over the last 12 months it has concentrated its efforts in the larger cities of London,…
The number of sick people going into work is on the increase
According to new research from Reuters, people are going to work even if they’re sick, and it’s on the increase. The number of working days lost due to illness has fallen to it’s lowest ever rate, but that…
A Contractor group has called on HMRC to open a ‘suicide hotline’ in response to the new loan charge
Volunteer support group – the Loan Charge Action Group (LCAG) – which represents contractors and freelance workers, has called on HMRC to set up a 24 hour ‘Suicide Hotline’ to deal with the increasing number of people concerned…
Non taxable benefits and payments to employees
Not many people realise but there is an extensive list of benefits and payments that an employer can give to an employee without having to pay income tax or national insurance on and they do not have to…
50% of employers in the UK expect to struggle to find staff
A survey by the Recruitment and Employment Confederation (REC) has revealed that half of employers in the UK believe that they will struggle to find the permanent members of staff that they need. 600 employers were polled between…
What can HMRC find out about you?
What can HMRC find out about you? When meeting new prospects we often hear “Well, HMRC won’t find out about that’ and we cringe. Not just because they’ve just effectively admitted tax evasion, but because HMRC can find…