Category: Business

Comments Off on ‘Zero-Hours’ Contract under scrutiny

‘Zero-Hours’ Contract under scrutiny

The Chartered Institute of Personnel Development defines a zero-hours contract as an arrangement where someone agrees to be available for work when required without a specific number of hours or times of work. Employers are not required to offer work to employees on these contracts and employees are not obliged to accept any work offered … Continued

Comments Off on Economic Update: August 2013

Economic Update: August 2013

Economic Update: August 2013

Is the UK finally on the road to economic recovery? We take a look at how our economy has fared over the last six months. Looking back Although economic recovery in the UK remains slower than anyone would like, the past six months have shown encouraging signs of an economy beginning to get back on … Continued

Comments Off on Customer data rights awareness

Customer data rights awareness

Customer data rights awareness

Under the Data Protection Act, any business, organisation or sole trader handling personal individual information has a legal obligation to protect this data. According to the Information Commissioner’s Office (ICO), consumers are showing an increasing awareness of how their data should be handled, with a knock on effect to their attitude towards businesses. It prompted … Continued

Comments Off on Business red tape – cuts and new regulations

Business red tape – cuts and new regulations

Business red tape – cuts and new regulations

Published twice a year, the Government’s Statement of New Regulations details all regulations – including EU measures – due to come into effect over the following six months. As part of the Government’s ongoing drive to reduce the red tape burden on businesses, July’s statement introduces 11 measures: five de-regulatory measures; three new measures which … Continued

Comments Off on RTI rules eased for SMEs

RTI rules eased for SMEs

The shifting of the PAYE system to Real Time Information (RTI) is well underway, with nearly 1.4 million employers now reporting their employee PAYE information to HMRC before, or on, the date that payments are made. This translates to 83 per cent of small and medium sized enterprises (SMEs). However, SMEs have been granted some … Continued

Comments Off on Businesses optimistic about recruitment and growth

Businesses optimistic about recruitment and growth

Businesses optimistic about recruitment and growth

One in five small businesses feels optimistic about growth and expansion following the Government’s announcement to introduce a £2,000 allowance towards employer National Insurance contributions (NICs), research by Direct Line for Businesses has found. A third of businesses also plan to recruit additional staff to take advantage of the reduced cost of employment once the … Continued

Comments Off on HMRC extends monthly RTI respite to 2014

HMRC extends monthly RTI respite to 2014

HMRC extends monthly RTI respite to 2014

HMRC has extended the temporary relaxation of real time information (RTI) reporting rules for small businesses for a further six months to April 2014.   The relaxation applies to businesses with less than 50 employees and was originally set to run until October 2013.   In March, HMRC announced the easement after a widespread campaign … Continued

Comments Off on Is lack of technology holding your business back?

Is lack of technology holding your business back?

Research from the Federation of Small Businesses (FSB) has revealed that small businesses are spending an average of £3,500 a year on technology in a bid to grow and create jobs. Of the 2,200 people surveyed: 85 per cent identified investment in technology as a key driver of growth 62 per cent said it had … Continued

Comments Off on Repayment warning for interest-only borrowers

Repayment warning for interest-only borrowers

Repayment warning for interest-only borrowers

Interest-only mortgages were popular during the housing booms of the early nineties and ‘noughties’. Typically, borrowers make monthly repayments that cover only the interest on the amount borrowed. The capital (the full amount borrowed) is then paid back when the mortgage term matures – typically after 25 years – using funds such as savings or … Continued

Comments Off on Employee share buy-back rule relaxed

Employee share buy-back rule relaxed

Evidence suggests that employee-owned businesses – those in which members of staff own a stake (often in the form of shares) in the business – are likely to show increased productivity and, as a result, increased profitability compared with those that do not. According to research conducted by the Cass Business School in 2010, employee-owned … Continued