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Comments Off on Small Firms Not Ready For Data Protection Shake-Up

Small Firms Not Ready For Data Protection Shake-Up

Small Firms Not Ready For Data Protection Shake-Up

Small businesses are worryingly underprepared with little over a month to go before new data protection regulations are introduced. The Federation of Small Businesses (FSB) claims 33% of SMEs have not started preparing for the EU-wide General Data Protection Regulation, which takes effect on 25 May 2018. A similar number (35%) have only recently started … Continued

Comments Off on Small Businesses ‘Hugely’ Embrace Apprenticeships

Small Businesses ‘Hugely’ Embrace Apprenticeships

Small Businesses ‘Hugely’ Embrace Apprenticeships

Small firms in England are positive about the value that apprenticeships bring to their workforce, a year after the apprenticeship levy was introduced in April 2017. According to a study by the Association of Accounting Technicians (AAT), the overwhelming majority of small business owners (96%) say they are likely to take on more apprentices in … Continued

Comments Off on BWM Charity Spring Update Seminar- Tuesday 24 April

BWM Charity Spring Update Seminar- Tuesday 24 April

BWM Charity Spring Update Seminar- Tuesday 24 April

BWM Chartered Accountants are hosting a Charity Spring Update Seminar on Tuesday 24 April from 9am. Full details are provided here. With so much going on in the charity sector we have invited an excellent line-up of speakers to provide the latest updates and share their expert opinions on some of the key topical issues: … Continued

Comments Off on R & D Incentives: How a Business Can Reap the Rewards of Innovation

R & D Incentives: How a Business Can Reap the Rewards of Innovation

R & D Incentives: How a Business Can Reap the Rewards of Innovation

Legislation was introduced some time ago now with the aim of encouraging businesses to increase investment in innovative activities, R&D tax reliefs offer significant benefits for businesses advancing science and technology. These reliefs significantly reduce the corporation tax bill, or if loss – making can generate tax credit repayments. However it is estimated that 10% … Continued

Comments Off on Reduced Dividend Allowance From 6 April 2018

Reduced Dividend Allowance From 6 April 2018

Reduced Dividend Allowance From 6 April 2018

The dividend allowance was introduced in the 2016/17 tax year to encourage people to invest by making the first £5,000 of dividend income earned by shareholders each year tax-free from 6/4/18 the tax-free dividend allowance to will reduce £2,000. Dividends above the £2,000 threshold will be taxed at 7.5% for basic rate taxpayers, 32.5% for … Continued

Comments Off on Consultation Proposing Amendments to the Charities SORP (FRS 102) Now Open

Consultation Proposing Amendments to the Charities SORP (FRS 102) Now Open

Consultation Proposing Amendments to the Charities SORP (FRS 102) Now Open

The Charity Com­mis­sion for England and Wales (‘Charity Com­mis­sion’) and the Office of the Scot­tish Charity Reg­u­lator (OSCR) have issued a joint con­sulta­tion on pro­posed amend­ments to the Char­it­ies State­ment of Re­com­men­ded Prac­tice (FRS 102) (‘Char­it­ies SORP FRS 102) fol­low­ing recent amend­ments to UK ac­count­ing stand­ards. SORPs are in­ten­ded to sup­ple­ment ac­count­ing stand­ards and other legal … Continued

Comments Off on Are You Sure You or Your Workers Are Self-Employed?

Are You Sure You or Your Workers Are Self-Employed?

Are You Sure You or Your Workers Are Self-Employed?

Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the welfare state but reduce the tax contributions needed to sustain it. Most of the people working for organisations such as such as Uber, … Continued

Comments Off on One in 15 Face Fines After Missing Tax Return Deadline

One in 15 Face Fines After Missing Tax Return Deadline

One in 15 Face Fines After Missing Tax Return Deadline

A total of 745,588 people run the risk of being fined by HMRC after missing the deadline to submit their self-assessment tax return. About one in 15 taxpayers failed to beat the midnight deadline on 31 January 2018 to file their annual returns relating to the 2016/17 financial year. Late payers can expect an initial … Continued

Comments Off on Food and Drink Firms Bring in Record £22bn in Exports

Food and Drink Firms Bring in Record £22bn in Exports

Food and Drink Firms Bring in Record £22bn in Exports

Food and drink businesses raised £22 billion from exports in 2017, a record high according to government figures. UK food and drink firms are now exporting products to 217 countries around the world, with whisky proving the most popular – bringing in £4.5 billion last year. This was followed by sales of salmon (£720 million), … Continued

Comments Off on One Million Firms Comply with Auto-Enrolment

One Million Firms Comply with Auto-Enrolment

One Million Firms Comply with Auto-Enrolment

The number of employers that have complied with auto-enrolment passed one million for the first time in January 2018. Data released by The Pensions Regulator showed the total number of employers to have completed their declaration of compliance stood at 1,032,567 in the first month of 2018. More than 600,000 employers complied with their duties … Continued