The National Live in wage is set to rise in April 2017 and will replace some of The National Minimum Wage rates per hour depending on your age and whether you’re an apprentice – you must be at least school leaving age to get it.New rates, which come into effect from 1 April 2017. Previous Read more about National Minimum Wage and Live In Wage rates from 1 April 2017[…]
The Information Commissioner wants all directors to be made personally liable for any breaches of data protection laws committed by their companies.All companies, regardless of their size, are legally required to comply with the Data Protection Act 1998. As the law currently stands, where a company breaches the Act the directors cannot generally be held Read more about Personal Liable for Data Protection?[…]
Some UK companies are required to have their annual financial statement audited, and others are exempt from the statutory requirement due to their size or (in a few cases) their nature.Organisations which fall below certain thresholds are usually exempt from audit, unless they are members of a group.The thresholds determining company size for accounting purpose Read more about Do I Need An Audit?[…]
Such a simply question, you would think, however it produces a complicated answer. For this calculation, we have assumed the following:The director wants to preserves their entitlement to state benefits, andThe director wants a salary which saves the most tax and national insurance.First of all let us look at preserving your entitlement to state benefits. Read more about As a director, what should I pay myself in 2017/18?[…]
Have you received an email that looks like the image below? The subject of the email: Company Investigations Inquiry Notice. If you receive an email like this you should delete it. Do not click on any links contained in the message as users are forwarded to a site that downloads malware. The company this email Read more about Email scam warning – Company Investigations Inquiry Notice[…]
From April 2017 businesses with an annual wage bill of £3million and above will have to pay the apprenticeship levy. However, they can claim it back to the extent that they spend the money on training apprentices.In early 2016, the government hinted that businesses that don’t spend their levy will be able to transfer it. Read more about Apprenticeship Levy – Update[…]
Internal Fraud Hits 20% of Small Businesses According to ActionFraud nearly one in five small businesses have been defrauded by an employee at some point during their trading history, causing significant loss and in some cases have destroyed a business.What is internal fraud?Internal or employee fraud is fraud which is committed against a company or organisation Read more about Internal Fraud Hits 20% of Small Businesses[…]
Mini-bonds Are mini-bonds right for your business? Firstly, what is a mini-bond? Mini-bonds are a way for businesses to raise money. You decide how much money you need to raise and set a fixed interest rate per annum, for example 6%, that you’re prepared to pay for the period of the bond. Decide on Read more about Are mini-bonds right for your business?[…]
Our Director Samantha, has been shortlisted for Accountant of the year in the IAB UK and International Business and Skills Awards 2016. This national award recognises accountancy talent that has made an invaluable contribution to their clients, by going above and beyond to help their clients. The 2016 IAB UK and International Business and Skills Read more about Finalists in IAB UK and International Business and Skills Awards 2016[…]