Weybridge-based accountants TWP are offering businesses advice on the advantages of creating share schemes to incentivise their workforce. It comes as recent research shows that wages for the majority of workers in the UK are falling in real terms against inflation, meaning that many are now worse off in real terms. Enterprise management incentive (EMI) […]
Pensioners with ‘capped drawdown’ pensions could find that they are hit hard in the pocket this summer as a consequence of a little-known change. Under ‘capped drawdown’ arrangements, which were available until 2015, individuals were able to retain their full annual allowance of £40,000 on pension contributions, while drawing down their pension pot. Individuals drawing […]
Research from the Centre for Economics and Business Research think tank predicts that UK parents will contribute as much as £6.5 billion to their children’s property purchases this year, representing more than a quarter of new home purchases. But if you are looking to support your children with a home purchase, there is more to […]
A growing number of savers who have stocks and shares ISAs are finding that they are becoming ISA millionaires, boosted by a quickly rising stock market. Including reinvested dividends, the FTSE All Share index gave a return of 22 per cent over the 2016-17 tax year. The UK’s largest stockbroking firm has reported that the […]
The Office for National Statistics has published the latest employment statistics which reveal: Estimates from the Labour Force Survey show that, between October to December 2016 and January to March 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not […]
The latest Compliance and Enforcement Bulletin from the Pensions Regulator (TPR) makes interesting reading as it sets out cases and the powers TPR have used relating to automatic enrolment and associated employer duties. TPR are warning employers that ignoring TPR penalties could seriously damage a business’ reputation. TPR are maintaining a tough approach towards those […]
The National Cyber Security Council (NCSC) has published guidance for small businesses about how they can prevent, detect and respond to ransomware attacks following the widespread ‘WannaCry’ ransomware attack in early May. Further guidance has been produced by the Charity Commission for England and Wales for charity trustees on this issue. Internet links:www.ncsc.gov.uk/guidance/ransomware-latest-ncsc-guidance www.gov.uk/government/news/ransomware-threat-keep-your-charity-safe
New company car advisory fuel rates have been published which took effect from 1 June 2017. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or […]
The Small Business Taskforce has outlined its priorities ahead of the General Election. The Taskforce which is made up of 14 organisations, including the Institute of Chartered Accountants in England and Wales (ICAEW), Enterprise Nation and the Entrepreneurs Network, has set out six key recommendations in its election manifesto to help ‘build a positive and […]
Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare launched at the end of April and is being rolled out to parents, starting with those parents with the youngest children first. For every £8 a parent pays in, the government will pay in an extra £2. Parents can receive […]
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