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[…]

Employee-owned businesses and tax incentives

The Government is increasing the number of tax incentives associated with employee share schemes in a bid to boost the number of John Lewis-style, employee-owned businesses in the UK. The independent Nuttall Review in 2012 concluded that companies operating in this model are more resilient during economic downturns, have a faster job creation rate and[…]

Posted in Tax

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[…]

Economic Update: August 2013

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 track. Following contraction in the last part of 2012, news that the economy grew by 0.3 per cent in the first three months of 2013[…]

Starting in business

Around 400,000 businesses start up every year. It is estimated that around one third of these cease trading within the first three years. But new business owners do not set out to fail. So what steps can you take to ensure you don’t fall into the failure category? Starting up a new business can seem[…]