Pension liberation fraudsters targeted

Government ministers, regulators and figures from the pensions industry met last month to discuss how to tackle ‘pension liberation’ fraudsters. The Financial Conduct Authority and the Serious Fraud Office were also at the meeting on 12 September. Pension liberation scams convince people to hand over their pension pot in exchange for early access to the[…]

Micro-business accounting rules relaxed

The UK’s 1.5 million micro businesses will now be able to prepare and publish much-reduced financial statements, as the Government’s drive to reduce the red-tape burden on businesses continues. A micro business has: a balance sheet total of no more than £316,000 a net turnover of no more than £632,000 10 (or fewer) employees. Despite[…]

Top tips for securing business finance

New guidance for businesses on securing bank finance has been released by two leading membership organisations from the business and banking sectors. The Federation of Small Businesses (FSB) and the British Bankers’ Association (BBA) joined forces as part of Small Business Advice Week 2013, which ran from 2-8 September. The top five tips are: Develop[…]

Apprenticeships given high success score by BIS

According to recent Department for Business, Innovation and Skills (BIS) surveys the majority of apprenticeships provide benefits to apprentices and business, Eight out of ten (83%) apprentices said their apprenticeship improved their ability to do their job and boosted career prospects.  In a separate survey, 72% of employers said apprenticeships improved their product or service[…]

Posted in HR

Getting new workers started: checklist

As we move towards the end of the year and with the economy showing signs of recovery, you may be planning to take on new workers in some capacity.  Here are a few do’s and dont’s when taking on new people: Do: make the recruit feel welcome prioritise training that will make the worker useful[…]

Posted in HR

Zero hours contracts: best practice

Zero hours contracts have been in the news recently, with figures suggesting that they are used to employ between 250,000 and one million workers. Zero hours contracts are contracts for casual work, under which the employer does not guarantee to provide the worker with any work and pays the worker only for work actually done.[…]

Posted in HR

Regulation and rate changes

Most new regulations affecting businesses come into force on ‘common commencement dates’ in April and October each year. The Government’s commitment to reducing the regulatory burden on businesses is being enforced with three key ideas: 1. One-in-One-Out Departments and ministers have to justify any increases in the cost of regulation by finding savings of at[…]