UK GAAP: A practical guide to making the transition

A guide to the new accounting standards. Accountants aren’t known for being in the business of change. While the external environment around them and the numbers coming in may change, an accountant brings stability and reliability to a business by using established practices to ensure complete compliance. But now the rules governing accounting standards are[…]

Your money: Households overlook life insurance

Fewer than 4 in 10 people view life insurance as essential, according to a report by Scottish Widows. The research, which investigated people’s financial priorities, showed that people prioritise broadband (80%) and mobile phone (71%) services over life insurance (39%). The majority of the 5,144 people surveyed do not have protection in place: 33% have[…]

Flexible working not advertised during recruitment

Employers could be missing out on top talent by not advertising flexible working arrangements during recruitment, a report by Timewise has suggested. The jobs board found that 6% of all jobs offering a salary between £20,000 and £29,999 advertise flexible working arrangements during recruitment. Higher salaried jobs were less likely to offer flexible work: 3%[…]

New holiday pay rules come into effect

Employers will need to account for overtime when calculating holiday pay from 1 July 2015. The Employment Appeal Tribunal (EAT) ruled in November 2014 that employers must factor in overtime, commissions and bonuses when making holiday pay calculations, instead of only taking basic pay into account. Holiday pay for employees who receive irregular remuneration will[…]