Umar Memon
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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%).… Read more Your money: Households overlook life insurance
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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… Read more Flexible working not advertised during recruitment
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Copyright theft puts business development at risk
A quarter of businesses with intellectual property have had their patent violated over the past 5 years, according to research by the Federation of Small Businesses (FSB). The survey found that almost 1 in 3 businesses with intellectual property rely… Read more Copyright theft puts business development at risk
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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… Read more New holiday pay rules come into effect
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PAYE late filing penalties are relaxed by HMRC
HMRC officials have acknowledged that they will start relaxing late filing penalties for people who send PAYE information late. In a statement released on 17 June 2015 they acknowledged that they will take a more proportionate approach and concentrate on the… Read more PAYE late filing penalties are relaxed by HMRC
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Companies House obligations for newly formed companies
If you have just formed a new company and been appointed as the director there are a number of obligations you should be aware of, two of these being the filing of company documents with Companies House. The documents which Companies… Read more Companies House obligations for newly formed companies
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Improving cashflow
A guide to improving cashflow and tackling late payment. More than any other factor, a business is defined by the balance between the money coming in and the money going out over any period of time. Ideally, the scales should… Read more Improving cashflow
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Auto-enrolment: infrequently asked questions
A guide to the finer points of auto-enrolment. The process of auto-enrolment continues to rumble on quietly with the majority of companies passing their staging dates without major incident. However, for the few that fail to comply with their workplace… Read more Auto-enrolment: infrequently asked questions
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Your Money: Financial assets drive rise in household wealth
Financial assets such as pensions and shares are driving a rise in household wealth, research by Lloyds Bank has suggested. Based on data from the Office for National Statistics, the study found that total household wealth increased by £1.5 trillion during… Read more Your Money: Financial assets drive rise in household wealth
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Small businesses unprepared against digital attacks
More than 4 in 10 small and micro businesses have experienced digital crime, according to a survey by the Association of Accounting Technicians (AAT). The survey of 1,000 business owners with less than 49 employees reveals that 42% have suffered… Read more Small businesses unprepared against digital attacks