Most auditors and independent examiners in England and Wales failed to identify failings in charity accounts in 2017/18. The claim comes from the Charity Commission, which scrutinised 296 charity accounts with various annual incomes. The Commission found that accounts reviewed by auditors met its benchmark more regularly than independent examiners. How its benchmark is applied… Continue reading Regulator slams poor standards of charity accounts audits
Employers are being advised to assist employees with covering the costs of childcare, with the school holidays in full swing. Parents who earn more than £131 a week and less than £100,000 a year are eligible for tax-free childcare. The scheme offers up to £2,000 a year towards a child under the age of 12,… Continue reading Childcare scheme – are you eligible ?
Businesses could be set to face an increasing talent gap in the coming years as demand for digital skills continues to rise. The Confederation of British Industry (CBI) said 67% of UK firms currently have unfilled digital vacancies. Its Delivering Skills for the New Economy report also expected 95% of UK businesses to see demand… Continue reading Demand for digital skills on the up and up
The number of people starting apprenticeships has fallen by 26% since the Government’s reforms to the apprenticeship system, according to a report from the National Audit Office (NAO). In April 2017, the Department for Education (DfE) introduced several changes to the apprenticeships scheme, including a levy on large employers and a co-funding requirement from smaller… Continue reading Apprenticeship ‘starts’ fall by a quarter
The Government is considering introducing a new stamp duty surcharge, which is designed to clamp down on overseas wealth being used to buy homes in England. Ministers have expressed concerns that affluent foreign investors, particularly those buying properties in London, have been driving up house prices for domestic buyers. Figures from the Land Registry showed… Continue reading Stamp duty surcharge for the oversea buyer
What can your firm do before 29 March 2019? As the clock continues to tick down to the 29 March 2019, when the UK is scheduled to officially leave the EU at 11pm, there is still much uncertainty around what Brexit will mean for UK business. What is certain is that it will bring change… Continue reading Are we leaving the EU?
The Government has launched a new website service to help businesses prepare for the UK’s exit from the EU later this month. ‘Prepare your business for leaving the EU’ is an online tool that provides information on specific rules and regulations, and aims to inform business owners of what is changing in their sector. The… Continue reading Government launches service to prepare firms for EU exit
Most employers in the UK will see minimum contributions towards their workers’ occupational pension schemes rise from 2% to 3% next month. Businesses are legally obliged to automatically enrol all staff aged between 22 and state pension age, and earning more than £10,000 a year, into a workplace pension. The first workers were automatically enrolled… Continue reading Minimum contributions rise to 3% for employers in April
At a time of political and economic uncertainty, the announcement of several substantial measures in the Budget on 29 October 2018 came as a surprise for many businesses. In fact, the Budget was met with an overall positive reception from industry groups, with the FSB calling it the Chancellor’s “first small-business-friendly Budget”. A range of… Continue reading Budget 2018: Tax and business round-up
Four out of five entrepreneurs in the UK believe the government could do more to support their small business, research claims. Aldermore surveyed 1,799 people, including 642 small business owners, and found 79% of respondents believed existing initiatives did not provide enough support to SMEs. Apprenticeship levy funds go towards the training of apprentices, but… Continue reading Entrepreneurs say they need more support