Every three years employers must re-enrol any staff who have left their pension scheme. Small and micro employers now have to comply with these requirements for the first time. October 2019 marks the seventh anniversary of the start of workplace pension auto-enrolment, with 85% of eligible private sector employees now enrolled according to recently published…
The off-payroll working rules for private businesses are set to change from April 2020, but some recent tribunal decisions have led to uncertainty over determining employment status. The rules, commonly known as IR35, apply where a worker provides services to a client or end-user through an intermediary – typically a personal service company (PSC) owned…
In the run up to the general election the government hinted it would review the IR35 rules scheduled to take effect in April 2020. Is portfolio work an option for finance professionals? Date: Tuesday 18th February 2020 Time: 14:00pm – 16:00pm Venue: AW House, 6/8 Stuart Street, Luton, Bedfordshire, LU1 2SJ What EFM can offer…
Ever since the R&D Tax Credits scheme was launched in the year 2000, it’s been regarded as a resounding success. In fact, each year as much as £4.3 billion of tax relief support is claimed in the UK, providing a valuable cash injection for businesses of all sizes in all sectors. Investing in the future…
Since the 1st September 2019, you need to be aware of a rule change which affects how you use credit notes to account for price changes. How might the changes affect your business? In practical terms, it is more likely that your business will reduce rather than increase the price of certain supplies, e.g. if…
It’s no surprise to hear that good financial tracking will have an impact on the success of your company. Managing the way the money is flowing in and out of your business will affect cashflow and other important aspects of operations. Too often, entrepreneurs don’t have the necessary professional training, which is why they turn…
Informed Funding Workshop: Is Your Business “Investment Ready” Early stage businesses can sound exciting, but investors know how easy it is to pour money into the wrong option (and there are plenty of options). So, validating your business model is a vital step in raising equity. Workshop Timetable: 10:15am | Arrival 10:30am to 12:30pm | Workshop…
Purbeck Insurance Services, the UK’s only insurance provider to offer Personal Guarantee insurance, has revealed that nearly three quarters of SMEs (74%) would be more likely to take out a loan with a Personal Guarantee if they could insure against the risk of providing it. The most common reasons businesses want to take out a…
Most people want to grow a business and sell it or retire at some point in time as well as take some capital value out in the process. Succession planning is therefore something that should always be on the agenda. Indeed, the older you get, proper succession planning becomes more and more necessary. Once you…
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