A call to businesses: respond to EFRBS opportunity

Employers who operate Employee Financed Retirement Benefit Schemes (EFRBS) will be receiving letters from HM Revenue and Customs (HMRC) providing an opportunity to settle any outstanding liabilities. Based on Employee Benefits Trusts, in which trusts (usually offshore) are used to pay staff through tax-free loans, EFRBS are instead put towards employees’ pensions. Employers have until 31 December 2013 to indicate whether they wish to take Read more…

Why is it harder for women to save for a pension than men?

‘Research suggests that only 50 per cent of women in their 30s work full-time, compared with 81 per cent of men of the same age.’ The juggling act of life is tough, and planning for your pension often gets side-tracked when financial pressure is applied from all angles. However, according to this year’s ‘Scottish Widows “Women and Pensions” Report’, it’s largely women who bear the Read more…

10,000 and counting: New entrepreneurs receive the ‘get up and go’ from Start Up Loans

Since its launch earlier this year, the new-business aid scheme, Start Up Loans has recently celebrated the transaction of its 10,000th loan, which was awarded to Cornish entrepreneur, Allen Martin to help him initiate his new business providing online help for landlords. Start Up Loans, chaired by business mogul James Caan, has had a promising year since its conception in 2012, as they are now Read more…

Autumn Budget Statement 2013

Introduction “The hard work is paying off” was the message of this year’s Autumn Statement and while Chancellor George Osborne admitted that there was still work to do, the overall picture was more positive than last year’s statement. Giving his annual statement in response to the Office for Budgetary Responsibility’s (OBR) latest annual growth and borrowing figures, Mr Osborne told Parliament that “Britain’s economic plan Read more…

Cash Flow is King: 5 guides to keeping your business bank balance in good health

Here are just some of the ways in which you and your business can ensure your cash flow remains healthy: 1. Speedy Invoicing Whilst there’s the temptation to leave invoicing until the end of the month and deal with them in bulk, it’s clear that the quicker you can raise an invoice to your clients, the quicker you will be paid. Whether you raise invoices Read more…

New HMRC Taskforce to target undeclared income in South East and South

HM Revenue & Customs are targeting tax cheats in the South East and South of England with the setting up of a new taskforce. The task force aims to recover £2.8 million of tax on undeclared income of individuals and businesses. Those living lifestyles beyond their obvious means through assets from undeclared income and offshore accounts will be identified and brought to account through investigations Read more…

Ilken Energy Limited

As part of an International Group, Ilken Energy Limited manufacture and market power generators aimed at the contractor market. Their unique skill lies in manufacturing their own generator sets at their factory in Turkey; it allows the company to provide products to their customers with the flexibility, price and lead time required, whilst remaining in total control of the product quality. Director Ilhan Ilker says, Read more…

1.6m say ‘I’m in’ to auto-enrolment

More than 1.6 million people have started saving for retirement under the government’s auto-enrolment initiative. The rollout of automatic enrolment of eligible employees into qualifying workplace pension schemes began on 1 October 2012 with the largest employers. All employers will be brought on board by 2018, giving up to 11 million people the chance to save for retirement, many for the first time. To mark Read more…

Countdown begins to national insurance cut

Legislation is on its way that will cut the costs of every business and charity employer by hundreds of pounds next year. The National Insurance Contributions Bill, which was introduced in the House of Commons on 14 October, will cut national insurance contributions by £2,000 for up to 1.25 million employers from April 2014 through the new Employment Allowance. The measure was originally announced in Read more…

Special day showcases small businesses

The UK’s small businesses will step into the spotlight for a special day celebrating what they have to offer next month. The country’s Small Business Saturday, which will take place on 7 December, is inspired by a similar US initiative that generated $5.5 billion in sales in 2012. The event is supported by the government and other major political parties, along with small business organisations, Read more…