Wilder Coe LLP - July 2013

Welcome to the Wilder Coe LLP Newswire

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

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Wilder Coe are proud to welcome Artaius Ltd!

We are pleased to announce that as of 1st July 2013, our subsidiary Artaius Limited has merged with our main Wilder Coe LLP business, bringing their considerable outsourced accounting and company secretarial expertise to our clients under the Wilder Coe brand.

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Do your policies and procedures work for your company?

Any business that has people working for it needs to have suitable policies and procedures.

With human nature being what it is, employees may test limits and act "creatively" in workplace situations, so it is vital that you have a strategy for developing, communicating and enforcing a set of policies and practices that reflect your company standards.  

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UK counts 52bn cost of fraud

Fraud is costing the UK economy billions of pounds a year, new research has found.

The Annual Fraud Indicator, compiled by the National Fraud Authority (NFA) and published on 6 June, put the annual cost at £52 billion.

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RTI rule relaxation extended

HM Revenue & Customs (HMRC) is to extend the temporary relaxation of new Real Time Information (RTI) reporting rules for businesses with fewer than 50 employees.

HMRC originally announced the rule relaxation on 19 March for employers with fewer than 50 employees who pay employees weekly or more frequently, but only process their payroll monthly.

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Red tape freeze extended to more businesses

A freeze exempting small businesses from some new regulations is to be extended to larger enterprises.

Business Minister Michael Fallon announced on 6 June that the freeze exempting businesses with fewer than ten employees from burdensome new regulations would be extended to firms with up to 50 staff, and will continue from 2014.

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Underpaid workers win 4 million in back wages

Failure to pay their workers the national minimum wage has cost employers targeted by HM Revenue & Customs (HMRC) £4 million.

HMRC secured an average of £300 in back pay for 26,519 employees, topping up wages that had previously been below the legal minimum rate, in the 2012-13 financial year.

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Directors to face pay clampdown

The government has introduced new measures to curb the excessive pay of executives at the largest companies.

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