In June this year, 70 UK companies and over 3,000 workers began working a four-day week, with no reduction in pay. This is the biggest four-day working week pilot ever undertaken. The participating firms are trialling a four-day working week for a period of 6 months. The pilot is based on what is called the […]
If you have children under 12 who attend a nursery, after school club, play scheme, childminder or you are considering sending them to a summer camp, you should think about setting up a tax-free childcare account. The government adds 25% to the amounts that you save in the account, contributing up to £2,000 for each […]
As client expectations and service trends evolve following the upheaval of the past two years, it’s becoming increasingly vital to keep customers and clients happy and ensure that your business can continue to provide an excellent service. The demands of the last two years have certainly impacted customer care and resources have been stretched, but […]
Many employers and employees have been putting in place salary sacrifice arrangements to give up some of their contractual salary in exchange for additional pension contributions or an electric company car. In these specific cases and if correctly structured, the employee is taxed on the lower of the taxable benefit and the salary foregone. In […]
Supply shortages have led to long delays in the delivery of new electric cars. This has caused many company car drivers to choose a second hand car instead, but what are the tax consequences? Unless the car has zero emissions, the capital allowance rules are the same for new and used cars bought by the […]
If you are concerned about the future of your business, then take some time to reflect on where you are and what could happen in the next few months. More than ever it’s vitally important for all businesses to plan ahead for a range of scenarios. Cash flow and business planning in these uncertain times […]
A publication aiming to kickstart a conversation with businesses about how to reform the UK’s capital allowances regime was published earlier this month. The publication sets out how firms can work with the government on capital allowances to help foster a new culture of enterprise and growth in the UK, with responses requested by 1 […]
The value of your business will depend on a range of factors and any valuation is only useful as a guide for planning forward. The ultimate value of a business is the price a willing buyer is prepared to pay for it. The prevailing economic climate and state of the business’ sector can affect company valuation […]
The number of job vacancies in January to March 2022 rose to a new record of 1,288,000 according to the Office for National Statistics (ONS) latest labour market overview. The ONS also state that the unemployment rate for December 2021 to February 2022 decreased by 0.2 percentage points on the quarter to 3.8%. What is […]
Businesses need to lead the way in moving towards net zero carbon emissions. There is no quick fix so businesses need to start the journey now and move towards the ultimate goal of net zero, over the next few years. Here are some of the changes that you can implement in your firm. Switch to […]
