News | Page 22

October 3, 2014

The changing annuities market

Changing annuities: sales fall more than a third and rates drop in summer 2014 The number of annuities sold fell by more than a third between the first and second quarters of 2014, according to the Association of British Insurers (ABI). The figures reveal that 27,902 fewer annuities were sold in Q2 than in Q1 - a 37.5% fall. The statistics show: the total value of annuities sold fell from £2.5 billion in Q1 to £1.8 billion in Q2 55% of people who bought an annuity purchased from... read more

October 2, 2014

RTI penalty delay for small businesses

Small businesses will be exempt from an RTI penalty until March 2015, HMRC has announced. HMRC will phase in quarterly penalties for late RTI returns by business size, starting with those who employ 50 or more staff on 6 October 2014. Businesses with 49 or fewer employees will have until 6 March 2015 before penalties are issued. HMRC said it will notify all employers about when penalties for late filing will be introduced. If you still need help with RTI, need RTI penalty delays explained... read more

October 1, 2014

Traditional finance for SME’s in Decline?

According to research by BDRC Continental SME’s are relying less on ‘Core’ traditional finance options (overdrafts, loans and credit cards) today, than in 2012. In Q2 2012, 36% of SME’s were relying on a number of business forms of traditional finance, but that figure has dropped to just 30% in the same quarter of 2014. The upturn in the economy will undoubtedly have played a large part in this along with the use of external sources of funding, but it may also point to the fact that... read more

September 5, 2014

Are you making the most of an ageing workforce?

The Chartered Institute of Personnel and Development (CIPD) are warning that SME’s are not gearing up to make the most of an ageing workforce. Dianah Worman, public policy advisor at CIPD, said: "Employers are currently missing a trick by not offering flexible working to all employees and by not adapting to the changing needs of a changing ageing workforce. Healthcare, provision for employees with caring responsibilities - these are just some of the many things SMEs need to be thinking... read more

September 4, 2014

Mixed results where business finance is concerned

Several recent reports that consider the SME business finance market have thrown up a mixed bag of results, suggesting the environment is still less than favourable for seeking additional funding. The reports and surveys run by venture capital firm Albion Ventures and YouGov (on behalf of Simply Business) turned up an array of different messages both positive and negative. The results showed: The overall number of business finance applications for SME’s dropped 17% in the last 12 months... read more

September 3, 2014

Chichester half marathon sponsorship

We're delighted to announce this year's charity sponsorship... The old saying goes that charity starts at home and so where better for us to make a donation of £500.00 than to our house mates here at The Victoria, Children on the Edge. The donation is sponsorship of the medals for the Chichester Half Marathon which raises money for Children on the Edge. The ‘Chi half’ as some refer to it, is a fantastic event and one we are pleased to add our weight to with this donation. If you did... read more

September 2, 2014

Auto Enrolment

We know, we know… .. you have got enough to think about running a business, but it is worth knowing that in just 12 months our first payroll clients will have arrived at their ‘staging date’ - the point at which they have to be up and running with auto enrolment. We have been working hard behind the scenes to make the move to auto enrolment as effortless as possible for you, when the time comes, and we will be writing to each of our clients shortly with more details. If we don’t... read more

September 1, 2014

New online accounting system

We will shortly be announcing a new partnership with one of the leading online accounting software solutions. We have spent a lot of time researching the options to ensure we work with the product that is of most benefit to our client base and we believe we have a winner. We will continue our alliance with Openbooks/Freeagent but we are aware that a number of our clients have been looking at the market leading applications and have been keen for us to adopt an online accounting solution. So... read more