Shipping & Logistics: UK business expectations survey
In a new annual series, we compare perceptions of UK-based shipping and logistics businesses about the future environment and growth expectations. In general, the logistics sector is more optimistic, but both face challenges from rising costs.
New company car fuel rates
Advisory fuel rates
HMRC has published new ‘advisory fuel rates’ (AFR) for company cars, which apply to journeys from 1 December 2016.
Demystifying SOC reports: what, why & how?
With investors, clients and even their auditors now seeking evidence of a strong system environment and control framework from firms as well as assurance regarding financial processes, Service Organization Controls (SOC) reports (also known as ISAE3402, SSAE16 or even SAS70 reports in old money) can prove to be a much needed tool in a firm’s armoury. In fact, if used properly, SOC reports can not only provide confidence and help to build long-lasting relationships, they can also help give you a competitive advantage.
GDPR: the impact on financial services businesses
Throughout the history of financial services, data has always been the lifeblood of the sector. Now in the digitally interconnected world in which the sector exists the need for proper use, management and optimisation of such data has never been greater.
Against this backdrop, the EU has approved the highly anticipated General Data Protection Regulation (GDPR) to take account of the rapid increase in the use of data and how our behaviour towards personal data usage have changed over the last 22 years, since the launch of the last EU Directive in 1995.
Supply chain management – business interruption risk
You may need to use water but you can prevent holes in your pipes and leaks in the system by managing your plumbing system. The same is true of supply chain management. When was the last time you reviewed your supply chain and the various tiers which support your operation? Man-made disaster, natural disaster, international terrorism and socio-political disturbance can all interfere with your business and its ability to make a profit.
Over five thousand restaurant companies risk insolvency as Brexit raises costs
A total of 5,570* restaurant companies have at least a 30% chance of going insolvent within the next three years as Brexit raises costs and disposable incomes stagnate.
Lloyd’s List Greek Shipping Award win for OpCost
OpCost, our market-leading ship operating costs benchmarking tool has won a prestigious Lloyd’s List Greek Shipping Award.
Draft legislation for the 2017 Finance Bill
The Government yesterday published draft legislation to be included in the 2017 Finance Bill, together with explanatory notes, amounting in total to nearly 700 pages.
Autumn Statement 2016: real estate and construction realities
Having allocated £7.2bn to support the construction of new homes, including spending by housing associations, it was a clear message in an Autumn Statement that overall lacked detail. Housing is the Government’s priority moving forwards, receiving more funds than any other key national infrastructure, but what else did Chancellor Philip Hammond announce to support the industry?
How new accounting technologies could cut costs for extractive industries
Following the fall in the price of Brent crude from its highs in 2014 to its lows in 2015, the price has continued to fluctuate over the last few months, culminating in a significant increase in the number of UK independent oil and gas companies becoming insolvent in 2016, when compared with last year.