Hotstats Data Analysis
According to the latest figures, October was another bumper month for London’s hoteliers with financial performance showing strong increases year-on-year across the board.
How healthy is your payroll?
PAYE & NIC are generally thought of as one of the most policed taxes and if mistakes are made the penalties can be severe. When HMRC carries out their next employer compliance visit, is your business at risk of falling foul? If you haven’t had a visit from HMRC in over three years, then you can expect one soon!
Plan now to outsource your payroll
As the end of this tax year approaches it’s a good time to consider how you could make the next one easier. Outsourcing your payroll from 5 April is one change you could make to the way you run your business – a change that could save you time, reduce risk and your stress, and could be cheaper than you think.
New VAT anti-evasion rules for businesses wholesaling telecommunications services
New anti-evasion rules are being introduced by HMRC with effect from 1st February 2016, which will affect how businesses account for VAT in relation to the wholesale of telecommunications services in UK.
Reducing the risk of fraud and corruption in property management
The wide variety of goods and services required in managing property brings with it an equivalent range of fraud and corruption risks. The following are some of the risks in more detail:
Insolvencies of UK oil and gas service companies are up by 55% in a year
- Oil prices are at the lowest since financial crisis of 2008/09
- Cancellation of oil projects worldwide is causing a drop in the volume of work
Are rising Individual Voluntary Arrangement (‘IVA’) numbers a cause for concern?
At the start of 2015, bankruptcies fell to their lowest level in 25 years. IVAs now dominate the personal insolvency arena. This could be a sign of economic optimism, but is there trouble ahead?
HMRC powers: legitimate collection or a step too far?
HMRC now enjoys increased powers to collect tax it believes is due from confirmed or potential tax avoiders. Credit managers should be on their guard.
SMEs need late payment action
The late payment problem facing SMEs is getting worse.
Credit Wise – 2015/16 Annual edition – Introduction
2015 was quite a year in the world of credit management. The elevation of our body, the Institute of Credit Management (ICM), to chartered status was a historic event. Now we need to look ahead, ready for the fresh opportunities and challenges that 2016 will bring.