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Entries from October 2016

New Businesses Reminded Not to Miss Out on NIC Holiday

Sarah Bean - Monday 24.16.17, 07:59am

HMRC have issued a reminder that start-ups outside London, the south east and the east of England are exempt from paying employers’ National Insurance Contributions (NICs) for the first ten recruits they hire.
The Regional Employer NICs Holiday for New Businesses, which was announced in the emergency Budget last year,  is aimed at encouraging enterprise growth [...]

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Tags: NIC

Government Proposes Reduced Financial Reporting Requirements for SMEs

Sarah Bean - Friday 07.16.17, 20:38pm

More than 100,000 UK businesses could save a total of over £600 million in accountancy and administration costs every year, under proposals to reduce financial reporting requirements, published by the Department for Business, Innovation and Skills.
The consultation on Audit Exemptions and Change of Accounting Framework sets out plans to allow more small companies and subsidiaries [...]

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Tags: Small Business