Monthly Archives: July, 2015

Small businesses face new accounting rules

Small businesses face new accounting rules from the The Financial Reporting Council The Financial Reporting Council (FRC) has introduced new accounting rules designed to simplify reporting for small businesses Very small businesses will now have to report to a different standard than small businesses under the new FRS 105, while small businesses will also have […]

Increase in payroll costs for South West businesses

There has been an increase in the pace of payroll rises for South West businesses according to official statistics. Average weekly earnings including bonuses rose at an annual pace of 3.2% in the latest three month period- the fastest rate in five years, according to the Office for National Statistics (ONS). Pay excluding bonuses rose […]

Budget update for employers and businesses

George Osborne has used his first Conservative Budget to force businesses to pay more for their employees. In his Budget 2015- Mr Osborne announced the National Living Wage for employees- which will start at £7.20 and rise to £9 an hour by 2020, replacing the £6.50 minimum wage. Business measures announced in the Budget statement […]