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cyber attacks

Cyber attacks on small businesses cost £4.5 billion, according to research

The annual cost of cyber-attacks on UK small businesses is £4.5 billion, according to research conducted by the Federation of Small Businesses (FSB). One in five small businesses suffered a cyber-attack between January 2017 and January 2019, the FSB found. In total, over seven million attacks took place over...

The annual cost of cyber-attacks on UK small businesses is £4.5 billion, according to research conducted by the Federation of Small Businesses (FSB). One...

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late payments

ICAEW calls for Prime Minister to tackle ‘late payments crisis’

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged Prime Minister Boris Johnson to combat the UK’s ‘late payments crisis’. According to the ICAEW’s latest Business Confidence Monitor (BCM) data, late payments from clients ‘now pose a greater challenge than they did a year ago’. One...

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged Prime Minister Boris Johnson to combat the UK’s ‘late payments crisis’. According...

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wages

Insolvency figures reach new high

The number of company insolvencies in England and Wales has risen to its highest level in five years, according to the latest data from the Insolvency Service. 4,321 company insolvencies were recorded in the second quarter of 2019 – a 12% increase on the same period last year. It...

The number of company insolvencies in England and Wales has risen to its highest level in five years, according to the latest data from...

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tax policy

CIOT, IFS and IfG urge Chancellor to ‘take a new approach to making tax policy’

The Chartered Institute of Taxation (CIOT), the Institute for Fiscal Studies (IFS) and the Institute for Government (IfG) have urged Chancellor Sajid Javid to ‘take a new approach to making tax policy’. The groups have co-signed a letter to the Chancellor, in which they urge him to outline the...

The Chartered Institute of Taxation (CIOT), the Institute for Fiscal Studies (IFS) and the Institute for Government (IfG) have urged Chancellor Sajid Javid to...

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investment governance

Pensions regulator launches consultation on investment governance

Pension scheme trustees and advisers are being given the chance to have their say on new rules for investment governance. The Pensions Regulator (TPR) has launched a consultation seeking the industry’s views on the tougher rules. The new rules mean trustees will be legally required to run competitive tender...

Pension scheme trustees and advisers are being given the chance to have their say on new rules for investment governance. The Pensions Regulator (TPR)...

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tax reporting

New OTS project aims to explore simplifying tax reporting for the self-employed

The Office of Tax Simplification (OTS) has launched a new project, which aims to explore how tax reporting and payment arrangements for self-employed people can be simplified. Introducing the project, the OTS stated: ‘The OTS has heard that some, including some of those working freelance or in the gig...

The Office of Tax Simplification (OTS) has launched a new project, which aims to explore how tax reporting and payment arrangements for self-employed people...

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