New regulations of Buy-Now, Pay-Later proposed
The UK government has announced a consultation on new legislations designed to regulate Buy-Now, Pay-Later (BNPL) products. The forthcoming rules, which will bring BNPL products under the supervision of the Financial Conduct Authority (FCA), are designed to provide the same key protections for BNPL as exist for other consumer credit products.
Employment Rights Bill progresses and consultations are launched
Following the release of the Employment Rights Bill, its Impact Assessment was published last week showing that the new Bill will have a “positive direct impact on economic growth.”
Having trouble with your banking?
A strong relationship with your bank is a crucial part of the success and stability of your business. You may rely on them for tailored financial solutions, ranging from short-term credit facilities to long-term loans, to support your growth plans or manage cash flow fluctuations.
Former Employee Fined for Data Breach: What Your Business Can Learn
A recent case involving a former employee of Enterprise Rent-A-Car highlights the importance of robust data protection measures.
Achieving Financial Happiness: The Role of a Trusted Adviser
Managing finances is not getting any easier. The world is becoming more complex, the demands on your financial resources are growing, and the need for stability, and of finding ways to avoid the financial pitfalls are becoming all the more urgent.
Former investment firm director receives 15-year bankruptcy restrictions for fraud
Andrew Paul Bird, a 60-year-old former investment firm director from Quarndon, Derbyshire, has been subjected to the maximum 15-year bankruptcy restrictions after being found guilty of defrauding investors. Mr Bird misled 13 individuals and couples into investing in a fraudulent scheme between 2011 and 2016, promising secure returns while exposing them to significant financial risks for his personal gain.
Could government-backed financing help your business expand?
A small business from Barnsley, Slime Party UK, has successfully secured government-backed financing, enabling it to significantly expand its operations, create new jobs, and develop new product lines.
Chancellor refuses to rule out increase to capital gains tax
Chancellor Rachel Reeves visited the US and Canada last week, and during an interview with Bloomberg was asked whether she was considering increasing capital gains tax.
Pitfalls to avoid in making a strategic plan
For businesses, having a strategic plan in place is vital for the long-term success and sustainability of the business. It serves as a roadmap for your business that gives you a clear direction, sets out the priorities, and helps you to make sure that you are using your resources effectively to reach your goals.
PROTECT YOUR LEGACY: INSURING AGAINST IHT
Around 40,000 families will be hit with inheritance tax this year. Some
will be for hundreds of thousands of pounds
Lessons for businesses from a cyber attack on the London Borough of Hackney
The London Borough of Hackney (LBoH) has been reprimanded by the Information Commissioner’s Office (ICO) following a cyber attack made on them in October 2020.
Highlights from the King’s speech: What impact may they have on your business?
Last week King Charles delivered the King’s Speech. This is a speech traditionally delivered at the State Opening of Parliament and it sets out the government’s plans and priorities for the coming year.
Cities and town centres declining: Challenges and opportunities for businesses
Glasgow, one of the premier shopping destinations in Scotland, is facing significant challenges that threaten its vibrancy and economic vitality. These same challenges are affecting businesses across not only Scotland but the UK generally.
New business? Have you thought about your health and safety policy?
Running a business comes with a myriad of responsibilities, and ensuring the safety of your employees should be at the top of your list. Here’s why having a health and safety policy is crucial, backed by UK legal requirements
Managing workforce holiday: A guide for business owners
This summer has brought with it several major sporting events – The Euros, Wimbledon and the Tour de France are currently all in progress, and the Olympics begin later in July. While this can be good news for businesses working in hospitality and retail, there can also be a dip in productivity as employees take time off or become distracted during major matches or events.
Election results in: What will be the effect on your tax bill?
So, the election results are in and the Labour party won the country’s mandate to form a new parliament. What could that mean for the tax you pay?
Could employee ownership be the answer for your business?
The Welsh Government were excited to announce a significant milestone in its own mission to increase the number of employee-owned businesses in Wales. The number of such businesses in Wales has doubled, reaching 74 almost two years ahead of their 2026 target.
Are you ready for a cyber attack?
The National Cyber Security Centre (NCSC) provides an ‘Exercise in a Box’ online tool that can help businesses check how resilient they are to cyber attacks as well as practise their response in a safe environment.