Anti-Money Laundering (AML) – A refresher
What is money laundering? At its simplest, it’s “doing stuff” in relation to proceeds of crime. Criminal activity creates criminal property and doing anything connected to this criminal property is likely to be money laundering. Criminal property doesn’t just mean physical property, it could also be, for example, the reduction in a liability. The UK has an all crimes approach
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Increases in minimum pension contributions – April 2019
Research published recently by The Pensions Regulator (TPR) shows that the vast majority of staff are continuing to save more into their pension following the increases in pensions contributions in April last year. The on-going duties survey of employers showed less than 2% of staff in medium, small and micro businesses asked to leave their workplace pension as a result
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10 million are in but there is still more to do
Reaching the incredible milestone of 10 million people newly saving or saving more into a pension is like reaching the summit of a mountain. Ten million people – equal to the population of Sweden – are now taking the right steps towards being comfortable in retirement. Working with government, we have changed the savings culture. Automatic enrolment is now business
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The top reasons to be a bookkeeper
Qualified, professional bookkeepers have a vital role to play in the health of the country’s small businesses. A bookkeeper will often be the first to spot signs that a company is heading into difficulties by flagging up late paying creditors and cash flow issues. As members of the IAB, they will be up to date with legislation changes which they
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The Word from Sarah: Thinking of setting up a new business in 2019?
So if taking the plunge and actually setting up your bookkeeping business is on your to do list this year then here are some tips to consider when getting started. Become a supervised Bookkeeper One of the fastest ways to gain credibility with potential clients is to prove you have the credentials to do the bookkeeping work. Once you are
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Top 10 study tips
Studying for an exam can at times prove stressful and challenging. However, by putting in the hard work and dedicating time to preparing for your exams, you can soon be on the way to achieving high grades. Try some of our top tips below to help with your studying. Allow plenty of time It’s a good idea to make sure
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Automatic Enrolment – how do workplace pensions work?
More than 1.2 million employers have now successfully met their automatic enrolment duties and put nearly 10 million staff into a workplace pension. Workplace saving is now the social norm with 84% of staff now saving, and automatic enrolment has reached steady state with around 100,000 new businesses a year putting staff straight into a pension. However, automatic enrolment has
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The 6 top reasons why business awards are good for business
Raise the profile of your brand Winning an award is a great ‘good news’ story for your business and what better way to talk about your business than by letting the award do the talking- you’ve been judged by independent industry experts who have said that you’re a leader in your field – and that includes businesses that are shortlisted.
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Margin or turnover to increase my profits?
My business is doing ok but I want to increase my profits You are probably already aware of the three things that can increase your profitability: sell more products [increase turnover], sell same quantity of products at a higher price [increase margin] or reduce costs [increase margin]; whilst it is simplistic to suggest that the answer to your question is
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