Study reveals shocking workplace stress statistics

Some 10% of UK workers are considering switching jobs as a result of stress, a new survey has found. The study, by office supplies retailer Cartridge People, found that more than one in 10 Brits are currently thinking of leaving their job due to stress and more than one in 10 women have actually left a job in the past

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Stamps literally laundered in £270k fraud

A man who washed 700,000 used stamps and sold them on as new as part of a £250,000 fraud operation has been jailed. Paul Harrison, 52, and his wife Samantha, 44, were both convicted of fraud as they used the money made through stamp sales to go on holiday and buy a BMW with a personalised number plate. Harrison was

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Banks hike fees after FCA changes overdraft rules

Millions of people will have seen changes to their available bank balances this week as new overdraft rules from the financial watchdog covering how overdrafts are displayed come into effect. The Financial Conduct Authority (FCA) has ordered UK banks to stop including overdrafts in funds marked as ‘available’ to customers, in a move designed to make it clear that overdrafts

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Sustainability is just a game!

A new game, called Accounting Bissim, has been launched by a group of academics to encourage accountancy students to think about sustainability when making business decisions. De Montfort University’s Darren Sparkes, along with Matt Davies and Lisa Weaver, have developed the game. In a business simulation students act as the board of directors running a robot manufacturing business in a

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142,000 directors running business beyond retirement age

Some 142,000 directors in the UK are still running their business past the retirement age of 66, according to research by UHY Hacker Young. Rising life expectancy has shifted work patterns and it has become increasingly common for people to work beyond what was traditionally considered retirement age. 19% of small business directors are aged 66 and over. As people

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Christmas and the tax inspector Grinch

Christmas is the season of goodwill, but employers providing their staff with a seasonal ‘thank-you’ need to pay attention to HMRC rules, otherwise they could find that they incur hefty bills, say accounting and tax advisory firm Blick Rothenberg. The firm’s Robert Salter said: “It is easy for employers to inadvertently break the rules and create unforeseen tax and NIC

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Scammers ‘posing as bailiffs and enforcement officers’

The Courts & Tribunals Service (CTS) is calling on people to stay vigilant against fraudsters posing as enforcement officers and bailiffs. A spokesman said: “We have become aware of scammers phoning members of the public, posing as County Court bailiffs, High Court Enforcement Officers (HCEOs) and Certificated Enforcement Agents (CEAs). During the calls, the fraudsters claim that the person owes

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Call waiting time down to five minutes, says HMRC

UK taxpayers are increasingly opting to use HMRC’s online services, leading to a fall in waiting time for those contacting it for advice by phone. HMRC received 3.17m phone calls in October, down from 3.65m the previous month, and improved the average speed of answering a call to five minutes. This beat the average response time for the first nine

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UK SMEs ‘stretched by late payments’

Late payments to UK small and medium-sized firms have doubled from 12 days in 2018 to 23 days in 2019, according to research by MarketFinance Business Insights. Its survey of 100,000 firms also found that: 39% of invoices were paid late in 2019, a marginal improvement from 43% in 2018.  On average £34,286 was owed in late invoices, with businesses

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