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SMEs ‘waiting 43 days to be paid by government contractors’, research suggests January 16, 2019

Research carried out by online business finance supermarket Funding Options has suggested that UK small and medium-sized enterprises (SMEs) have to wait an average of 43 days to be paid by government contractors. Funding Options found that top government contractors took more than six weeks to pay their suppliers in 2017. It warned that late
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HMRC extends MTD for VAT pilot scheme to all eligible firms January 16, 2019

HMRC has extended its Making Tax Digital for VAT (MTD for VAT) pilot scheme to all eligible businesses. MTD for VAT is set to come into effect from 1 April 2019 for businesses which have a taxable turnover above the current VAT registration threshold of £85,000. As part of the initiative, firms must keep some
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Ban on pensions cold-calling takes effect January 16, 2019

From 9 January 2019, the government’s new ban on pensions cold-calling takes effect. Making unsolicited calls in regard to pensions is now illegal, and any business found to be breaking the law will face fines of up to £500,000. Data published by the Money Advice Service recently revealed that as many as eight scam calls
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TUC report reveals household debt has ‘hit new peak’ January 9, 2019

A report published by the Trades Union Congress (TUC) has revealed that UK household debt has ‘reached new highs’. The report revealed that unsecured debt per household rose to £15,385 during the third quarter of 2018 – representing a rise of £886 when compared to a year earlier. Meanwhile, total unsecured debt rose to £428
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Many firms ‘actively tackling’ gender pay gap, survey suggests January 9, 2019

A survey carried out by the Confederation of British Industry (CBI) has suggested that 93% of UK firms are ‘actively tackling’ their gender pay gap. The survey of 350 businesses revealed that 60% of firms believe that diversity helps them to attract and retain staff, and a further 50% said it has brought new skills
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From the opening of our store to the eventual sale of four stores seventeen years later, WDM have provided invaluable assistance all the way along. They are more than just an accountant to us and we couldn’t speak highly enough of them.

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