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Supermarkets make additional fuel cuts
17 April 2013 read >>Further to the diesel price cuts announced by Morrisons’ last week, it has been revealed that falling oil prices have resulted in Tesco, Sainsbury’s, Asda and Morrisons cutting the price of their petrol. With people throughout Britain having their purse strings tightened by high inflation, the latest price drops will be very welcomed. Morrisons has dropped the price of their diesel by 1p a ......
Limited companies need support with exports
17 April 2013 read >>A major business organisation has said that a lot more must be done to ensure that small businesses and limited company contractors are able to export their products to foreign markets with ease. The Confederation of British Industry (CBI) said that a number of steps could be put into action to allow British companies to tackle new markets, helping to heal the UK’s economy in the process. Speakin......
Declining numbers of PPI complaints seen
16 April 2013 read >>Over the past few years, there has been a deluge in Payment Protection Insurance (PPI) complaints after it was found that many banks had incorrectly sold financial services. Putting in a claim often results in applicants receiving thousands of pounds in compensation, making it worth putting in the time and energy to make a complaint. The Financial Conduct Authority (FCA) has said that the second h......
New banking survey reveals best and worst providers
16 April 2013 read >>Limited company contractors might like to pay attention to a new Which? survey that has highlighted Britain’s best and worst banks. It is essential for businesses to ensure that their cash flow and financial dealings stay as simple as possible, so opting to bank with an institution showing good service might be favourable for many people. In the latest study, Which? found that over 25 per c......
Agencies unlikely to be allowed to self-regulate
15 April 2013 read >>It has been revealed by the Association of Recruitment Consultancies (ARC) that they’ve rejected an idea that would have allowed agencies to self-regulate. As new Agency Conduct regulations were opened for consultation, the ARC said that any self-regulation would result in a slip of industry standards and cause future problems for the employment industry. Recruitment firms are often used to......
Limited companies required to inform HMRC of closure
15 April 2013 read >>It has been revealed that limited company contractors must tell HM Revenue and Customs (HMRC) if they cease trading and close down their business. In an effort to ensure that they know exactly how many limited companies are actually operating, the tax authority explained that a new online service would be made available for companies to utilise and that it would be mandatory for companies to infor......
New banking option as Post Office to start current accounts
12 April 2013 read >>It has been revealed that the Post Office plans to offer current accounts in a bid to offer more competition to the financial marketplace. Whilst initial accounts will open in the next few weeks, the Post Office expects to begin a wider launch in 2014. In January, the Office of Fair Trading (OFT) stated that a 75 per cent share of the market was held by RBS, Barclays, HSBC and Lloyds. It was su......
IT contractors given ultimatum over pay
12 April 2013 read >>New reports have suggested that IT contractors may be facing tough choices over pay as major companies look to cut expenses. Despite the Recruitment and Employment Confederation (REC) saying that limited company contractors with computing and IT skills were in high demand, some individuals are being told to "take it or leave it" by major employers. IT workers are some of the most highly sought ......
Support need for RTI change
11 April 2013 read >>HM Revenue & Customs' (HMRC) huge payroll overhaul has now taken place, resulting in firms across the country needing to report employee payments as they are paid. However, many people still need support with the new real-time information (RTI) reporting, and there are likely to be mishaps and problems over the coming months as the new Pay-As-You-Earn (PAYE) reporting procedure is used. ......
Deficit for private pensions rises during March
11 April 2013 read >>The latest figures have shown that the amount of deficit for private pension schemes rose during March. At a time when many officials are reviewing company pension offerings, the collective deficit for the UK’s 6,316 private pensions soared to £237bn. At the end of February, the pension deficit was £201bn. The latest figures were revealed by the Pension Protection Fund (PPF), who said that ......
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