There have been many changes to employment law and regulations in the last few years. A key area is the freedom or lack of freedom to make an individual redundant.
An employee’s employment can be terminated at any time but unless the redundancy is fair an Employment Tribunal may find the employer guilty of unfair dismissal.
In order to avoid the danger of discriminating in some way, particularly unconsciously, employers must take care to develop and use recruitment procedures which will avoid the risk. Using sensible procedures will also inevitably improve recruitment decisions and the quality of the people taken on.
Most claims for discrimination in recruitment have no maximum limit.
Can your business afford compensation of perhaps £20,000 because you made a simple mistake?
How do you make sure you don’t break the law?
We set out below the main principles involved in the recruitment of employees.
Who needs finance?
Every business from its commencement and through its development and growth will need finance.
But what type of finance is best suited to the development of your business, and who should you approach for funding?
We provide guidance below on types of finance available and outline the planning required before approaching any lending institution.
Investment in property has been and continues to be a popular form of investment for many people. It is seen as a route by which:
- relatively secure capital gains can be made on eventual sale
- income returns can be generated throughout the period of ownership
- mortgage finance is covered in repayment terms by the security of the eventual sale of the property and in interest terms by the rental income.
Making Tax Digital For VAT Registered Businesses
Making Tax Digital (MTD), the new scheme from HMRC, which requires VAT-registered businesses to use a digital system to file their taxes, is now up and running.
All businesses with a turnover which is above the VAT threshold (£85,000 in 2019) are required to keep digital records for VAT and use compatible software to give their records to HMRC.
In recent years, the stock market has had its ups and downs. Add to this the serious loss of public confidence in pension funds as a means of saving for the future and it is not surprising that investors have looked elsewhere.
Whether we are producing your accounts or carrying out your annual audit, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves.
You may also be able to help by preparing some of the routine schedules for us.