E-mail interception is becoming an ever-growing problem in the world of cyber fraud.
We usually hear about this occurring in the conveyancing industry given the large value of transactions, affecting home buyers/sellers and solicitors, however we are now seeing this type of fraud regularly across all industry types for transactions of varying sizes.
You can put in place a tax efficient life insurance policy, set up by your business, which pays out a tax free lump sum on your death (or diagnosis of a terminal illness). These proceeds will be paid to your family or financial dependants.
For those involved in running businesses in the property industry, there are various accounting regulations which need to be followed, covering a number of different areas of accounting, but having a good record keeping system will be a huge step towards ensuring you are compliant with those regulations.
Tim Levey, Partner and Head of Business Advisory, runs two groups of Business Leaders in Kent. One of the group members recently posed the following ethical question:
“One of our staff complained that a Manager was making inappropriate comments on social media to her. He’s a very good employee. She’s much younger and is a bit flaky. She quite often goes off ill and doesn’t always tell the truth. The conversation started off fairly ok and had been going on a while. He asked her if she wanted to go out for a drink. She interpreted it as everyone going out and kind of ignored it but didn’t outright cut the conversation off. He would then text late at night and was quite persistent then it digressed into what she was wearing.”
The tax incentives available make EIS investments very attractive. Income tax relief for qualifying investors is immediate, and if an investment is successful, it may be disposed of tax free. These schemes are therefore very much worth considering if your company is looking to raise finance.
Amid all the hot air and uncertainties of Brexit, one thing is clear; February’s Bank of England (BoE) inflation report shows that global trade winds are buffeting economic activity. The growth in world trade in goods reduced from 5% to 3% in the three months to November 2018 and a slowing of activity in the Eurozone (and between the US and China) even led German economic output to contract. This sluggish growth has also dampened the paths of interest rates, whose planned trajectories across the US, UK and the Euro area have all flattened.
UK private businesses remain remarkably pragmatic, however.
The audit market for listed companies dominated by the Big Four accountancy firms – Deloitte, KPMG, PwC and EY – is not working as hoped. Auditors from across the major firms have been grilled by politicians and reform is inevitable. Many in the profession, like our own chairman Clive Stevens, have also been asked for their thoughts on the way forward at a recent Parliamentary committee.
Tim Levey, Partner and Head of Business Advisory, runs two groups of Business Leaders in Kent. One of the members recently posed the following question:
“My appraisal process is not working. We have tried three different formats in five years in an effort to get the team to be more engaged and to contribute to their past performance and their future development etc. I'm of the belief that the form I use doesn't motivate them to put pen to paper ahead of the appraisal and therefore the process can be quite painful when they contribute next to nothing?”