Business News: October
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
HMRC criticised over tax amnesties
HMRC has hit back at suggestions that tax amnesties, such as the deals reached recently with Switzerland and Luxembourg, could help criminals gain respectability.
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Calls made for simpler SME financial reporting
The Financial Reporting Council and the Department for Business, Innovation and Skills (BIS) have published a joint missive calling for annual accounts for the smallest businesses to be simplified in order to cut red-tape for micro-entities.
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Three-fold increase in tax scam emails
HM Revenue and Customs say the number of scam "phishing" emails has increased by more than 300% over the past year.
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New Agency Worker Regulation (AWR) comes into affect
The Government has introduced new Agency Worker Regulation (AWR) changing the way businesses introduce new staff on a short term basis.
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Cable attacks banks over lending
The Business Secretary Vince Cable has once again attacked banks over a lack of lending to SMEs.
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2,250 tax inspectors in super rich crackdown
A crack team of more 2,000 tax inspectors is to be set up by HM Revenue and Customs to target tax avoidance and evasion.
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Small businesses fail to check credit scores
A survey of nearly 700 small businesses has found that more than 71 per cent did not check their customers' credit status.
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Banks to offer riot loans
A major bank is set to offer interest and fee-free loans to businesses hit by the summer riots.
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To find out more about how we can help you, please contact Simon Coles & Co, London Chartered Accountants.
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