EMI Share Option Scheme Receives State Aid Approval Last month, we reported that the Enterprise Management Incentives (EMI) share option scheme lost its EU State Aid approval on 6 April 2018. The consequence of loss of approval being that the tax advantages of such...
Leadership Skills The best business managers and leaders create a vision of the future that is compelling and motivates employees to want to achieve it. Great business leaders help the members of their team to connect what they do with the business’s overall strategy...
Tax Advantage of EMI Share Option Schemes Lapses HMRC have advised companies to consider delaying the grant of Enterprise Management Incentive (“EMI”) share options until fresh State Aid approval has been granted by the EU. As the UK Government were late in applying...
GDPR Is Coming The implementation date for the EU Data Protection Regulation (GDPR) is 25 May. Despite Brexit, UK businesses will need to comply. In order to maintain business links with EU countries, the UK will need to create EU equivalent rules and regulations....
Changes To Termination Payments Care is always required when employees are made redundant or payments are made on the termination of employment. Not only are there employment law considerations, there are also important tax implications and this is an area where...
Health and Safety in the Workplace Employee health and safety is the responsibility of every employer. Regardless of the type of business you manage, health and safety is a fact of life. Aside from their devastating human cost, occupational accidents and ill-health...
Are You Sure You Or Your Workers Are Self-Employed?Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the welfare...
Learn From The BestWe can all learn something from the world’s leading businesses like Apple, Google, Salesforce and Amazon. These firms have invested millions of pounds in order to find new and better ways to run their various business lines. Here are some tips that...
Managing ChangeIn business, change is inevitable. The business landscape is constantly evolving and how effectively you manage change can determine the success or failure of your firm.Communication is KeyAny time there is a major change in a business, there will be a...
Increased Contributions For Workplace Pensions in 2018Auto-enrolment of staff in workplace pension schemes now applies to even the smallest of employers, although there are exclusions. The current minimum contributions are 1% from the employer and 1% from the employee...
MUST OWN 5% OF ORDINARY SHARES TO QUALIFY FOR CGT ENTREPRENEURS RELIEFIn order for a shareholder to qualify for CGT entrepreneurs relief on the disposal of their shares, they must be an officer or employee of the company (or group) and hold 5% or more of the company's...
New Company Loss Rules To Go AheadThe Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016.As a result of the first Finance Act being rushed through due to...
HMRC Beat Glasgow Rangers In Supreme CourtA scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case.Such schemes had been used by many employers to avoid PAYE and national...
Creating A Learning Culture In Your FirmCreating a learning culture in your business involves a lot more than finding the right mix of training courses and seminars.It’s about creating a mindset among your team. Leading businesses such as Apple, Google, SAP, American...
What Do Future Leaders Look Like?True leadership skills must be learned and practiced before they become second nature. So what do future leaders look like and how can you help them to develop their skills?Some members of your team will be high performers but that...
Safeguarding Our Assets This is something we all have to consider – and the greater the assets, the bigger the potential problem for our beneficiaries. With rises in property prices over recent years, more of us than ever are falling within the Inheritance Tax (IHT)...
Strategy - It's All About The ExecutionYour firm might have the best business strategy but if the management team doesn’t execute that strategy properly, it could fail.While execution can go wrong for a variety of reasons, one of the most basic mistakes may be failing...
5 Steps To Create Cash Flow For Your Business:Cash is running low but you are not sure how long you can survive for?Are you worried that you will not be able to afford paying wages next month?Cash is the fuel that keeps businesses going and without it your business...
Agile Working & Technology As agile working becomes more common, technology has had to adapt to ensure that employees can be productive, regardless of where they are physically located. Many potential new recruits expect some degree of agile working and the leading...
Understanding Your PeopleOne of the most important tasks in creating a high-performance culture in your business is taking the time to understand your team and their needs. When employees’ needs are met, and they feel aligned with the strategy, vision and values of...
Risky Business: Good Versus Bad Risk From a business perspective, there are good and bad risks. Every opportunity that creates value can be considered a good risk. Bad risks include ignoring regulations or failing to implement effective policies and...
> Brexit may have created a little uncertainty for UK businesses, as we mentioned in our last blog. But the referendum vote has also made it clear that the majority of Brits prefer to be in sole control of the country’s destiny, rather than part of a wider...
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