Business management

Tax bodies express disappointment over go ahead for new accounts format

Tax professionals have voiced their disappointment at the Government’s decision to press head with the introduction of the new iXBRL system for filing company accounts.

Increase in red tape burden for directors and business owners

On average, the amount of time company directors spend each week doing paperwork related to regulatory compliance has gone up from 13 hours a month in 2009 to 17 hours a month in 2010, according to the Institute of Directors (IoD).

Lift red tape barriers to apprenticeships, says business group

A leading business group has called on the Government to make it easier for smaller firms to invest in apprenticeship training.

Late invoice payment back on the agenda

Late payments of business invoices have risen to their highest level for three years, a new report has found.

Government acts to change unfair dismissal tribunal system

Staff who believe they have been unfairly dismissed could, in future, face extra barriers when taking their employers to an employment tribunal.

VAT rise could put pressure on smaller firms

As many as one in three of small businesses will struggle to cope with the recent VAT rise, a new survey has claimed.

New rates for statutory payments

Changes in the statutory payments which employers must make for 2011/12 have been announced.

Plans to give parents more flexible leave

The Government has indicated it plans to provide working parents with a greater degree of flexibility in the leave they are allowed to take.

Pensions Bill to raise state retirement age

The newly published Pensions Bill will see the state retirement age increase to 66.

Allow employees time off to volunteer, says business group

Employers should be encouraged to allow workers time off work to take part in volunteer schemes.

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