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Haslers Chartered Accountants & Business Advisers
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UK companies to assess internal auditor after seven years - Companies will be forced to review their internal auditor every year after they have been in post for seven years, according to new rules published by the Chartered Institute of Internal Auditors (IIA). The IIA said, where the tenure of the Chief Internal Auditor exceeds seven years, the Audit Committee should “explicitly discuss” annually the Chair’s assessment of the internal auditor’s independence and objectivity. It also said t...

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Young SME owners prioritise strategy over convenience - New research has found that the majority of small and medium sized enterprises (SMEs) are missing out on the benefits of government driven initiatives and collaborative opportunities, with just seven per cent of start-up owners choosing to actively work in business zones and clusters. Furthermore, the Opus Energy study found that there are distinguishable differences in the way younger and older entrepreneurs consider different factors...

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Government spending with digital SMEs exceeds £1 billion - The latest official data has revealed that Government spending with small and medium-sized enterprises (SMEs) that offer innovative digital services such as cloud technology has now exceeded £1 billion. Since its initial setup in 2012, the Cabinet Office’s Digital Marketplace has spent approximately £1.2 billion with SMEs out of a total overall spend of £2.6 billion, statistics reveal. Warren Smith, Director of the Digital Marketpla...

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Increased price competition to be introduced in housing possession scheme, MoJ confirms

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Do you claim Child Tax Credits? Update your tax account now - Do you claim Child Tax Credits? Parents are reminded to update HM Revenue & Customs (HMRC) of their children’s educational status by 31 August – or risk payments stopping. While exam results up and down the country are revealed, now is the time to inform the Revenue whether your children over the age of 16 will continue in full-time education or undertake an apprenticeship. Those who don’t could risk payments stopping, or, if a y...

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Late payments crisis worsening for SMEs - The UK’s so-called late payments crisis appears to be worsening for Britain’s small and medium-sized enterprises (SMEs), a new study suggests. Previously, research from the Federation of Small Businesses (FSB) has suggested that as many as 50,000 SMEs have faced serious financial issues as a result of late payments, while separate research has found that businesses are spending an unprecedented amount of time and money chasing their private sector c...

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Have you checked your tax code? One-off payments likely to be considered as recurring income, says regulator
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