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Accountants - Baines Jewitt
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Welcome to Baines Jewitt, one of the largest firms of chartered accountants, business advisors and tax consultants in the Tees Valley.
Welcome to Baines Jewitt, one of the largest firms of chartered accountants, business advisors and tax consultants in the Tees Valley.

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Auto-enrolment surpasses eight million member target - There are now more than eight million employees saving into a workplace pension thanks to the Government’s auto-enrolment pension scheme. That number is due to jump in coming months, as up to 500,000 small employers approach their staging date. Figures show that 642,000 employers have already offered a workplace pension thus far. Introduced in 2008, auto-enrolment was launched after a study revealed that just one in three private sector...
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British entrepreneurship on the rise - A new study suggests that British entrepreneurship is on the rise and that small and micro-businesses are growing increasingly prominent across the UK. The research, which was carried out by social media network LinkedIn, found a 6.4 per cent rise in the number of UK professionals in entrepreneurship between April 2016 and April 2017. Meanwhile, LinkedIn noted a 13.5 per cent increase in the number of sole traders active on its site and a 4.1 per cent ...
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Insurance tax hikes car insurance prices up by 11 per cent - Over the past year, the cost of annual car insurance policies has risen by 11 per cent, the biggest increase since 2012. Figures for 2016/17 show that drivers are now paying an average of £484 for their annual policy, an increase of £48, which is four times the rate of inflation. According to the Association of British Insurers (ABI), reasons for this include a rise in insurance premium tax, changes to compensation rules and mount...
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Late payment problems weighing heavily on SMEs - More than a third (37 per cent) of small and medium-sized enterprises (SMEs) have experienced cash flow difficulties as a direct result of late payments, a new study has revealed. Research carried out by the Federation of Small Businesses (FSB) suggests that tens of thousands of SMEs are struggling with late payments – with an estimated 50,000 SMEs being forced to fold every single year. 30 per cent of businesses have been forced to use an ov...
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Unemployment falls yet again but pay remains a concern - Unemployment has fallen to 1.49 million in the three months to May, it was confirmed this morning. The fall by 0.2 per cent means that joblessness is now at its lowest level since 1975 – when Harold Wilson was Prime Minister, Arthur Ashe was wowing crowds at Wimbledon and Britain held its first referendum on the question of Europe. The latest figures show that just 4.5 per cent are currently out of work. But despite the good news from...
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Updated HMRC guidance published on IR35 - HM Revenue & Customs (HMRC) has published updated guidance on IR35, following important changes which took effect at the beginning of April this year. The guidance, which comes several months after the controversial reforms were first phased in, sets out to answer what HMRC believes are likely to be the most frequently asked questions about the new regime – which essentially sees that organisations operating in the public sector are now responsible ...
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