Hot topics
Management of costs is always on a companies agenda; even more so in the
last 18 months. Most companies are aware that they have excess spend, but don’t
know where to start looking to find it.
The economic downturn significantly impacted on transaction activity in
2009, with a reduction in the number of deals coming to market; in particular
those backed by private equity investors.
HMRC recently announced that they will require all UK companies' tax
returns, including statutory financial statements, to be tagged using Inline
XBRL. This requirement will affect an estimated 1.6 million companies
in the UK, with the earliest affected those companies with April 2010
year-ends.
Employers are now in a position to determine when and how they will be
required to comply with their auto-enrolment duties.
This new opportunity relates to businesses that have disposed of a
subsidiary through selling shares, as they may now be able to recover VAT on
the related costs of the sale.
The tax treatment of payments made to non-executive directors (NEDs) are on
HM Revenue & Customs’ (HMRC) radar. For an employer, there are a number of
potential penalties and negative outcomes which could be incurred as a result
of failing to correctly process NED payments.
Against the backdrop of the current economic environment, commercials
disputes are increasing. Unexpected consequences materialise, business
expectations fall short and with fewer options, businesses are forced to pursue
claims.
New financing opportunities exist as investor appetite for public issues
will continue to grow.
Stay ahead
With two-thirds of consumers ready to stick with value-based purchases
after the recession, organisations have to adapt their business models now.
Stay ahead
Avoid a pricing war by placing innovation and the customer experience at the
heart of your strategy.
Stay Ahead
Enterprising UK 2009 assessed the opinions of 391 private company leaders
across the country on the issues affecting them. The majority of participants
lead family or owner-managed businesses and employ more than 50 people. Almost
half have turnover more than £25m. They are clients, prospects and businesses
from our target EPC audience.
Recent research on Employee Benefits shows that between 50% - 60% of
employers are offering bikes to employees through a Cycle to Work scheme,
however many of these arrangements do not have HMRC clearance.
Recent studies have estimated that around £8bn worth of goods were returned
to retailers during 2007.
The latest PwC Economic Crime Survey reveals that 57% of retail companies
have been the victim of economic crime.
In the current economic downturn, effective working capital management is
becoming increasingly important to our clients with the payables, receivables
and inventory management processes of many organisations no longer being
adequate.
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