There may come a time in the future when you are unable to make important decisions for yourself. This could happen if you were to suffer a loss of mental capacity, had an accident or were abroad for an extended period. The only way to have a say in who would make financial or welfare decisions on your behalf is by making a Lasting Power of Attorney (LPA). We look at what could happen if you do not have an LPA in place.
Keeping up with employment law and HR best practice is a challenge for every business. We want to help you stay compliant by making you aware of changes coming into effect from 6 April 2020. Not least as a breach of these new rules could cost you a fine of up to £20,000.
What happens when your business grows fast and your workspace is quite literally bursting at the seams. The only option for IT managed services provider, HW Technology, was a move to larger premises – and soon. We learn how, with support from RfM, HW Technology overcame the challenges of finding, funding and fitting out their new premises in 2019.
The National Living Wage will rise by 6.2% from 1 April 2020. Almost three million UK workers are set to receive a pay rise, described by the Government as “the biggest cash increase ever”. Whether you employ staff on the National Living Wage or not, your business is likely to be affected. We look into the potential impact of the rise and what you can do.
Kathryn Gardner is Client Relationship Manager at RfM Preston and a key member of our Audit team. We asked Kathryn to give us an insight into the role and responsibilities of an auditor, and why some businesses choose to have an audit – even if they’re not obliged to.
50% of homeowners say they found the process of buying a property confusing and over 60% admit to not fully reading their mortgage agreement before they signed it. Crazy! A mortgage will likely be your largest financial commitment, so it’s vital to ensure that you’re happy with the terms of your mortgage agreement before you commit to it.
If you’ve been thinking about switching your company car to an electric vehicle, the forthcoming change to the tax rate might just make up your mind. From next April, drivers will pay 0% company car tax on electric vehicles, as part of new efforts to encourage the switch to greener models.
Last week, our cloud accounting superfans, Gillian Telford and Graham Pearson, visited the annual Xero showcase event, Xerocon London along with more than 3,000 fellow accountants, bookkeepers and app partners. Here are the key takeouts from the show and new developments that Xero users can look forward to soon.
The general election is fast approaching, and the main parties have been setting out their proposals for key issues such as health and education. It appears Brexit is still a very hot topic and one that may be front of mind if your business hires workers from within the EU. RfM’s Lead HR Consultant, Diane Johnson, explains what you need to know if you will be hiring non-UK workers after we leave the EU.
We recently visited Moduflow Fan Systems in Barrow to learn more about how RfM Accountants has supported owners Ron and Beryl Whitworth to sell the family business they built together from scratch. Our video case study provides an insight into what can be done to prepare a business for future sale, attract the right buyers and achieve maximum value.
Ask any business owner what aspect of running their business causes them the most headaches and you will receive a common answer: their staff. From finding the right people to keeping records, drafting handbooks and dealing with issues in conduct, having employees requires specialist knowledge, skills and time that you may not have. As part of our commitment to provide comprehensive support to our business clients, we have introduced a range of HR services delivered via our colleagues at RfM Business Consulting.
Next April brings yet more change for residential property owners. From the start of the new tax year, a new 30-day CGT payment window will be introduced. This change will mainly apply to sales of second homes or rental property.
The pressure on buy-to-let landlords continues to grow and they have more legal obligations than ever before. If you are thinking about getting into buy to let, these 9 top tips will help you stay on top of your responsibilities.