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International Treasury and FX Services

When expanding overseas and especially when hiring overseas talent, your company’s finances may start to get messy once you start needing to factor in multiple foreign currencies. There are multiple problems that arise: several months to open an overseas bank account; the need to set up a local entity; currency…
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4 Reasons Private Equity Firms Should Consider Global Expansion
PE global expansion

In the dynamic world of Private Equity (PE) investments, the key to success often begins with the building of a strategic plan to magnify an asset's potential, writes Andrew Fahey. At the Briars Group, we take pride in our ability to pave the way for PE firms to deploy global…
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Payroll Audit for Businesses: Streamline Operations with a Precise Audit
Enhance your business efficiency with a comprehensive payroll audit. Discover the benefits of payroll management for sustainable growth.

Ensuring accurate payments and benefits means employees are being rightfully compensated for their work. If handling payroll seems like a challenging task, payroll audit provides assurance, helping companies navigate the activity with confidence. In an era of ever-evolving regulations, rapid technological advancements, and the increasing intricacies of employment laws, the…
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Hiring Compliance: Essential Steps for a Legal Workforce
Build a compliant workforce with expert insights into hiring regulations. Safeguard your business while recruiting top talent for sustainable growth.

Globalisation has completely transformed our work relations. The rise of remote work, the gig economy, and the increasing diversity of the workforce have reshaped the way businesses engage and onboard new talent. In the past, hiring workers was limited to the same city or country where a company operates. Nowadays,…
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Startup Payroll Solutions: From Ground Zero to Efficient Payment Management
Master the payroll for your startup business

When starting a company, every aspect of business management holds the potential to either fuel rapid growth or hinder progress. Startups have to constantly navigate these opportunities and challenges, paying attention to what can determine success.  The ability to navigate payroll management efficiently and effectively is a key ingredient for…
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Centralised vs. Decentralised Payroll: Making the Right Choice for Your Business
Centralised or decentralised payroll? Find the ideal payroll approach for your company's unique needs.

There are many decisions involved in the process of managing payroll. Since it can be a very challenging activity, businesses should carefully consider how to go about it to ensure efficiency and compliance. One of the key choices businesses may face is between centralised or decentralised payroll. In this article,…
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Payroll Compliance: Ensuring Smooth Operations
Understanding the complex landscape of payroll compliance

Managing payroll effectively is crucial in a company's relationship with its employees and government authorities. What businesses pay their workers must be accurate and transparent so there are no injustices. Yet, despite its significance, payroll compliance is often overlooked, underestimated, or misunderstood.  In this article, we will delve into the…
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Payroll Deposits: Everything You Need to Know
Understand the meaning of payroll deposits and their importance in managing employee earnings. Stay informed for better financial management.

An efficient business is a business that understands the importance of streamlining processes. Making some of the key tasks in a company faster and easier can revolutionise the way you do business, leaving you with more time and resources to dedicate to what really matters. When it comes to financial…
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Why Global Payroll Should be Automated
Why Global Payroll Should be Automated

Managing payroll on a global scale can be an extremely complex activity. In this blog, we have discussed what global payroll is and some of the essential elements of managing payments and benefits of employees working across different countries.  The intricate web of international tax laws, regulatory compliance requirements, and…
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5 KPIs for Successful Global Payroll Performance
5 KPIs for Successful Global Payroll Performance

In this blog, we have already discussed the importance of preventing errors in global payroll management and everything you need to know about global payroll. When it comes to a complex and challenging process such as global payroll management, understanding how to measure performance and results can make this activity…
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Inside IR35: Navigating the Tax Landscape for Contractors
Understand what it means to be inside IR35. Discover strategies to manage your tax obligations as a contractor

Work arrangements have significantly changed over the years. As our work environments and needs continue to evolve, employment has become more flexible. However, this means contractors need to navigate through the complex web of tax regulations and compliance requirements. In the United Kingdom, increased work flexibility means contractors and employers…
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Global Payroll RFP: The 10 Essential Elements
Looking for a global payroll vendor? Understand the top 10 areas you need to look at when choosing a suitable global payroll provider.

We live in a globalised world, and companies are increasingly expanding across borders. Even though growing to other markets can be extremely advantageous, it also comes with a set of challenges. Managing global payrolls is one of them.  Efficient and compliant global payroll management requires a significant level of expertise…
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How To Prevent Data Errors In Global Payroll
Global payroll with multiple compliance issues, currencies and languages present multiple opportunities for error. Here are the best ways to prevent data errors in global payroll.

Organisations are expanding their reach beyond borders, establishing a global footprint that spans continents and cultures. While this global expansion opens up new avenues of growth and opportunity, it also introduces a series of challenges, particularly when it comes to managing payroll on an international scale.  Accuracy in payroll processing…
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How to Choose the Right Payroll Schedule for Your Business
Whether it's monthly, semi-monthly or weekly, choosing a payroll schedule for your business can be complex and have multiple considerations.

Managing payroll is essential for any organisation, ensuring that employees are compensated accurately and on time for their contributions to the company. In a previous blog post, we have already discussed the challenges of managing international payroll. Still, whether working in your home country or operating abroad, one thing that…
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Gross Pay vs Net Pay: Understanding the Difference
It’s important to understand the differences between Gross and Net pay, in order to optimise your global payroll process.

Handling payments is an important part of running a business. Employees must also understand what they are paid and what can and should be deducted from their salaries. That is the difference between gross pay and net pay, a fundamental cornerstone of financial literacy.  The dissonance between what people are…
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What is Disguised Employment in IR35?
Learn what disguised employment is and its impact on contractors

In recent years, work has become more flexible and increasingly remote. The rise of freelancers, contractors, and consultants has made some work relations more agile and adaptable. However, this new model of work has also raised questions about what is considered employment, self-employment, or disguised employment.  Under the IR35 legislation,…
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How Is IR35 Status Determined?
Understand the criteria used to assess your IR35 status and make informed decisions

We have already discussed what IR35 is and how it can affect businesses and individuals alike. We have also explained what constitutes employment and what can determine if a contractor falls inside or outside IR35. Now, it is time to discuss the criteria the HMRC uses to determine an individual’s…
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UK Tax & VAT Guides
international expansion business centre Toronto

As a business professional, you understand the pivotal role tax plays in shaping the financial success of your organisation. The UK's tax system is renowned for its intricacy, presenting both challenges and opportunities that demand your attention and expertise. Our mission is to empower you with the insights, strategies, and…
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What Does Outside IR35 Mean?
IR35 has been a pain point for businesses in the UK. It's crucial to know what it means to be outside the IR35. Find out here

Navigating the complexities of tax laws and employment status can be challenging, especially if you are self-employed. In the United Kingdom, a regulation that holds significant importance for sole traders is the IR35.  In this blog, we have already covered what IR35 is and what it means to be “inside…
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How To Use Collaborative Leadership at Your Business
If you’re a leader who wants to build a team-oriented culture, then it may be time to implement collaborative leadership. Learn more about how you can successfully implement this practice

Collaboration is the key to success. As the saying goes, “two heads are better than one”, and a team of people can reach better results than just one person. As organisations face complex challenges and seek innovative solutions, the traditional top-down, command-and-control leadership model gives way to a more inclusive…
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Bridging the IR35 Gap: Understanding the Differences Between Contracts
Discover the nuances of IR35 contracts and bridge the gap between them. Learn how to navigate the IR35 tax regulations effectively and make informed decisions. Find out more!

The implementation of the IR35 legislation in the United Kingdom has brought significant changes to the landscape of contract work, particularly for those operating through intermediaries such as personal service companies (PSCs).  IR35 aims to tackle tax avoidance by determining the employment status of individuals providing services to clients, and…
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Everything You Need to Know About Global Payroll
Gain insight into how secretarial services help companies with good corporate governance, effective administration and compliance.

As the business world shrinks thanks to the powers of digital connectivity and remote work, the concept of 'global payroll' is becoming increasingly more relevant. Whether your organisation is branching out into international territories, hiring talent from every corner of the globe, or juggling a diverse, international workforce, the complexities…
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Everything You Need to Know About IR35 (Guides)
This guide aims to provide you with a comprehensive understanding of IR35, helping you easily navigate the UK's business landscape

As you set your sights on UK expansion, understanding the intricacies of local tax laws becomes crucial. One legislation you'll encounter is IR35. This guide aims to provide you with a comprehensive understanding of this law, helping you easily navigate the UK's business landscape. But first, let’s take a quick…
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10 Ways to Create a Great Company Culture
It takes time, patience, and effort to create a great company culture, but it's worth it. Read our complete guide on how to build a healthy and long-lasting company culture.

Success is not only measured by financial metrics. Employee engagement, satisfaction, and overall well-being also play a huge part in productivity and innovation. When employees feel valued, respected, and motivated, results improve. Building and nurturing a positive company culture is the answer to keeping people engaged. However, it might not…
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Corporate Criminal Offences & Secretary Services Guides
Company Secretarial team in office

As businesses operate in an increasingly complex regulatory landscape, corporate criminal offences have become a growing concern. A company can be held liable for the criminal actions of its employees or even its third-party associates, leaving it vulnerable to hefty fines and reputational damage. At Briars Group, we recognise the…
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Role of AI in HR: A Complete Guide
What is the role of AI in HR? Learn how AI is changing recruitment, engagement, and performance management in human resources.

Conversations about Artificial Intelligence (AI) are more intense than ever. Tools like ChatGPT are already transforming some industries and offering many different possibilities to improve and optimise tasks at work.  AI has been used to drive innovation, efficiency, and strategic decision-making in every sector, and Human Resources departments are no…
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16 Strategies to Increase Employee Retention
Retain your employees for the long haul with these effective strategies. Learn how to keep your valued employees satisfied and loyal to your company.

The success of a company depends heavily on the competence and dedication of employees. Therefore, attracting and retaining top talent has become a critical priority for organisations worldwide.  Employee well-being and satisfaction are an important part of this growing concern. Companies that prioritise the happiness of their teams reap the…
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Mergers vs Acquisitions: The Top 10 Differences
Learn the difference between business mergers and acquisitions with our guide. Both are strategies to increase a company's capabilities, but often misunderstood.

Mergers and acquisitions (M&A) can be strategic tools for companies seeking growth. These transactions can significantly transform an industry and contribute to the rise of new market leaders.  With so much to consider and plan, mergers and acquisitions require a deep understanding of the companies involved. Each transaction comes with…
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What Is Risk Management in Business?
Discover how to manage business risks and implement risk management strategies in your organisation here. Minimise the risks that come with running a business.

Running a business can be a challenging but rewarding task. When founding a company, people might be more interested in the opportunities and benefits of starting a business, but risk management is essential for any organisation. The goal is to consider the potential risks a business faces and assess the…
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How to Properly Send and Receive Invoices Internationally
Learn everything you should know to ensure trouble free money flow when handling invoices to and from international clients in this guide.

As businesses expand their operations beyond their home countries, common day-to-day activities can become a new challenge. Sending and receiving invoices, for example, have the added complexity of dealing with different regulations, taxes, currencies and even cultural nuances. There might also be a limited understanding of receiving and making payments,…
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How to Manage International Employee Benefits
Learn all you need to know about managing employee benefits for your global staff with this article

As companies expand their operations globally, managing employee benefits abroad has become an important – but complex – aspect of human resources management. Employee benefits are a crucial component of a company’s compensation package, and they play a significant role in attracting, retaining, and motivating employees.  But it’s not always…
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Everything You Should Consider About International Accounting
Get an overview of how international business handle, develop and maintain good accounting practices

As businesses continue to expand their operations across borders and cultures, some aspects of running a company become more complex and challenging. Accounting is already a crucial part of a smooth business operation, and international accounting plays a key role in global commerce. It is important that global businesses follow…
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Trade Finance and Trade-in Banking Explained
With our article, learn what are the instruments used by Trade finance service providers to facilitate international trade and commerce.

Trade finance and trade-in banking are critical components of international trade. They play a crucial role in facilitating cross-border transactions and reducing the risks associated with global commerce. In an increasingly globalised world, understanding these concepts can be significantly relevant to the success of a growing company.  In this article,…
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How Businesses Can Benefit from Secretary Services
Gain insight into how secretarial services help companies with good corporate governance, effective administration and compliance.

There is a lot of work involved in managing a company. The most important aspect of running a business is ensuring services and products are delivered with excellence. Then comes dealing with clients, managing a team and taking care of finances.  With so much to consider and dedicate time to,…
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Corporate Criminal Offense: What Should Business Owners Know?
Learn how the HMRC defines CCO and how your business can avoid the trouble of falling into one

Many countries have legislation in place to combat tax evasion by corporations. In the UK, this piece of legislation is called Corporate Criminal Offence (CCO), which mandates companies to prevent their employees, agents, or other associated persons from facilitating tax evasion. CCO is a strict liability offence. Failure to implement…
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How to Handle and Manage International Global Payroll
Learn how to have trouble-free compliant payroll regardless of where your employees are based!

Handling payments can be a challenge in any setting. It involves knowing and complying with local laws and regulations, ensuring that deadlines are met and taxes are paid. It is such a crucial task that often, companies have entire departments dedicated to managing payroll or, sometimes, even hire specialised companies…
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Global PEO (Professional Employer Organisation) Explained in Detail
Understand the services and solutions that Global PEO companies can offer and how it can make a big improvement in your business

Growing your company can be a challenging but rewarding experience. Getting more work than your team can handle is a sign that your business is doing great and that it might be time to increase the number of people working for you. As companies face the challenge of finding the…
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EOR (Employer of Record) Explained In Detail
A group of multi-ethnic people working in an EOR putting their hands together

Businesses are becoming increasingly borderless. Thanks to advances in technology and a deeper understanding of different cultures, companies can operate all over the world, enjoying more opportunities for growth and development. However, globalisation is not only a matter of selling or offering services worldwide. Employing people outside of your home…
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A Thorough Guide to Global Business Expansion
Flags of multiple countries symbolizing globalization and global expansion

In an increasingly globalised world, taking your company, your products, and your goals abroad can be an excellent way of gaining new customers and growing your business. But is global expansion for everyone? What challenges will you face when creating a strategy to take your business abroad, and what are…
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UK Tax Thresholds
tax thresholds frozen

Frozen tax thresholds pull more Britons into higher rates As the global recession rumbles on, the UK Government has effectively utilised stealth to increase the group subject to its highest rate of Income Tax, being 45%. The retention of the frozen tax thresholds has led to a 50% increase in…
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UK talent visas
talent visas for top graduates

High Potential Individual visa scheme to import new talent to the UK May 2022 saw the introduction of the High Potential Individual visa to the UK.  This new route into the UK is a small part of a broader set of global mobility schemes, designed to attract overseas talent.  The…
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Tax reform for unincorporated businesses
tax reform calculator

Tax Reform for all Unincorporated Businesses An HMRC tax reform that will change the basis period for all unincorporated businesses to 5th April is delayed but still due. The changes will mean that businesses will be taxed on the profit or loss for the year ended 5th April regardless of the…
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Making Tax Digital Extension
Making Tax Digital

Making Tax Digital extended to all VAT-registered businesses HM Revenue & Customs (HMRC) has confirmed that Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022.  Changes will apply to the approximately 1.1m VAT-registered businesses with taxable turnover below the current VAT threshold. The move comes…
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Enterprise Management Incentive (EMI) Schemes
EMI employee share scheme in office

How UK companies are using Enterprise Management Incentive (EMI) Schemes to grow their business Enterprise Management Incentive (EMI) schemes are allowing innovative businesses to reward success in a tax-efficient manner by offering key people in the business a share in the company’s success. EMI schemes have surged in popularity in…
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The Use of Holding Companies
office building for holding company

International Tax Reforms Challenge the Use of Holding Companies Proposals under Base Erosion and Profit Sharing 2.0 (BEPS 2.0) and the Anti-Tax Avoidance Directive 3 (ATAD 3) challenge the use of holding companies. BEPS 2.0 may re-introduce withholding taxes while ATAD 3 brings in prescriptive requirements.   Beneficial Ownership from…
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Tax Authorities Target Tax Avoidance
pins in world globe in hand

Tax Authorities Across the World are Coordinating to Reduce Opportunities for Tax Avoidance   Transfer pricing continues to be a focus for tax authorities around the world. In order to reduce tax avoidance, changes are being proposed around the world that will impact businesses global tax compliance. Many of these…
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National Insurance Contribution Increase
National Insurance Document and cash

UK Government announces plans to increase National Insurance Contributions to reduce strain on health and social care National Insurance Contribution [NIC] rates are being increased to support the NHS and social care services. The Government has announced plans to raise National Insurance by 1.25% for one year only for employees,…
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OECD Tax Accord
digital world map

OECD accord imposes global minimum corporate tax of 15% Over 130 countries have signed an OECD accord that enables them to raise tax on sales made by multinational enterprises within their borders.  The two-pillar package aims to ensure that large Multinationals pay tax where they operate and earn profits, while…
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UK Start-Up Boom
An open start-up shop door with an open sign

Increase in Registered Companies Indicates a UK Wide Start-Up Boom The largest start-up boom in the UK for the past decade has been one of the unexpected results of the coronavirus pandemic.  New businesses have been created in response to necessity, the changes to work and lifestyle, and the opportunity…
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Changes to the Coronavirus Job Retention Scheme
A winding road down a mountain

Winding Down: Changes to the Coronavirus Job Retention Scheme   The Coronavirus Job Retention Scheme has been extended until 30 September 2021 while simultaneously being wound down. The level of grant available to employers under the scheme stayed the same until 30 June 2021 but has now started to reduce.…
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Understanding the ETIAS
Europe on a globe

Starting in 2022, travellers to the EU will need to apply to the ETIAS The European Commission has declared plans to introduce the European Travel Information and Authorization System (ETIAS) by the end of 2022. The ETIAS will be an electronic system that authorizes and keeps track of people entering EU borders. Non-EU…
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UK Foreign Direct Investment
foreign direct investment

UK 2nd in the world for foreign direct investment according to UN report Global flows of foreign direct investment have been severely hit by the COVID-19 pandemic but the UK is amongst those nations leading the way back. In 2020 foreign direct investment (FDI) fell by one third to $1…
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Employees Working Abroad
employees working abroad

National Insurance Contributions for Employees Working Abroad UK businesses whose employees are working abroad may now apply to HMRC to find out if they need to continue paying National Insurance Contributions.  The service was updated in January 2021 and applies if you’re sending one or more employees to work temporarily…
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Extended Loss Carry Back
extended loss carry back

Extended Loss Carry Back – help for businesses In an effort to provide further aid for businesses struggling with the coronavirus pandemic, the government has extended the period in which trading losses can be carried back for tax relief purposes. The Extended Loss Carry Back measure announced at Budget 2021…
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National Insurance contributions relief
National Insurance contributions relief for veterans

National Insurance contributions relief for employers who hire veterans From April 2022 onwards, employers will be able to apply for National Insurance contributions relief if they hire veterans.  The relief will be available in real time through PAYE for 12 consecutive months from the veteran’s first day of civilian employment.…
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Deferred VAT
Deferred VAT deadline

Deferred VAT Deadline Looms Businesses that deferred their VAT payments last year have less than a month left to join an online payment scheme.  Payments deferred from the early stages of the pandemic which remain outstanding need to be paid by the end of June in order to avoid penalties. …
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Global Business Tax
global business tax

Biden’s global business tax plan President Joe Biden’s plan for a 21 per cent minimum global business tax rate has been met with resistance from the UK chancellor Rishi Sunak.  Though there is considerable opposition pressure on the chancellor to endorse the US plan, Sunak said he would consider a…
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COVID-19 Litigation
covid-19 litigation

COVID-19 litigation surge awaits UK companies A surge in contract disputes and employment-related litigation may be about to hit UK companies, according to Insurance broker Gallagher.  Possible allegations include workplace-related safety violations and negligence, as well as unfair dismissal and discrimination following job losses. The survey, which was conducted last…
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Off-Payroll Working IR35
IR35 off payroll working

Changes to off-payroll working (IR35) rules The new off-payroll working (IR35) rules came into force on the 6 April 2021.  Though payments relating to work or payments made before 6 April 2021 are not affected, the new rules need to be considered for all payments made on or after 6…
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US Stimulus Package
us stimulus package

Biden’s $1.9tn stimulus set to boost global economy President Biden’s Covid-19 Relief Bill has been sold as a tool to boost the US recovery, but the wider world will also welcome the stimulus package.  We know that when America sneezes the world catches a cold, and America has indeed been…
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UK Corporation Tax
corporation tax uk parliament

What will the UK Corporation Tax rise mean for my business? The corporation tax rise was one of the most talked about aspects of the UK Spring Budget 2021.  The measure is the UK Chancellor’s first step in repairing some of the damage done to the public purse by the…
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UK Budget 2021
UK Parliaments Budget 2021

UK Budget 2021: A summary of key announcements Chancellor Rishi Sunak has announced his Spring 2021 Budget promising further support for Covid-hit businesses and workers.  As well as supporting and boosting industries ravaged by the coronavirus pandemic, the announcement also looked ahead to the difficult process of repairing the public…
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Uber Supreme Court Ruling
Uber app supreme court ruling

Disrupting a disruptor: The implications of the Supreme Court’s Uber ruling The UK Supreme Court has ruled that Uber must classify its drivers as workers rather than self-employed contractors. The decision could threaten the position of an already unprofitable company and will have far-reaching HR and tax consequences for the…
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Working From Home
working from home

Tax relief for working from home Working from home has become the new normal for much of the UK workforce.  During the first national lockdown in 2020, the Office for National Statistics recorded that nearly half of those in employment (46.6%[i]) performed some work at home.  Not all of that…
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UK Banking
briars group and EFG private banking

Banking in the UK If you are considering a UK corporate or personal account in the UK, there are a plethora of banking options available. Starting with the ‘retail’ likes of Barclays, HSBC, Lloyds and NatWest, then there are the challenger banks which are digital such as Revolut or Monzo…
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Business Funding Strategy
business funding strategy briars and cambridge judge

Funding the journey to ‘the promised land’                Over the course of my twenty-year career as a business school academic, and the co-founder of Cambridge’s largest technology accelerator, I have been fortunate enough to mentor over 250 high growth ventures. I’ve witnessed spectacular success in the form of IPOs and nine-digit…
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Covid Leadership
briars group jon hammond

Knee Jerk v Big Picture I don’t think I’m the first person to suggest we are living in ‘interesting’ times. What has been described as an old Chinese Curse, has sadly become a daily challenge. After almost a year of the Covid Pandemic around the globe every life has been…
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Overseas Banking
overseas banking

Land and Expand Part VI - Overseas Banking Brilliantly ebullient, basically brazen – how to open your overseas bank account and remain rational We are often asked: what is the most common complaint when setting up in new territories? Setting up overseas banking facilities. With the ability to make international…
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Filing an FBAR
FBAR Benjamin Franklin taxes

Filing an FBAR Are you a US Corporate operating non-US resident bank accounts? Are your key people compliant with FBAR? Have you advised your US signatories of their risks? Briars has a simple solution…. Your favourite subject – filing tax returns!  What can go wrong?? In 1789, Benjamin Franklin uttered…
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Insurance policies to protect us all
insurance policies paragon

In Utmost Good Faith In these challenging times, we are all looking for surety and stability and of course financial security. The principle of an Insurance policy, be it for your car, your home, your business remains the same in that it can be relied upon to provide financial protection…
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Resilience and leadership success
resilience forest tree

Resilience is critical to leadership success “Life doesn’t get easier or more forgiving, we get stronger and more resilient.” ― Steve Maraboli Resilience is foundational to success. One constant in life is the inevitable flow of perpetual changes. In a turbulent environment, including this incredibly challenging year, it becomes challenging…
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Insurances
Insurances LLoyds of London

Land and Expand part V - Insurances As we walk through the Land & Expand journey, we reach the fifth stage, being Insurances.  Often overlooked in the process but necessary to ensure that your overseas trading entity, your board of directors, your employees, your customers and your supply chain are…
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Risk Management in New York
briars group epic brokers

A Risk Management primer, for a new company landing and expanding in New York Historically a melting pot, New York is a diverse metropolitan area, which translates well for entrepreneurs of all ethnic backgrounds. Of the approximately 8.5 million people living in the city, more than one-third are foreign-born, the…
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Insurance UK – Companies and Directors
child and child briars

At risk – Companies and Directors The most likely entity that a foreign company establishing itself in the UK will form is a limited liability company. A. Limited Liability company and its shareholders A limited liability company will create a barrier of protection between risk and its shareholders.  Shareholders cannot…
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Business as usual at meetings – I think not!
briars group jon hammond

Virtual Meeting Expert Jon Hammond offers Six Tips to Online Meeting Success I hope you agree, we are all in a new world when it comes to business meetings. The leadership challenge of how to influencing/persuade teams that are likely to be remote has taken on a new dimension. Some…
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Brace for Brexit
Brace for Brexit

Are you really ready for Brexit? Join The Company of Entrepreneurs' sponsors as they host an online Brexit briefing at the end of this week's Global Entrepreneurship Week. Friday 20th at 11am - One Hour, Three Experts and hosted by the talented Jon Hammond. If you've got Brexit questions then…
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Local Country Incorporation
The team who will decide the strategic goals for your new corporation

Land and Expand part IV - Local Country Incorporation As we reach stage 4 of our Land & Expand journey, our attention turns to incorporation and an overview of what should be considered. We have chosen to focus on the UK however, the underlying approach varies little between countries and…
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California’s Proposition 22
California’s Proposition 22

California’s Proposition 22: It Passed, Now What? Paul Mello and William D. Taylor* California, for better or worse, has long been on the leading edge of labor and employment law developments that have broadly impacted business in general and the transportation industry in particular.  Often California’s courts are quick to…
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UK Company Secretaries
company secretary

Corporate Compliance, Best Practice and Company Secretaries The role and duties of the UK Company Secretary are often overlooked by a board of directors focussed on managing an SME, especially in the current climate.  This is heightened by the fact that said SMEs are not required to appoint a company…
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Expand or Contract
Expand or Contract

Expand or Contract – Flex or Commit? The global commercial real estate market is reeling. For a market that operates on precedents, a respiratory disease on a global scale has literally ripped the bottom out of the home of many commercial trading entities. Feeling the effects Commercial real estate be…
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Starting a Business in the UK Guides
Starting a Business in the UK Guides

The United Kingdom consistently ranks as a magnet for global entrepreneurs year-in, year-out. With its thriving markets, robust legal framework, and welcoming attitude towards startups, it's no surprise that British cities continue to become popular among ambitious professionals worldwide. As a premier global PEO, we understand the significance of well-informed…
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Incorporating in California
setting up business in california

Setting up business in California When I was asked to write an article about the practicalities and pitfalls of setting up and doing business in California, I had an immediate negative reaction to the state I have called home for a decade.  As a long-time Board Member, COO, CFO and…
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U.S. Visas: Working in California
U.S. Visas: Working in California

California Dreamin’? What to Know About Living and Working in California The U.S. immigration process has become a high-stakes undertaking for many professionals, entrepreneurs, and employers. Still, coming to California to live the life of your dreams remains possible. The key to achieving your dreams is identifying your long-term goals,…
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Make your online conversations count
briars group jon hammond

Avoiding the new plague: ‘International Zoomitis’! – make your online conversations count Do you remember the days when you could have a chat around the water cooler and exchange stories with colleagues, without having to be two metres apart? When you didn’t have to try and understand what people were…
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Global Mobility and UK Tax
global mobility uk

Global Mobility and UK Tax Global mobility remains restrained today. However, despite the current pandemic, some businesses are taking those first tentative steps to place key players overseas, driven by the need to ensure business survival. From the perspective of those on the move, what does this mean to employer…
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Relocation during COVID
briars group relocation consultancy

Case Study: Relocation from Germany to Richmond, London during COVID times We were referred these VVIP clients and asked to support their relocation to the UK at what was a very tricky time, both domestically and internationally, due to the COVID outbreak. The UK had recently imposed quarantine measures for…
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Key currencies at a glance
briars group ofx

Key currencies at a glance Since the outbreak of COVID-19, currency market participants have paid less attention to economic data. However, in the wake of several important central bank decisions, we could see a return back to traditional fundamentals moving the market.  OFXperts expect the key drivers to be: Central…
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Global Mobility
global mobility map

Land and Expand part III – Global Mobility – GEO/PEO/EOR Welcome to our 3rd Land and Expand article! So far, we have touched upon planning and good governance as you expand.  Today, let’s tackle the confusion that appears to exist when discussing: PEO                Professional Employer Organisation GEO               Global Employer Organisation…
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COVID-19 and Foreign national workers
Briars Group Jackson Walker

COVID-19 and foreign national workers in The United States Over the last three months, stay-at-home orders have become commonplace around the United States due to the COVID-19 pandemic. For foreign national workers who are employed by multinational corporations and businesses, these orders have practically broadened into “stay-in-country” directives. The visa…
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How reputations are created, lost, protected and enhanced
briars group jon hammond

What’s in a reputation? The Billionaire and Founder of Amazon.com Jeff Bezos once said, ‘Your Reputation is what people talk about when you leave the room’. They are very difficult to quantify and measure, but we all have one, and hopefully yours is positive and one to be proud of.…
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International HR management
International HR management

International HR management There is an increasing move for organisations to go global, particularly today with international trade considered to be the norm and not the exception. This change may be driven by the need to reach out to new territories to increase sales, or to reduce operating costs, or…
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Corporate Criminal Offence investigations in 2020
corporate criminal offence

Corporate Criminal Offence investigations continue despite pandemic HM Revenue & Customs (HMRC) has 10 live corporate criminal offence (CCO) investigations according to new statistics.  The UK government department also has a further 22 live opportunities currently under review.  It has opened one new investigation since December 2019. Wide ranging investigations…
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Work-based UK visas
uk visas

Investors, innovators, start-ups and talent – UK work-based visas There are currently four UK work-based visas available for investors, business development and talent.  Having the correct Visa in place is essential if you are looking to expand your business to the UK. Understanding which is the most appropriate is the…
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Global leadership and French law
briars group osborne clarke

Global leadership: an overview of the qualities French employment law expects from directors and top executives In global companies, as business grows, boards of directors wish to include the most-qualified members to define strategy, nurture innovation, promote sustainability, define scalability and capability as well as lead people. What better place…
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Global Corporate Structure
global corporate structure

Land and Expand part II: Global corporate structure Last month we introduced the first in our series of articles taking a short glimpse into Briars 18-stage roadmap. Our August newsletter focuses upon Global Leadership and in keeping with that theme lets consider the thought process of boards and investors as…
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Business as unusual
briars group ofx

Why manufacturing and tourism fare badly during economic crises Manufacturing and tourism are two key drivers in some of the world’s major economies. They are also sectors hit disproportionately hard during an economic crisis, when discretionary spending declines. During a crisis caused by a pandemic, both supply and demand are…
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Enhance your online reputation
briars group jon hammond

Are you one of them? (a global Leader who unknowingly may be risking their reputation?) Reputation Coach Jon Hammond spoke to the Briars Group, about how virtual meetings can be enhanced, and business reputations boosted by taking some simple measures. I was talking to a group of influential leaders on…
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Longer term business plans
briars group octo members

Weekly progression toward longer term achievements We are encouraged to produce longer term business plans by orthodox thinking. I used to set business goals based on the long term and agonised over projections virtually all of which turned out to be useless.  Any short-term accuracy was soon lost to external…
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What is a company board for now?
company board meeting

What is a company board for now? By Professor Bob Garratt Published online by the Royal Society of Arts Building Bridges To the Future Post-Covid series. This essay is a provocation to all involved in corporate governance, and a practical response triggered by Bob’s clients, students and colleagues asking him…
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Redundancy pay for furloughed workers
the office is empty as workers are on furlough

Redundancy pay paid to furloughed workers based on normal wages From Friday 31st July 2020, furloughed workers losing their jobs became eligible for redundancy pay based on their normal wages and not their furlough rate.  The new law ensured that workers now receive their full pay-off, said Business Secretary Alok…
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Reduced Costs of Hiring in Belgium
pro pay briars

Could your business benefit from reduced employer costs for a first employee in Belgium this year? According to Briars’ Belgium partner Pro-Pay, it is distinctly possible.  For a company that has never hired an employee in Belgium before, the cost of labour is reduced due to lower employer social security…
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Do you have the right talent to execute your post pandemic recovery plans?
checkside briars

Plan for Recovery There are a lot of articles and resources dedicated to helping businesses think differently and adjust post Covid-19. Changing your strategy and business model is inevitable for many businesses, BUT the question as to whether you rebound and survive will all come down to how well you…
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The Foreign Bank Account Report (FBAR) – do you need to file?
FBAR

Filing US tax returns is a well-known responsibility of American ex-pats, but the Foreign Bank Account Report (FBAR) is often forgotten. This can be costly, as failing to file the FBAR can draw the attention of the IRS, and lead to some harsh penalties. A United States person that has…
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How investor responses impact currency in times of extreme volatility
briars group ofx

Crises that affect world markets tend to hit with little warning and major impacts, leaving everyone from traders and investors rushing to find ways to limit their losses while the catastrophe unfolds. The various crises we have seen in the last 50 years have happened for many different reasons, but…
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Global responses to the Covid 19 crisis
child and child briars

Getting economies back on their feet whilst trying to control the spread of an invisible killer.  Those are the general aims of responding to Covid-19 - the world’s most unwelcome recent visitor.  All economies that have the resources are more or less following similar practices such as social distancing (at…
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How best to land and expand? A common question.
land and expand

Is there a straightforward answer? Irrespective of where in the world you want to open that next office, adherence to a tried and tested roadmap to guide you through the underlying requirements will be essential. This generic map is subsequently anchored by local laws, tailoring your solution to ensure ongoing…
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A temporary reduction in VAT from 20% to 5% for worst hit sectors
vat cut

Chancellor's Summer statement A temporary cut in the sales tax from 20% to 5% has been announced by the UK government for attractions, meals and accommodation.  Chancellor Rishi Sunak proposed the measure during his Summer Statement in order to provide relief for some of the sectors worst hit by the…
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Temporary Changes to Companies House Filing Requirements
Companies House Filing

A Companies House publication has been released explaining how filing requirements will change as a result of the UK government’s coronavirus (Covid-19) support measures.  The document has been produced to provide guidance on how the measures introduced by the Corporate Insolvency and Governance Act and The Companies etc. (Filing Requirements)…
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Flexible Furlough: How the Coronavirus Job Retention Scheme is Changing
flexible furlough cartoon

The government has proposed a flexible way out of furlough for the millions affected.  As of the 14th June, approximately 9.1 million jobs from 1.1 million employers were furloughed in the UK.  However, the sheer cost of the Coronavirus Job Retention Scheme (CJRS) means it will have to change in…
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Options to Help Plan for Currency Exposure
briars group ofx

Currency markets don’t like uncertainty. Few of us do. That’s why we want to give you options on how to plan for currency exposure with some level of certainty. Because even in the middle of all this, businesses still need to move money globally. Currency markets have seen some violent…
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What Do You Need to Consider When Relocating?
briars group relocation consultancy

If you are considering relocating to the UK, there will always be some apprehension, as well as excitement for the journey ahead.  This is true whether you are considering moving yourself or relocating an assignee, and especially if the move involves the whole family - as there will be more…
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Business as usual – is there a higher opportunity?
briars group jon hammond

No matter where you are in the world, the recent Covid crisis has given us an opportunity. It has given us the time and need to reflect on effectiveness and skillsets of our organisations, our people and indeed ourselves. So what conclusions have you come to? Many of the clients…
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Bring your business to Italy
moving your business to italky

Why Italy? Italy has a history of businesses being tied up by bureaucracy and with high cost of employment, these issues are still prevalent, but times are changing…. The government realises that it needs to create the right type of environment to stimulate both business and the employment of skilled…
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HMRC update guidance on deferral of VAT payments due to Covid-19
working out vat payments

All UK VAT registered businesses are eligible to defer payments due between 20 March 2020 and 30 June 2020.  Business may, should they choose to, continue to pay as usual but have the option of delaying until March 2021. VAT payments you can defer These are the only payments a…
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HMRC’s crackdown on overseas tax evasion
expat tax haven

In a single year, HM Revenue & Customs’ (HMRC) crackdown on overseas tax evasion has seen a massive increase in the number of people admitting to not paying tax. According to a Freedom of Information (FOI) request, 867 British expats declared they failed to pay the amount they owed in…
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Working Time (Coronavirus) (Amendment) Regulations 2020 (Regulations)
holiday regulations

Changes to regulations mean that workers will now be able to carry over untaken annual leave into the next two leave years.  This applies where they have been unable to take leave due to the COVID-19 pandemic.  In this article Andrew Brierley, Briars Group Chairman, takes a look at the regulations,…
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In an unprecedented and dynamic situation, company directors need to be mindful of the law
company directors

Company directors, along with everyone else, are living in a new world.  The global response to the coronavirus outbreak has reshaped the business landscape.  Even once the immediate Covid-19 crisis has passed, no-one can be certain what the new-normal will be.  However, despite the instability, we are all still required…
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New legislation introduced stipulating what needs to be included in a contract of employment.
employment contract

What has changed? From 6 April 2020, the requirement to provide a written statement of terms and conditions extends to workers, not just employees. This now includes casual and zero hours workers.  Employers must provide their workers and employees with their written statement on or before their first day of employment, no…
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FCA propose concessions for smaller firms as a result of the Covid-19 pandemic
fca fee concessions

Under new Financial Conduct Authority proposals published this week, nine out of ten firms will have until the end of 2020 to pay their regulatory fees and levies.  The concessions have been made to smaller advice firms in light of the coronavirus pandemic. The proposals published by the FCA stated…
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Changes to government’s Coronavirus Business Interruption Loan Scheme expected to have an immediate impact.
coronavirus rescue

The UK government’s loan scheme to assist businesses hit by the coronavirus outbreak has been overhauled.  Initial measures, including government guaranteed loans amounting to £330 bn were announced in response to the disruption caused by COVID-19.  However, several problems with the scheme have since been identified and changes have been…
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Summary of government support available for businesses
government coronavirus support measures

The Government have issued a range of measures to assist businesses in the UK following the coronavirus outbreak here.  We have produced an initial report and a more detailed look at CBILS, but what follows is a brief summary of the measures being offered: Job Retention Scheme to reduce the…
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Business Support during the COVID-19 disruption
business lifeline

The UK Government has set out a package of temporary interventions to support people and businesses during the period of disruption caused by COVID-19. This package, which has been published in full on the gov.uk website, includes: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory…
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Unravelling IR35 Changes After April 2023
IR35 Tax Delay

You might have heard about IR35 changes planned for April 2023. However, in October 2022, Chancellor Jeremy Hunt announced he would scrap most of the unfunded tax cuts predicted in the mini-budget, which also affects IR35. As of July 2023, there have been no changes regarding the IR35 legislation, and…
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IR35 Changes: Risk and Responsibility in the Private Sector
independent contractor

The planned changes to the UK’s Inland Revenue 35 (IR35) Laws are intended to create a clear distinction between independent contractors and full-time employees.  By determining employment status, HMRC hopes to ensure that proper tax contributions are obtained.  In order to achieve this, IR35 shifts the responsibility for determining the…
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Eastern European Countries Look to Shed Reputation
minimum wage poland zloty

A Remarkable Transformation Real minimum wages have increased across Europe this year.  The increases have been highest in the Southern and Eastern European countries where minimum wages are the lowest.  The only exception has been Latvia and perhaps only temporarily, as the three-year agreement between employers, employees and the government…
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The End of Freedom of Movement
freedom of movement

A no-deal scenario Freedom of Movement is due to end in the United Kingdom on 31st October 2019.  As with everything Brexit related, this is not certain.  At the time of writing, no Brexit deal has been reached between the UK and the European Union.  The UK’s deadline may be…
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Communicating The New Capital Gains Tax Rules
dark window

Through a Time Window, Darkly In April 2020, new rules will be taking effect regarding Capital Gains Tax (CGT).  The policy change from HMRC aims ‘to improve collection of CGT by reducing error and increasing compliance; customers will have 30 days following property disposal to file their return and make…
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Making Tax Digital for VAT
making tax digital calculator

MTD has landed We first examined Making Tax Digital (MTD), and the arguments surrounding it, back in 2017.  Now that the dust has settled and MTD has come into force, it seems a good time for another look.   From VAT periods commencing 1st April, MTD now applies for most companies…
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Confirmation of Payee delayed to end of March 2020
do you know who you are paying

Identity and security In March 2019 a Lithuanian man was convicted for stealing over $100 million from Google and Facebook through a wire fraud scam. Evaldas Rimasauskas impersonated an Asian hardware vendor and, over a three-year period, sent fraudulent invoices for items that had never been sold or provided.  The…
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Ending sexual harassment at work
MeToo sexual harassment

Shining a spotlight The #MeToo movement has put sexual harassment in the spotlight, initially driven by a surge of allegations against high profile and celebrity figures and the subsequent injunctions that aim to keep allegations out of the public eye.  However, the movement has grown beyond Hollywood, found widespread support…
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UK open for business
UK open for business

Open All Seasons The sun never stops shining.  Businesses that have expanded to the UK will be familiar with the local unpredictable weather.  They will also understand that, though you can’t always see it, the sun rises every day.  Whether obscured by Atlantic cloud or London fog, the sun still…
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Storing Personal Data Under GDPR

There is now less than a year to go before the UK's Data Protection Act (DPA) is replaced by the EU's General Data Protection Regulation (GDPR), which will have huge implications for any business that stores personal data online. The new regulation will take effect on 25 May 2018 and…
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Auto-enrolment and the Workforce

Although the groundwork for auto-enrolment was laid in the 2008 Pensions Act, it wasn't officially launched until October 2012 and not all employers have started the process yet, although more than 7.5 million people have already been enrolled. The government's plan is to turn this figure into 10 million people…
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Not Making Tax Digital

Back in January, we urged readers to prepare for the implementation of Making Tax Digital (MTD), the Government's attempt to digitise tax returns for all business owners and the self-employed. This was due to come into effect for large businesses from next April and for small businesses the year after…
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Mind the Gender Pay Gap

From April 2017, private and voluntary sector organisations in England, Wales and Scotland with 250 or more employees will have to publish the differences between what they pay men and women in salaries and bonuses. Failure to comply with the new legislation will constitute an "unlawful act", meaning that the…
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Are you prepared for Making Tax Digital?

Although there has been widespread criticism of the Government's Making Tax Digital (MTD) proposals, business and political groups agree that the only way forward for taxation is for it to go online, so it looks as though, whether next year or by 2020, businesses will have to get to grips…
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How will your business be affected by the apprenticeship levy?

When it was first announced, the apprenticeship levy came under heavy fire from organisations representing British businesses. There were plenty of arguments against its introduction. The CBI warned that the levy would impose huge costs on employers with no improvement in training given. After a period of consultation and review,…
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Tax Implications after ruling on bank fines

UK Chancellor George Osborne has confirmed that payments made by banks to regulators are viewed as "a routine cost of doing business," and are therefore "generally deductible for corporation tax purposes." However, fines are not tax deductible. This ruling has consequences for all UK organisations. For example, the position on…
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As UK Unemployment falls and Wages rise, Companies Refocus on Benefits of Outsourcing

The mid-March labour market release from the Office of National Statistics (updated on April 20th 2016) showed that unemployment in the three months to January 2016 fell by 28,000 and the unemployment rate remained steady at 5.1%. This is the lowest level for 10 years, and a rate of unemployment…
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Data Protection Law Changes to Impact UK Organisations

The era of the stable data protection enjoyed by UK companies that has lasted for two decades is set to change. The EU will address the changes in the technological environment by condensing three drafts of the General Data Protection Regulation into one by the end of the year. The…
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Are you making annual returns of employer share schemes?

Employers need to be aware and prepared for the additional UK compliance burden that now exists in relation to annual returns in respect of the above. Employers have always been required to make a return to HMRC of all shares or options either granted or awarded to their employees as…
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HMRC gets tough on businesses ‘failing to file’ new employer share scheme

HMRC has introduced tough new penalties for employers running employee share schemes that fail to file accurate or on-time returns for the UK tax year 2014/2015. Penalties include levies of up to £5,000. Head of Tax at Briars Group, said: "UK employers have always been required to make a return…
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Grant Thornton Study Shows UK and US Businesses are Most Successful at Outsourcing

A shortened debate on the Digital Single Market Strategy (DSM) at the EU Council Meeting on June 25/ 26 2015, saw the call for rapid adoption of the Telecommunications Single Market Regulation, the Directive on Network and Information Security, and the Data Protection package. However, other objectives of the DSM…
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