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Half of small firms struggle with auto-enrolment

Nearly half of small businesses subject to auto-enrolment are unclear on the rules, according to research from the Federation of Small Businesses. Around 45 per cent of 1,000 firms surveyed did not understand their responsibilities, the FT reports. The research also found that 25 per cent of small businesses were worried they could not afford auto-enrolment, […]

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Using pensions to take tax-efficient business profits

Alan, aged 56, owns a limited company. Each year he reviews his remuneration strategy at the end of his reporting period on 31 December. The approach he has taken to date is a low salary topped up by dividends. The business has generated £100,000 of profit in 2015 and Alan uses the remuneration he takes […]

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FCA drops HSBC tax evasion probe

The FCA has reportedly ended its investigation into tax evasion at HSBC, with the bank dodging formal action from the regulator. HSBC spent much of 2015 under fire for the actions of its Swiss private bank, which aided more than 1,000 UK customers evade tax between 2005 and 2007. The FCA confirmed in February 2015 […]

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