AI expert to lead action plan
New UK Science Secretary, Peter Kyle, has put Artificial Intelligence or AI at the heart of the government’s agenda to deliver change, sustained economic growth and improved public services.
The Secretary of State has appointed Tech entrepreneur and Chair of Advanced Research And Invention Agency
Labour market stats not encouraging
The number of people classed as economically inactive has spiraled to 9.4 million.
Data published by the Office for National Statistics (ONS) shows the percentage of people employed has fallen to 74.4%, while a near record 2.8 million people are now out of work due to long-term sickness.
The
Your stake in your business
Ever wondered how your stake in your business is represented in your accounts?
The answer can be found at the bottom of your balance sheet. Simply put it is the value of your physical business assets less any liabilities; usually described as net assets.
But this is not the full story as there is
Responding to a personal data breach
The Information Commissioner’s Office has a simple guide that explains what you need to do in the 72 hours following a data breach.
The seven step approach advocated is set out below:
Step one: Don’t panic
It’s understandable if you’re concerned about what happens next. But we’re here to help
The new Chancellor’s first speech
The Chancellor has promised to take immediate action to fix the foundations of the economy, rebuild Britain and make every part of the country better off.
In her first speech as Chancellor, Rachel Reeves pledged to leaders of some of the UK’s pioneering industries to build growth on strong and
Exit plans
Exit can be seen as quitting, especially if the exit discussed is your business interests.
But actually, business exit planning is an essential part of general business planning. In some respects, it is the most important aspect of business development planning as it shines a light on the timing
Translation
If you receive documents from overseas customers or suppliers and you need to translate text into English, have you used Google Translate?
It’s a free, but incredibly powerful facility.
You can select to translate:
Individual blocks of text that you add to view in alternate languages.
Images
Extracting profits from a small, limited company
It is pretty much universally accepted that shareholders (usually directors) of small companies take out their remuneration as a small salary – a salary pitched high enough to secure NIC benefits but not high enough to that employee NIC contributions are payable – and any balance as
What is a group company structure?
A group is formed when one company has control of, owns, a number of subsidiary companies.
A group is different to an arrangement where an individual owns a number of companies personally. In this case the companies would be called associated or sister companies.
What are the advantages of a
Tax relief for training costs
If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be used to reduce your taxable profit.
As a general rule you can claim for items that you would normally use for less than 2 years as allowable expenses such as stationery and other office