UK avoids slipping into 2019 recession

The UK economy has narrowly avoided slipping into recession in 2019, according to the latest quarterly GDP figures. The Office for National Statistics (ONS) claimed the economy grew by 0.3% in Q3 2019, following a 0.2% contraction at the end of Q2 2019. Two...

Over-50s fuel increase in freelancers

The number of freelancers who are over the age of 50 has increased 59% in the last decade, according to a report. The Association of Independent Professionals and the Self-Employed (IPSE) claimed there are more than 1.9 million self-employed over-50s in 2019. While...

Landlords ‘prefer operating as limited companies’

Buy-to-let landlords prefer to purchase residential properties through a limited company, regardless of the size of their portfolio. Foundation Home Loans (FHL) claimed that 62% of landlords with up to ten properties bought homes via a limited company in the three...

Delay to loan charge review leaves thousands in limbo

A report into the controversial loan charge may not be published until after a deadline for settlements with HMRC has passed. Up to 50,000 people whose employers had paid them through loans from offshore trusts dating back to 1999 were warned earlier this year they...

Auto-enrolment: do you know your duties?

As an employer, auto-enrolment rules require you to put qualifying members of staff into a workplace pension scheme. Your responsibilities don't end there – auto-enrolment comes with ongoing requirements, including keeping records, monitoring staff details, and...