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Employers face stricter rules over workers’ rights
A series of major reforms are set to change employment laws and practices for businesses that employ flexible workers on zero-hour contracts, creating possible extra costs for employers. The government announced its Good Work Plan on 7 February 2018, in response to...
More landlords in buy to let arrears
The number of landlords who have fallen significantly behind on their mortgage repayments rose 20% in the last year, according to data published by UK Finance. In Q4 2017, there were 5,100 buy-to-let mortgages in arrears of 2.5% or more of the outstanding balance,...
3 in 4 SME owners plan to work past retirement age
Most leaders of small and medium-sized businesses plan to work past the age of 65, according to research. A survey by Aldermore of 1,008 senior SME decision-makers revealed that 73% of business owners are planning to work past their state pension age. Almost...
Startup numbers fall after IR35 clampdown
The formation of new companies incorporated in the UK dropped in 2017, according to data published by Companies House. Some 622,713 new companies were launched last year, down from 646,703 in 2016, representing a drop of around 4%. Commenting on the figures, the...
Economic growth exceeds forecasts
The UK economy grew by 0.5% from October to December 2017, according to figures from the Office of National Statistics (ONS). This surpassed the Office for Budget Responsibility’s prediction of 0.4% growth for the quarter. Growth was particularly strong in the...
Self-employed workers ‘failing to prepare financially’
Many self-employed workers and small businesses lack adequate savings, according to research. In a survey of 1,174 adults conducted by Aldermore, 22% of self-employed workers said they have no business savings at all, while 40% have less than £1,000 in savings. This...
Tax-payers reclaim £493m from HMRC
HMRC has had to return nearly half-a-billion pounds to taxpayers since April 2015, according to analysis of government statistics. Royal London claims the Revenue is overcharging on two areas of the tax system, and has had to refund £493 million to taxpayers as a...
TC Group Merges With MFA Accountants
TC Group is pleased to announce the completion of a merger with MFA Accountants. MFA’s offices will shortly be closing and their clients will be serviced from TC Group’s head office in Portsmouth. Grant Bartholomew, Partner of TC Group, states: “I am delighted that...
TC Group Merges with Daymar
TC Group is pleased to announce the completion of a merger with Daymar, based in Guildford, Surrey, with clients being serviced by TC Group’s Farnham office. Simon Howell, Partner of TC Group, states: “I am delighted that Daymar will now be working with TC Group and...