Britebooks News

HMRC criticised for encouraging employers to explain NI tax increase to their workers

HMRC criticised for encouraging employers to explain NI tax increase to their workers

  HM Revenue & Customs has attracted sharp words from some bosses over its encouragement to employers to include certain messaging on payslips in relation to next month’s rise in National Insurance (NI) contributions.  What is the controversy about?  The Daily Telegraph has reported that business owners are being urged by the department to state…

Staff shortages in South West England drive wage increases to record high

Staff shortages in South West England drive wage increases to record high

A new regional jobs report, as cited by the BusinessLive website, has said that a shortage of workers is leading to an unprecedented rise in full-time starting wages, as well as temporary-worker pay, across the South West of England.  The report in question stated that during December 2021, not only did starting wages shoot up,…

London is the highest-ranking UK region for business confidence during December

London is the highest-ranking UK region for business confidence during December

There was a six-point fall in business confidence in London during the final month of 2021 to 57%, according to a business barometer recently reported on by the LondonlovesBusiness website – although this still left the capital as one of the UK’s most business-confident regions.    The data was gathered from 1,200 firms over the…

UK firms set to drive net business borrowing into minus territory over the course of 2021

UK firms set to drive net business borrowing into minus territory over the course of 2021

While there are many potential indicators of the improving state of ‘UK plc’ since the end of the previous coronavirus lockdown restrictions during 2021, one of the key ones might be the projected fall in net business borrowing over the course of this year. As reported by Cambridge Network and elsewhere, it is predicted that…

Why You and Your Business Would Benefit from Online Bookkeeping

Why You and Your Business Would Benefit from Online Bookkeeping

Online bookkeeping is slowly taking over traditional bookkeeping. There are several reasons why – BriteBooks is here to explain them. The digital age is truly upon us, and accountancy and bookkeeping aren’t left behind. New technologies are helping the industry move towards a paperless format. There are several benefits to online or virtual bookkeeping. Read…

UK firms facing post-Brexit staffing challenges as new Border Controls loom

UK firms facing post-Brexit staffing challenges as new Border Controls loom

In news that won’t greatly surprise many observers, it has been reported that UK businesses are having a tougher time finding suitable candidates for their vacant positions after the UK’s departure from the European Union (EU). And there are further tests to come for such companies, with the New Year set to see the introduction…

‘Mixed bag’ for UK businesses hit by rising costs, despite jobs and output growth

‘Mixed bag’ for UK businesses hit by rising costs, despite jobs and output growth

While it is not exactly news that the COVID-19 pandemic has accelerated a wide range of impacts on businesses and our day-to-day lives, a recent report from the Financial Times on the apparent relationship between online-based business and productivity will still raise some eyebrows. The newspaper cited Office for National Statistics (ONS) figures indicating that…

What does the Chancellor’s announcement of a business rates discount truly mean for UK firms?

What does the Chancellor’s announcement of a business rates discount truly mean for UK firms?

With the news of the measures contained within Chancellor of the Exchequer Rishi Sunak’s recent Budget still being absorbed by many businesses, the exact implications of the announcements are only just emerging in some cases. This would certainly seem to be true of the cut to business rates for shops, restaurants, bars, gyms and similar…

Businesses warn Sunak off further punitive tax rises

Businesses warn Sunak off further punitive tax rises

With the Autumn Budget and spending review on the horizon for 27 October, economists and industry leaders have warned the Chancellor of the Exchequer that the UK’s economic recovery could be blown off course if businesses are faced with a new set of punishing tax hikes.  The stern words towards Rishi Sunak came in the…

UK’s small businesses ‘need support to digitise’ to achieve £827 billion growth ambitions

UK’s small businesses ‘need support to digitise’ to achieve £827 billion growth ambitions

In another strong sign of the ever-increasing role digital bookkeeping and other technological solutions can play in helping to power business success, new research has suggested that the UK’s small and micro businesses could miss out on a growth opportunity of around £827 billion over the coming half-decade if they are not supported to digitise. …