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Tuesday, 19 April 2011 14:23

Today, the world of commerce moves at an ever-accelerating pace.

 

Every day new layers and levels of compliance to laws, rules and regulations hit business: the red tape seems endless, some days.

 

Good Risk Management analyses such contingencies, which may hit a business: and takes the proper steps to minimise their effect.

 

It’s a fact that many smaller businesses, for example, have never bothered to ensure all employees enjoy a good contract of employment. It is of course a legal requirement: however, since the penalties are small, it is not seen as too much of a problem.

 

Unfortunately, all employers suffer at some time or another from Rogue Employee Syndrome: there’s always one, lurking in the background.

 

And it is when the relationship ends in tears, that the employer realises how open they are to attack: simply because they failed to generate good contracts of employment.

 

And that is only just one example.

 

MCFA can assist by carrying out a simple Risk Management Assessment and therefore advise what steps to take to minimise the fall out from identified risks.

 

 

Last Updated on Tuesday, 19 April 2011 14:26
 
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Key Budget Highlights
· Main rate of corporation tax cut from 28% to 26%.
· Small profits rate of corporation tax cut from 21% to 20%.
· Personal allowance increased by £1,000 to £7,475.
· All National Insurance rates increase by 1%.
· R&D tax relief for small and medium sized companies increased from 175% to 200%.
· VAT compulsory registration turnover threshold raised from £70,000 to £73,000.
· Capital gains tax annual exempt amount raised from £10,100 to £10,600.
· Entrepreneurs’ relief lifetime cap raised from £2 million to £10 million.
· Income tax relief on investments in EIS shares increased from 20% to 30%.