companies house made easy

self-assessment deadline extended

Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.

schools must develop entrepreneurs

The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.

google targets welsh SMEs

Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.

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October 1st saw the minimum wage rise by 7 pence per hour for adults, and a new law on tipping come into force, preventing employers to use tips to make up wages to the minimum rate.

Restaurants, bars and hotels that use a service charge to make up the wages of their staff are no longer allowed to do so. All staff must be paid at least the national minimum wage of £5.80 for people over 21, £4.83 for people aged 18 to 21, and £3.57 for 16 and 17 year olds.

Tips are now to be considered a bonus for staff, although there are concerns from some in the service industries that tips will now go directly to management or employers, and will bypass the workers who earned them.

The British Hospitality Association (BHA) believes that the move could cause many bars, restaurants and hotels to cut staff because they cannot afford to the increased costs. They estimate 5,000 job losses as a result.