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Does Automatic Enrolment Affect me?

What is automatic enrolment?

Automatic enrolment is the government’s new workplace pension reform that was introduced in October 2012.  The legislation is being introduced in stages and the majority of SMEs will enter the scheme between 1st April 2014 and 1st April 2015. 

Why is this coming into effect?

People are living for longer, yet are not saving as much, if at all, for what could be a long retirement.  The automatic enrolment scheme means that rather than having to choose to be put onto a pension scheme, employees are automatically put onto one by their employer.  

Read more: Does Automatic Enrolment Affect me?

Sole Trader/Partnership to Limited Company

Acumen Accountants & Advisors often helps businesses of Sole Trader or Partnership status develop to a Limited Company. There are number of incorporation procedures to be taken care of when changing your legal structure Sole Trader/Partnership to Limited Company. 

Another status adopted by some clients is a Limited Liability Partnership (LLP). 

 

Read more: Sole Trader/Partnership to Limited Company

Why outsource your payroll/ finance functions?

Most businesses these days outsource some elements of their day-to-day functions, whether it is IT, HR administration or elements of the finance department.  Outsourcing your payroll and finance can work for any business of any size.  It means that you have time to focus on what you need to do to grow and develop your business. 

Here are 5 reasons why it makes sense to outsource:

Read more: Why outsource your payroll/ finance functions?

How to improve your business with the Cloud

The continual strive for business growth has forced many businesses to evaluate their outdated and disparate systems and look towards an alternative as a
 means to stay ahead of their competition.

Technology has evolved and changed the way businesses operate. The growing popularity of mobile devices and BYOD (bring your own device) has had a big impact on the way businesses operate and interact with their consumers. Many leading businesses are now turning to the cloud as an effective way to reduce costs and improve operational efficiencies.

Read more: How to improve your business with the Cloud