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Help us tackle excessive red tape, says UK Government

Friday, August 5th, 2011

Businesses have been invited to blow the whistle on regulations that are both excessive and inconsistent in an effort to reduce the compliance burden faced by many firms. The new drive, aimed at freeing enterprises from the shackles that administering the rules often imposes, is a result of feedback that the Government has received since launching its Red Tape Challenge.

The challenge asked firms to identify those rules where tick-box regulation, multiple inspections and contradictory advice are making it more difficult both to run their businesses and to develop and grow. Specifically, the Government now wants to hear about the way in which regulations are being enforced. (more…)

Tags: uk business, UK news
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off

UK Bribery Act finally in place

Tuesday, August 2nd, 2011

New UK laws aimed at cracking down on business bribery have come on stream. The UK Bribery Act, which took effect from 1 July 2011, has been designed to bring the UK into line with international laws on tackling corruption.

Under the Act, it is illegal to offer or to receive bribes. A new law of failing to prevent bribery is also introduced. Both British and foreign companies with a presence in or engagement with the UK are subject to the new rules, which cover bribes made or received in Britain and overseas. (more…)

Tags: Government, UK, UK business guides, UK Law, UK news
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off

Smaller UK employers will be hit by compulsory pension plans

Tuesday, July 26th, 2011

Plans to begin implementing auto-enrolment pension schemes in 2012 will hamper the ability of smaller firms to run their businesses, it has been claimed. A new survey from the Institute of Directors (IoD) found that over a half of the businesses polled (57 per cent) thought that the administrative burden imposed by the rules will be high or very high.

The auto-enrolment programme, which will begin its phased introduction in October 2012, means that, over time, employers must include staff in occupational pension schemes, although workers will be granted the opportunity to opt out if they so choose. (more…)

Tags: Pension Benefits, Pension contributions, SME
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off

When being “local” might be your ticket to being “global”

Thursday, June 30th, 2011

I recently read the following article via LinkedIn – on the opposite end of the scale, it should resonate to any overseas company looking at doing business not only in the UK – but to any country outside of its home territory.

‘Think global, act local’ is a phrase often associated with environmental and social movements. Surprisingly, for me it also resonates with export planning. In a single sentence it captures both the aspirations and the tactics needed for many export businesses to grow – whether you are a two-person, family-owned, internet business or a large-scale building company.

So if exporting is the right way to grow and strengthen a business, what tactics are needed to ‘act local’? (more…)

Tags: business in the UK, Culture, FDI, overseas trading
Posted in A Personal View, Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off

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