Resource, Insource & Outsource 
The eFM Network
October 2011
IN THE OCTOBER ISSUE
Featured Article: Natwest Offers
You could Be Affected By AWR
SME Accounting Rules Change
New Minimum Wage Rate
The SME Challenge
Interim Cover
 

 

 

Featured Article

 

Natwest Offers New Options To Secure Borrowing And Maximise Savings 

 

In the current climate, you need to ensure your cash reserves are working as hard as possible. Natwest is currently offering a fixed return on savings with their great range of Fixed Rate Deposits. This is a limited offer only and will be offered on a first come, first serve basis.

 

Small firms with viable business proposals that are unable to obtain a conventional loan due to lack of security may be able to obtain finance under the Enterprise Finance Guarantee.

 

All enquiries can be directed to Sudha Panchal or you can simply reply to this newsletter

 

 

 
 

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You Could Be Affected By AWR Changes From The 1st of October
 
The new agency workers regulations take effect from the 1st of October 2011. Your business may be affected by this rule and if you would like to find out if the increased costs and resposibilities arising from the change could affect you, take action now.
 
SME Accounting Rules May Change In The Future

 

A draft EU directive calls for a simpler SME financial reporting, no mandatory IFRS for small companies and an increased threshold for statutory audit.While this may affect global standards, SMEs may benefit from the reduced liability. How could you be affected?
National Minimum Wage Rate Changes On The 1st Of October. 
 
The minimum wage rates are reviewed annually by the low pay Commission. From the 1st of October, new rates apply, ensure you are compliant.
The SME Challenge

 

Contributed by Richard Keighley:
Over the coming months, small and medium sized businesses will be confronted with a fresh wave of challenges with legislation changes, huge cuts in revenue and cash flow problems that do not seem to disappear. Experience has shown that  business failures are more prevalent when coming out of a recession. 
Pay-As-You-Use Model 
Interim Cover

 

Parental leave entitlements were reviewed this year and finding appropriate and cost effective cover is getting even more difficult for many employers with additional liabilities, scheduling issues and claims, not to mention the possibility of the new parent not returning to work. 
 
For professional paternity and sickness cover, or specialist project work, speak to us about your interim management needs  and we will shortlist suitable candidates with relevant industry experience. All charity clients get 15% rebated back. We know that with the extra 2.5% to HMRC in VAT this year, charities are probably the hardest hit as they are not always able to claim back VAT on purchases. 
Our Network Team

 

To view the profile and contact details of our regional finance specialists and request a service, please click on a link below: