Auto-enrolment contribution increase could affect small firms

Employers and employees in small businesses could struggle to comply with an increase in auto-enrolment pension contributions, according to a report by the Association of Consulting Actuaries (ACA). The total minimum auto-enrolment contribution is scheduled to rise from 2% of earnings to 5% from October 2017 and 8% from October 2018. The minimum contributions for employers will rise from 1% to 2% from […]

Paul BeareFounder, Paul Beare Ltd

Errors Found in a Third of Credit Reports – Kevin Beare & Co International Accountants

More than a third of people who have checked their credit report in the last 2 years have found errors, research by uSwitch has found. A credit report summarises a person’s financial history and is used by credit providers to determine their creditworthiness. The survey of more than 2,000 people found that 38% have found […]

Paul BeareFounder, Paul Beare Ltd

Kevin Beare & Co International Accountants – Low interest rates encourage savers to spend

More than two fifths of savers have made unplanned withdrawals in the last 12 months, according to a survey by Prudential. The survey of more than 2,000 people with savings and investments reveals that 43% have withdrawn money from their savings in the past year. However, 18% admit that they would not have withdrawn their […]

Paul BeareFounder, Paul Beare Ltd

Kevin Beare & Co International Accountants – SMEs confident about growth prospects

Small and medium-sized businesses (SMEs) are predicting strong growth in turnover during the next 5 years, according to a survey by Santander. The survey of 500 business owners found that SMEs with annual turnover of up to £20 million are forecasting turnover to increase by 33%. The research indicates that SMEs are positive about their […]

Paul BeareFounder, Paul Beare Ltd