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Business management

Small businesses urged to comply with the law on pay

Smaller firms are being encouraged to examine their pay systems to make sure they are not breaching the law on equal pay.

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Employers should update HMRC payroll systems

Employers who use HM Revenue and Customs’ employer CD-ROM with which to manage their payrolls are being advised to update it as soon as possible.

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Employers may cut benefits to accommodate auto-enrolment

Employers could reduce the benefits available in workplace pension schemes as a result of plans to introduce auto-enrolment for all workers.

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Limited time left for PAYE consultation

Employers have only a few weeks remaining in which to share their views with HM Revenue and Customs (HMRC) on possible changes to the PAYE system.

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Employers give backing to pension changes

A small majority of employers say they support plans to introduce the automatic enrolment of employees into a workplace pension scheme.

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State pension age could require 'significant' rise

The state pension age will need to rise to 72 over the next two decades if the government wishes to peg retirement costs to the public purse at the same level as existed in 1981.

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Small firms risk falling victim to online credit card fraud

Small firms that trade online are not taking sufficient precautions against payment processing fraud, it has been claimed.

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Profit sharing attractive to employees

A majority of employees insist that participation in some form of profit sharing scheme would boost their productivity.

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