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Posted By Helen Gould

About Helen Gould

Helen was the News Writer for LSBF writing about technology, SMEs, sustainable business and women in business.

Contact Helen at helen.blog@lsbf.org.uk
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Helen Gould

Creative industries add £84bn to UK economy

January 26 ,2016 | by Helen Gould

Creative industries add £84bn to UK economy

The creative industries contributed £84.1billion to the UK economy in 2014, which is a rise of £7billion from 2013.

The sector grew almost twice as fast as the wider economy, according to figures released by the Department for Culture, Media and Sport.

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Deloitte study finds analytics essential for IT success

January 25 ,2016 | by Helen Gould

Deloitte study finds analytics essential for IT success

Big Four firm Deloitte has released its latest study identifying trends currently having an important impact on companies across various industries.

The multinational systems designer, integrator and consultant has issued its third Analytics Trends report, which was released on 13th January. The study picks out items of importance for business operation in the accountancy and financial sectors and beyond.

 

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European Central Bank keeps interest rates unchanged

January 22 ,2016 | by Helen Gould

European Central Bank keeps interest rates unchanged

The Eurozone's interest rates remain unchanged after the European Central Bank (ECB) decided to keep them at 0.05% at its latest meeting.

The decision was widely expected, as was the choice to leave the overnight deposit rate at -0.3% after its change last December.

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BHP Billiton to write down £5bn shale assets

January 18 ,2016 | by Helen Gould

BHP Billiton to write down £5bn shale assets

In a move that could have repercussions for the UK economy in its own drive towards expanding shale extraction operations, leading firm BHP Billiton has written down the value of its US shale assets by £5bn ($7.2bn).

The news comes on the back of the company having already had to deal with a fatal dam collapse in Brazil and other falling commodity prices.

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Gigabit age coming for broadband, says Deloitte

January 14 ,2016 | by Helen Gould

Gigabit age coming for broadband, says Deloitte

Big Four accountancy firm and business advisors Deloitte say that broadband speeds will get much faster this year, with Gigabit per second connections set to increase by a factor of ten.

Deloitte predicts the changes in the 16th edition of its Global Media Trends publication from the firm's technology, media and telecommunications (TMT) practice.

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Midlands accountancy powerhouse created by merger

January 13 ,2016 | by Helen Gould

Midlands accountancy powerhouse created by merger

Two prominent accountancy firms in the Midlands have merged to create a new firm that is likely to have a significant impact on the region.

The move, which was first announced in November, has now been completed and sees the merging of PKF Cooper Parry with historic Birmingham accountancy firm Clement Keys.

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UK economy sees December house price rise

December 31 ,2015 | by Helen Gould

UK economy sees December house price rise

The price of the average house in the UK rose strongly in December, according to the latest survey from Nationwide.

The building society's research revealed a 0.8% increase in value, compared to only 0.1% in the previous month of November.

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HMRC boosting online protection for tax returns

December 29 ,2015 | by Helen Gould

HMRC boosting online protection for tax returns

HM Revenue and Customs (HMRC) is planning to improve online security before the 31st of January 2016 deadline for self-assessment tax returns. It advised its customers to “remain vigilant” when filing their returns online.

HMRC will be sending out up to one million emails within the next six weeks, reminding individuals that they will need to file their online self-assessment tax returns by the 31st January. The tax authority also announced its aims to protect its customers from tax scams, which are common around this time of year.

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Business leaders need to be mindful to be effective, says ACCA report

December 23 ,2015 | by Helen Gould

Business leaders need to be mindful to be effective, says ACCA report

Business leaders need to have “mindfulness” over mathematics skills in order to be effective and avoid scandals, according to a report conducted by the Association of Chartered Certified Accountants (ACCA).

The report, titled “CFOs and the c-suite - leadership fit for the 21st century”, stated that traditional leadership training is “out of touch” with the senior business executives of today and that leaders need to be mindful in order to make decisions in “turbulent circumstances”, support self-regulation and avoid toxic stress.  

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Business leader Sarah McVittie offers advice on entrepreneurship

December 22 ,2015 | by Helen Gould

Business leader Sarah McVittie offers advice on entrepreneurship

Sarah McVittie has offered advice to budding entrepreneurs in her latest column for Elite Business magazine. The entrepreneur shared her experiences of running a start-up, stating that she learned what she should and shouldn’t do when running and growing a business at the same time.

McVittie runs Dressipi, a fashion tech start-up that is based in London, with co-founder Donna Kelly. She brings shareholding and sales experience to the business, while Kelly focuses on the products. 

 

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Businesses will pay out “more than £1bn” for National Living Wage

December 17 ,2015 | by Helen Gould

Businesses will pay out “more than £1bn” for National Living Wage

The introduction of the National Living Wage next year is likely to cost UK businesses more than £1bn, according to Government advisors.

The change to the minimum wage laws will mean that companies will have to pay out £804.4m in extra wages and staff costs if estimates by Government advisory body the Regulatory Policy Committee (RPC) are correct.

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£80.5bn tax bill paid by big UK business, analysis shows

December 16 ,2015 | by Helen Gould

£80.5bn tax bill paid by big UK business, analysis shows

The Treasury's coffers gained £80.5bn in tax contributions from big business in the UK this year, according to analysis by Big 4 firm PwC.

The report, which was made for the 100 Group of finance directors, noted that companies are paying higher rates of tax in spite of the continued reduction in the rate of corporation tax.

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Scottish tax authority praised by Audit Scotland

December 11 ,2015 | by Helen Gould

Scottish tax authority praised by Audit Scotland

The introduction of the new Scottish land and property tax regime has been handled well by The Scottish tax authority, says Audit Scotland.

According to a report, which considered how Revenue Scotland performed in delivering the Land and Buildings Transaction Tax (LBTT) and the Scottish Landfill Tax, Revenue Scotland had successfully managed the process and dealt with all the problems that occurred.

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Charity Commission gets new governance framework

December 03 ,2015 | by Helen Gould

Charity Commission gets new governance framework

A revised and updated governance framework has been published by The Charity Commission following an independent review.

The effectiveness of the existing governance framework was the focus of the review, which came about after a recommendation from the National Audit Office.

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European Commission proposes overhaul of prospectus rules

December 02 ,2015 | by Helen Gould

European Commission proposes overhaul of prospectus rules

An overhaul of the prospectus rules is being proposed by The European Commission, which says cutting the amount of paperwork required and increasing the thresholds will make things easier for small and medium-sized companies.

Simplifying information for investors to access funding when issuing shares will lead to a lighter regime for smaller companies with less complex prospectuses, the Commission says.

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UK GDP growth slowed by weakening trade

November 29 ,2015 | by Helen Gould

UK GDP growth slowed by weakening trade

Poor overseas trade figures have caused the UK economy to slow down, with the result that household spending is now the main driving force of the recovery.

Official figures from the Office for National Statistics (ONS) revealed that GDP growth fell in the third quarter, standing at 0.5% at a drop from 0.7% in the second quarter.

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Help with costs promised for big energy users

November 26 ,2015 | by Helen Gould

Help with costs promised for big energy users

Steel and chemicals industries will be amongst the big users of energy that will benefit from being exempt from paying environmental tariffs.

The announcement was made in Chancellor George Osborne's Spending Review and Autumn Statement and is seen as his response to demands for help for the beleaguered steel industry in the UK. 

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Deloitte uses gaming app to attract broader range of talent

November 25 ,2015 | by Helen Gould

Deloitte uses gaming app to attract broader range of talent

Gaming technology has now been introduced to Deloitte'srecruitment process in an attempt to identify people with certain skills.

Innovation, creativity, and problem solving are the key qualities that the firm looks for in candidates applying for its BrightStart Business Apprenticeship programme. Now an app will play a large role in selecting who is accepted onto the scheme.

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Buy-to-let still a healthy investment, says PwC report

November 08 ,2015 | by Helen Gould

Buy-to-let still a healthy investment, says PwC report

New research from PricewaterhouseCoopers says that the lettings market will not be adversely affected by the end to some tax relief that landlords can currently claim.

The Big 4 firm found the Government’s reduction of mortgage interest tax relief for landlords is unlikely to stop the continued popularity of buy-to-let in the UK economy.

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Women in finance get board-level boost, shows research

November 06 ,2015 | by Helen Gould

Women in finance get board-level boost, shows research

Women have more opportunities to reach senior jobs in the accounting and finance sector than they did a decade ago, says new research by recruitment company Robert Half.

Nearly two thirds of UK finance directors believe that the position has changed over the past ten years.

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HMRC issues guidance document explaining changes to Gift Aid

November 04 ,2015 | by Helen Gould

HMRC issues guidance document explaining changes to Gift Aid

HM Revenue and Customs (HMRC) has issued new guidance to charities regarding the changes to Gift Aid.

The new rules surrounding the tax break, which can be an important source of income for a wide range of charities, are laid out in a new guidance document published by HMRC aimed at helping charities adopt the measures.

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Sage launches new payments service for small businesses

October 30 ,2015 | by Helen Gould

Sage launches new payments service for small businesses

Accountancy sector brand Sage has launched a new service that lets SMEs make domestic and international payments directly from their software.

Sage Payments will allow small and medium sized businesses to use accounts or payroll systems to make the payments.

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Records on property values could be kept for a generation

October 09 ,2015 | by Helen Gould

Records on property values could be kept for a generation

New UK taxation rules concerning allowances on the value of property to be passed on to descendants could mean that records need to be kept over the span of a generation.

The revised residence nil-rate band that affects the calculation of the level of inheritance tax relief available to families is expected to mean records will need to be kept for far longer periods than ever before.

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SME manufacturing growth hit by skills shortage, shows survey

September 30 ,2015 | by Helen Gould

SME manufacturing growth hit by skills shortage, shows survey

More than one in four of Britain's manufacturing SME's are having their potential for growth held back by a shortage of skilled workers according to a new survey.

MHA, the UK-wide group of accountancy and business advisory firms, has made the claim in its latest annual Manufacturing Survey, which sampled 400 mainly small and medium sized manufacturing and engineering businesses in the UK.

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Businesses lose over £200bn to cyber attacks a year globally, reveals study

September 26 ,2015 | by Helen Gould

Businesses lose over £200bn to cyber attacks a year globally, reveals study

Cyber attacks have cost businesses across the world more than £200 billion over the past year, according to new research from Grant Thornton International Ltd.

The Grant Thornton International Business Report (IBR) surveyed 2,500 business leaders in 35 countries and found that in excess of one in every six businesses fell victim to a cyber attack in the past 12 months.

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