Magazine News

Adam Rainey, regional director for the South West at Lloyds Bank Commercial Banking

South West business confidence falls for third successive month

Business confidence in the South West of England fell four points during August to 15 per cent, according to the latest Business Barometer from Lloyds Bank Commercial Banking. Companies in the South West reported lower confidence in their business prospects, which fell five points to 13 per cent, and lower economic optimism, down three points to 16 per cent. Together, this gives an overall confidence of 15 per cent, which is four points below last month's figure of 19 per cent.

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Alexandra Penson Ian Bentley Shannon Knight FP Wealth Management

Seeking to change the future of the financial services

A project called the 'Future of Advice', involving Bournemouth University (BU), The Personal Finance Society (PFS), Simplify Consulting and FP Wealth Management (FPWM), is seeking to change the future of the financial services industry. The collaboration of organisations was created with the clear aim of attracting young talent in to the industry. It aims to build a sustainable, repeatable and scalable framework for an Undergraduate Financial Services Student Placement Scheme.

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Deadline for post-16 Child Benefit looms

Students who collect their GCSE results and plan to stay in full time education or unpaid training are still eligible for child benefit - but their parents must inform HMRC of their plans so it's not automatically stopped on August 31.

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Lucinda Coleman, Business Recovery Partner at PKF Francis Clark.

Personal insolvency rates soar across the South West

The South West has been identified as having sky-high personal insolvency rates, topping other areas of the UK, including London. Statistics reporting trends from 2000 up to 2017 recently published by The Insolvency Service that look into individual insolvencies by location, age and gender for England & Wales show an adverse reading for the South West, with the area coming out with the second highest total of bankruptcies per region in 2017. Figures show 3.9 per 10,000 adults becoming bankrupt, which is an increase on the previous year and above the national average.

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Mandy Gardiner

PW Payroll Solutions named in The Reward 300 index

Poole based payroll specialists, PW Payroll Solutions have been listed in the top 50 'knowledge and professionals services' category of The Reward 300 index. The Reward 300 celebrates individuals who have been recognised as the most influential leaders and dedicated professionals working across payroll, HR, employee benefits, workplace pensions and associated sectors.

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Chris Peters, Financial Planner at Ward Goodman

Ward Goodman advise on regular reviews of Workplace Pension Schemes

Ward Goodman, the Dorset based firm of Chartered Accountants and Independent Financial Advisers, has issued key advice on Workplace Pension Schemes following recent articles in the press which highlighted a stark contrast in performance of the best and worst auto-enrolment schemes.

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Neil Davies CBAF CEO

UK firms ask for simpler approach to business rates

The UK's SMEs are overwhelmingly calling for business rates to be made both simpler and more flexible, research from Close Brothers Asset Finance reveals. Overall, the figure stands at 71%, with businesses at the larger end of the scale feeling particularly frustrated (see table, below).

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Access to the accounting profession needs to improve, says new ICAEW President

ICAEW's new President for 2018/19, Paul Aplin, wants access to the accountancy profession to improve to help attract those with the most ability regardless of background. Paul, a tax partner from A C Mole and Sons in the South West of England, will also focus on embracing digital technology and a connected global community during his year as President.

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Cobham Gate at Ferndown Industrial Estate

£9.7m loan scheme relaunched to support local economic growth in Dorset

Dorset Local Enterprise Partnership (LEP) is relaunching its £9.7 million Growing Places Fund - a repayable loan scheme that encourages jobs and housing creation in Dorset. Funded by central government, the loan scheme is designed to unlock capital projects which have a significant economic impact and can quickly deliver tangible economic outcomes.

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Speakers at the Ellis Jones’ insolvency seminar (left to right) Carl Arreghini, associate solicitor, Ells Jones; Seb Oram, 3PB Barristers; William Fox Bregman, Head of Banking and Finance Litigation, Ellis Jones, and Robert Bajaj, consultant solicitor.

Insolvency specialist predicts rise in business failures

An insolvency specialist is forecasting a rise in business failures across the South. Robert Bajaj, a consultant solicitor with regional law firm Ellis Jones, said that all the ingredients existed for "a perfect storm." Speaking at an insolvency seminar, Mr Bajaj highlighted a range of factors including:

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Rose Duly Tax Consultant at Ward Goodman

Ward Goodman's Tax Consultant, Rose Duly, unravels some tax return myths

Rose Duly, Tax Consultant at Dorset based Chartered Accountants and Independent Financial Advisers, Ward Goodman, has addressed some common misconceptions and queries surrounding tax returns, what to do if you are sent one, and what to do if you have not been asked to complete one.

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Head of Tax Technical - Lisa Macpherson

Post Spring Statement- Tax-related consultations and calls for evidence

The Chancellor kept his promise yesterday and spoke for barely 20 minutes. He had promised not to make any tax announcements, and kept his word, although he did release a number of tax-related consultations and calls for evidence. Among these were:

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