October 20, 2022
250,000 UK Businesses Stopped Trading In The 1st 6 Months Of 2022
The cold hard reality is that things will get worse and not better over the next 18 to 36 months in the UK.
What the UK is going through from a bankruptcy perspective will be the same for all G-20 / OECD countries.
"Over a quarter of a million U.K. companies stopped trading in the first half of this year—16% more than in the first half of 2021 and 40% more than in the first six months of prepandemic 2019, according to the Office of National Statistics. It was the largest number ever recorded in a six-month period, according to the ONS."
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3) Keep employees reimbursed & happy in a tax efficient lower cost way than a stipend
4) Align your smartphone reimbursement policy to your mileage reimbursement policy. IRS has required a mileage book for years and nowrequire a “mileage book for connectivity costs.”
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Win / Win For Employees & Employers By Sharing The Costs :
Save $1,500 / Year By Not Carrying 2 Phones (1 Business & 1 Personal) :
Our Mobile Cost Management (MCM) Solution :
- 70% More cost effective than a Stipend for Smartphone Reimbursement
- 75% More cost effective than a Company provided phone
- Keeps companies labour law and tax law compliant
- Protects companies against class action lawsuits by their employees for failure to reimburse or adequately reimburse
- Keeps employees reimbursed & happy in a tax efficient lower cost way than a stipend or company provided phone
- Aligns your smartphone reimbursement policy to your mileage reimbursement policy. Tax authorities globally have required a mileage book for years and now require a "mileage book for connectivity costs" denoting the business vs. personal usage & cost
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Article Source :
https://www.wsj.com/articles/inflation-consumer-pessimism-push-u-k-firms-to-close-their-doors-11664962202