The FSCS has today declared two regulated advice firms as failed, opening the door to compensation claims. The two firms used a number of trading names. Appointed rep Juno Moneta Wealth Limited (FRN 669519), of Cardiff, traded as Teal Financial and also as Empower Wealth Management and NAPIT Wealth. The firm was an appointed rep […]
Archives for November 2022
2 firms declared as failed by FSCS
The FSCS has today declared two regulated advice firms as failed, opening the door to compensation claims. The two firms used a number of trading names. Appointed rep Juno Moneta Wealth Limited (FRN 669519), of Cardiff, traded as Teal Financial and also as Empower Wealth Management and NAPIT Wealth. The firm was an appointed rep […]
8 firms enter liquidation after FCA action
Eight regulated firms which appear to be connected have gone into liquidation following FCA action. At least one of the firms, Marvell Enterprises Ltd of London, was originally authorised as a credit broker but breached its permissions by offering investment products. The FSCS, the government-backed compensation body, declared Marvell as under investigation in July. FSCS […]
Prepare for Making Tax Digital for Income Tax with Xero’s ITSA Academy
From April 2024, self-employed people and landlords earning over £10,000 annually, will need to follow Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) rules. As an accountant or bookkeeper, you will need to prepare yourself, your clients, and your practice for these changes. Xero’s 3-step ITSA academy has been designed specifically to […]
Xero Awards UK & Ireland: How to craft a winning award entry
Entries for the UK and Ireland Xero Awards 2023 are now open for our accounting, bookkeeping and app partners. Being an award-winning firm isn’t easy, and neither is writing an award-winning entry. So how can you put your best foot forward when crafting your award submission? In season one of Beyond Numbers – our new podcast […]
How an RIA scored a rare win over SEC fraud charges
Benefits of Not Doing Your Own Payroll
As a small business owner, figuring out ways to save on expenses is a constant battle. There are some ways this works and others that don’t. Do-it-yourself payroll is one place you might want to avoid cutting costs. In the old days, the owner could simply grab some cash from the drawer and pay employees. […]
Benefits of Not Doing Your Own Payroll
As a small business owner, figuring out ways to save on expenses is a constant battle. There are some ways this works and others that don’t. Do-it-yourself payroll is one place you might want to avoid cutting costs. In the old days, the owner could simply grab some cash from the drawer and pay employees. […]
Nearly 11m invest £114bn in auto-enrolment pensions
A total of over £114bn has been invested in Automatic Enrolment pensions by nearly 11m people since they were first launched 10 years ago, new government figures published today show. The Department for Work and Pensions says the workplace pension has helped millions more save for their retirement. More than 10.7m employees saved into a workplace […]
Platform net sales plummet to 10 year low
Platforms had their worst three months in a decade in the third quarter as market wobbles and a wave of bad news took their toll, according to a new report from platform and investment research company Fundscape. Fundscape said that the going got “exceptionally tough” for the platform industry in the third quarter. The […]