Crunch time looming for small businesses
Automatic enrolment into a workplace pension is gathering momentum, as thousands of small businesses now work towards their compliance deadlines, says Matthew Mitten of Enrolsme.
A lot has been made of the success so far of automatic enrolment (AE) and there is plenty to be positive about, but with only 3% of the UK’s businesses having staged, there is a long way to go before we can crack open the champagne.
Time is ticking away, and the last minute scramble to comply seems almost inevitable, placing unimaginable strain on advisers and providers alike. Accountants should be putting AE on the agenda for every client meeting this year. Accountants are generally good planners; whereas, many of their clients are unlikely to be so efficient.
Read Matt Mitten’s full article on accounting web, by clicking here.