Employee share schemes, or ‘sharesave’ schemes as they are often known, are becoming more and more popular for UK businesses. Thousands of firms are now offering some type of share-save scheme, from banks to retailers, airlines and professional service firms and around 2 million employees are now involved in some form of scheme. So what are they and what are the advantages and disadvantages to businesses?
In Part 1 of our guide to Employee Share Schemes we explained what they are and the various types available. In this part we will be discussing the range of benefits and the things you need to consider before taking the decision to implement a scheme in your business.
Cloud accounting software is one of the best things to happen to small businesses and accountants alike. Put simply, cloud accounting means you access your chosen accountancy software via the internet rather than physically installing it on your computer or server. The software is hosted on a highly secure remote server and all data, functions and processes are performed in ‘the cloud’ rather on your own computer.