WebExpenses blog – the Latest Expenses Management News

Hot on the agenda for HMRC audits are employer records, processes and systems that demonstrate the payment of expenses and the provision of benefits in kind. This is a hotbed for potential disaster.  If HMRC find discrepancies they can demand payment of all underpaid tax and National Insurance Contributions going back years.

WebExpenses are running a 1 day training course designed to guide delegates through the complexities of the rules surrounding expenses and benefits, so that anyone with this responsibility can deal confidently and effectively with this complex area of financial activity within business.

Anyone with responsibility for expense management compensation and benefits within their organisation should attend this course.

The course will be tailored to your specific issues where possible and will also cover topics such as: Statutory Requirements and Implications, Fuel, Childcare, Travel and Subsistence Expenses, Entertainment and a host of other important topics.

To find out more information and to register your interest visit our training information page today.

Britain’s recent enactment of the toughest anti-bribery laws in the world has thrust the management of business employee expenditure even further into the legal spotlight. The persistent threat of a double-dip recession and a tottering euro-zone will push the need to reduce business’s second largest controllable cost to the forefront of the business mind.  To find out how modern cloud-computing software empowers Finance Directors with greater flexibility in the fast and ever changing business environment, whilst reducing corporate vulnerability to human error and fraud Download our report.

The implications of the euro-zone crisis are clear: business must now start preparing for a fragmentation of Europe. Nicholas Sarkozy’s stark warning that “never has the risk of disintegration been greater”, David Cameron’s dramatic veto and Ireland’s vow to hold a referendum on proposed moves towards fiscal union, now make Euro break-up a real prospect. Even if the euro survives, several of its current members may well be forced out.  Read more about how cloud technology could help business adapt to an unpredictable financial future on Webexpenses slide share.

With the ever changing role of the finance professional and the constant need to keep up to date with legislation WebExpenses will be launching a UK wide training programme in 2012.  Our P11D Expenses and Benefits Training course has already been well received by some of our customers invited to attend the first session held this month.  This 1 day course is a must for anyone with responsibility for the compensation or benefits within their organisation.  We cover topics such as: Statutory requirements and implications, beneficial loans, childcare, travel and subsistence expenses, entertainment and a host of other really valuable topics.  And, so that you get the most out of the course we will ask you in advance if there is anything specific you wish to cover.  We will be running a number of these courses around the UK throughout 2012, if you would like to add your name to the list to attend please email us at news@webexpenses.com

As the festive season sends Entertainment costs spiraling, WebExpenses has produced a report to help the many businesses left in the dark by the UK’s new Anti Bribery Act 2010. The new Act blurs the legal boundary between corporate hospitality and bribery and critically, eliminates any distinction between active corruption and the mere failure of company Directors to prevent it. It is, therefore, no surprise that the latest Bribery Act, propelling Britain to the forefront of global efforts to shed light on employee expenditure, is sending shockwaves through the business community.  In these uncertain times WebExpense’s Anti Bribery Report outlines the key facts of the Act itself, the principles and crucially helps you to determine the difference between a bribe and accepted corporate hospitality.  The report also outlines practical steps on how we can help your business stay compliant.  Download your free Anti Bribery Report today.

Sanjay Parekh, Managing Director of WebExpenses, talks to Business Link about business travel in the difficult, economic climate of recent years.

Sanjay discusses how technology is positively contributing to improving business efficiencies, as fuel prices continue to increase, travel costs spiral and the need to consider environmentally friendly alternatives to travel continues to rise on the agenda.  Read the full article at here