FDs back idea of tax credit for training.
Tax incentives to encourage more spending on training would be given a warm welcome by the vast majority of finance directors, according to this week’s Accountancy Age/Reed Accountancy Personnel Big Question.
With Gordon Brown’s pre-budget report expected to be announced on 27 or 28 November, an overwhelming 63% of FDs said they would increase investment in training if the government introduced a credit.
Reg Eldridge, FD at Ace Noon Sign said it was ‘a very good idea’. He added: ‘The government used to assist with training and it was very beneficial to small companies.’
David Gathergood, FD at PCI Membrane, said: ‘With an outside incentive we would definitely invest more money.’
But many FDs said incentives would not change training levels. Rod Poxon, FD at Geismar, voted with the 23% of FDs who said incentives would make no difference. They would ‘be an administrative burden’, he said.
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe UK's National Living Wage increase to £11.44/hr demands significant adjustments in payroll and reporting for accountants, impacting compliance, fi...
View articleThe Chartered Institute of Public Finance and Accountancy (CIPFA) has announced the appointment of Owen Mapley as its new Chief Executive Officer (CEO...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleThe modern consumer is tech-savvy, and generally digitally literate. Nowhere is this more evident than within the financial sector; consumers demand r...
View articleEntries are now open for the Accountancy Age 35 under 35 2022 ranking, highlighting the brightest young talent in the accountancy sector Read More...
View articleWith the year nearing its close, Chris Evans, vice president and country manager at Intuit QuickBooks UK, takes the opportunity to reflect on the past...
View articleShowcasing the industry's rising talent, the fourth and final instalment of our 35 under 35 rankings highlights five young UK professionals who are ma...
View articleLive broadcast event specifically for accountants Read More...
View article