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The Biz: Brief Case.

COMPANIES are being warned to prepare for tighter rules on payment of the increased national minimum wage which will come in October.

Chartered accountants say the changes mainly affect payments to pieceworkers and subcontractors who may be entitled to higher rates. Employers who think their subcontractors are exempt could find themselves breaking the law, said Graham Bond, Liverpool Society of Chartered Accountants president.

THE pounds 122. 5m buy out at Knowsley-based Ethel Austin helped double the number of management buyout deals worth more than pounds 100m in the north west last year. But the latest quarterly figures show that the total number of deals for the first half of the year is slightly down at 39 compared with 42 last year.

ST HELENS consultancy Brian Farrington is presenting a briefing on Improving the Profit and Performance of Your Business at Liverpool FC's Anfield ground on September 30. Visit www. brianfarrington. com for further details.
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Title Annotation:Business
Publication:Liverpool Echo (Liverpool, England)
Date:Aug 24, 2004
Words:154
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