It’s that time of year when you have just completed and filed your tax return and paid up on what you owe. Unfortunately, that means that it is also the time when there is an increase in phishing scams via email and social media, some of which can look genuine. We have had a few…
The Autumn Budget was the Chancellor’s opportunity to set out the Government’s view of the state of the economy and to set the targets and goals for the near- and medium-term future. Presented at the end of November last year, many of the changes come into effect from April this year – although some were…
Your business has been going from strength to strength and it’s time to hire staff to help take on some of the work to help you meet your clients’ needs and fulfil the orders you have coming in. It’s an exciting time as it means that you are ready to grow the business. It can…
Bookkeeping probably sounds like something out of another business era. It conjures up images of a business owner or accountant in a back room somewhere trying to organise their receipts and invoices, surrounded by mountains of paperwork and pulling their hair out.
Setting up your own business was a huge step and you are rightly very proud of having taken the leap to do it! The next steps are to focus on building up that business, getting new clients, and delivering on your promises to them. Hard work, no doubt, but fairly straightforward in theory. More and…
The management of generating invoices has revolutionised over the past decade. More and more businesses are switching to cloud platforms to manage their online accounting process, and are reaping the rewards. As a business owner, you might be a great entrepreneur, but the chances of you being a good accountant too are very rare. So,…
A zero hours contract is generally understood to be a contact between employer and a worker where: The employer is not obliged to provide any minimum working hours and, The employee is not obliged to accept any work offered As of 2015 regulations removed The Exclusivity Terms, which used to prevent workers on zero hours contracts…
As of 1st April 2018, employers will be required to pay their workers aged 25 and over a new minimum pay rate of £7.83 per hour, called the National Living Wage (NLW). The national minimum wage is still in place for people under the age of 25.
Age Group Apr-17 Apr-18 Increase National Living Wage (25+) £7.50 p.h. £7.83 p.h. 33p/4.4% NMW(21-24) £7.05 p.h. £7.38 p.h. 33p/4.7% NMW(18-20) £5.60 p.h. £5.90 p.h. 30p/5.4% NMW(16-17) £4.05 p.h. £4.20 p.h. 15p/3.7% Apprentice NMW £3.50 p.h. £3.70 p.h. 20p/5.7% Accommodation Offset* £6.40 per day £7.00 per day 60p/9.3%
As of April 2016 apprentices under 25 years of age were no longer required to pay (employer) NIC or secondary class 1 contributions on earnings up to the Upper Earnings Limit (UEL) – which is £43K per annum, or otherwise known as (AUST) Apprentice Upper Secondary Threshold. This is a significant benefit and the objective…
