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02 Jul


July 2015 Newsletter

July 2, 2015 | By |

Click here for the full newsletter: July 2015 Newsletter New holiday pay rules come into effect Employers will need to account for overtime when calculating holiday pay from 1 July 2015. The Employment Appeal Tribunal (EAT) ruled in November 2014 that employers must factor in overtime, commissions and bonuses when making holiday pay calculations, instead of only taking basic pay into account. Holiday pay for employees who receive irregular remuneration will […]

25 Jun


Auto-enrolment: infrequently asked questions

June 25, 2015 | By |

Click here for the full report: Auto Enrolment; infrequently asked questions A guide to the finer points of auto-enrolment The process of auto-enrolment continues to rumble on quietly with the majority of companies passing their staging dates without major incident. However, for the few that fail to comply with their workplace obligations, the consequences can be costly in time and resources. The Pensions Regulator has released its latest quarterly bulletin on […]

15 Jun


Improving cashflow

June 15, 2015 | By |

Click here for the full report to improving cashflow: Improving Cashflow   More than any other factor, a business is defined by the balance between the money coming in and the money going out over any period of time. Ideally, the scales should be tipped in favour of the former, but the reality of the business environment is often more complicated. When you start a business, it’s easy to concentrate your […]

11 Jun


June 2015 Newsletter

June 11, 2015 | By |

Click here for the June 2015 Newsletter In the June 2015 issues of our Newsletter the main areas for Small Businesses are: Deregulation tops small firms' priority list Summer Budget announced Business planning basics Insurance against cyber threats Financial assets and personal finances If you would like to discuss anything in the newsletter further please contact us to see how we can assist with your business. June 2015 Newsletter

20 Apr


Budget 2015

April 20, 2015 | By |

The report summaries the changes that have been made in various areas of taxation and the dates on which they become effective. Budget 2015 The main areas for Small Businesses are: Abolishment of Class 2 National Insurance Contributions in the next parliament Tax Simplification: The end of the tax return Tightening of rules for incorporation of business and Entrepreneurs Relief Income Tax allowance to increase to £10,600 Abolishment of Employers […]

24 Apr


National Employment Savings Trust (NEST)

April 24, 2013 | By |

NEST is effectively a compulsory pension scheme into which all employees are to be enrolled with a view to providing a retirement pension in due course in addition to the State pension. Employers must automatically enrol their employees (between the ages of 22 and the state retirement age who earn more than annual personal tax allowance) into NEST unless they already run a pension scheme with comparable benefits. For employers […]

06 Apr


Real Time Information (RTI)

April 6, 2013 | By |

As you may be aware HMRC are introducing major changes in the way PAYE information is reported to them. The Real Time Information procedures mark the biggest change in the Payroll and PAYE system since the commencement of PAYE nearly 70 years ago. Under RTI, employers and pension providers are required to provide detailed information to HMRC in respect of more or less all wages/salaries on or before each payment […]

20 Mar


Budget/ Finance Bill 2013

March 20, 2013 | By |

With effect from 6 April 2013 a new statutory test of UK residence for tax purposes in respect of individuals is to be introduced. Measures are to be introduced “to tighten up on avoidance through the use of personal service companies” and improve the so called IR35 legislation. These new measures will, in particular, focus on “office holders” in an organisation to ensure that where pay is channelled through a […]