Payroll

Employment Allowance

Employment Allowance FAQ

The Employment Allowance gives your company the opportunity to reduce its annual National Insurance Employers’ Contributions bill by up to £3,000 a year. Its original aim was to encourage one-man bands to take on additional staff and, since launch, it has become one of the most claimed-for reliefs by British businesses. It doesn’t apply to …Read More

Employee or subcontractor?

Employee or subcontractor?

The recent change to IR35 legislation over work being carried out for the public sector has been among a number of items in the news bringing attention to whether someone is a member of staff or a contractor. Recently, a Tribunal decided that Uber drivers were staff and another tribunal decided that Deliveroo delivery drivers …Read More

Auto-Enrolment 2016

Auto-Enrolment and New Employers

New Employer from 1st October 2017? Are you thinking about employing staff for the first time?  If you are I’m sure you’ve considered registering a PAYE scheme, arranging contracts, sorting out employer liability insurance and all the other ‘normal’ things that you would expect to have to put in place.  But did you know that …Read More

Employment Allowance

Employment Allowance 2016/17

Employment Allowance is £3,000 for 2016/17 Did you know that from this tax year you can now get up to £3,000 off your National Insurance bill if you’re an employer? This has increased from the £2,000 allowance which could be claimed in both 2014/15 and 2015/16. Not sure if you are eligible? You can claim …Read More

Benefits In Kind

PAYE: Benefits in kind

PAYE: Benefits in kind (“Payrolling Benefits”) In his Budget, the Chancellor of the Exchequer, announced changes to the way of Benefits in Kind and expenses can be reported to HMRC. “Payrolling Benefits” means putting a value through payroll to collect tax on employer-provided benefits and expenses. On 6 April 2016, there will be a statutory …Read More

Auto-Enrolment 2016

Auto Enrolment: Are You Staging in 2016?

Auto Enrolment in 2016? We’ve all seen the Workplace Pensions adverts on TV, with lots of cheerful people happily declaring ‘We’re In’, but do you know when you as an Employer need to be ‘In’?  If you don’t know the date at which auto enrolment (AE) duties are going to be mandatory for your business …Read More

Autumn Statement 2015

Autumn Statement 2015

Highlights Doubling of Small Business Rate Relief extended for a further year 3% Stamp duty surcharge for buy-to-let properties and 2nd homes Previously announced Tax Credit Cuts scrapped Apprentice Levy to be set at 0.5% of employer’s wage bill Powers for local governments to set business rates Record level of spending on new houses Autumn …Read More

National Living Wage

National Living Wage

One of the most notable announcements in this years’ Summer Budget was the introduction of a compulsory National Living Wage. The new National Living Wage of £7.20 per hour will take effect from April 2016, being a top-up of 50p per hour to the National Minimum Wage (£6.70) for those employees aged 25 and over. The National Living Wage is set …Read More

Budget Highlights

Budget Highlights

Further to the Chancellor’s recent Summer Budget, some of the key headlines for our small and medium businesses are as follows: Corporation tax The Annual Investment Allowance has been set at £200k from 1 January 2016 for an indefinite period, giving businesses a chance to plan their capital expenditure. The rate of corporation tax will …Read More

Overtime & Holiday Pay

Overtime & Holiday Pay Ruling

You may have heard a lot in the news recently about a case recently heard by the Employment Appeal Tribunal (EAT) regarding holiday pay and whether or not overtime should be taken into account when calculating an employees holiday pay. The case was brought to tribunal by employees of  three companies: industrial services company Hertel, engineering firm …Read More

Employment Allowance

Employment Allowance

What is Employment Allowance? You can claim the Employment Allowance if you are a business or charity (including Community Amateur Sports Clubs) that pays employer Class 1 NICs on your employees’ or directors’ earnings. Can any employer claim? No. You cannot claim the Employment Allowance, for example if you: employ someone for personal, household or …Read More

Apprentice builder learning with his teacher

Apprenticeships – Could they help your business?

With the increasing cost of university fees, many school and sixth form leavers are making the decision that the opportunity to earn a salary while training on the job with an apprenticeship is more tempting than taking on a mountain of debt from university. Therefore now could be seen as a great opportunity to take …Read More

Woman holding minimum wage sign

National Minimum Wage Increases

Today sees the national minimum wage (NMW) rates increase. The new rates that apply as of 1 October 2013 are as follows: Workers aged 21 years or over: £6.31 Workers aged 18 to 20 inclusive: £5.03 Workers aged under 18: £3.72 Apprentices aged under 19: £2.68 Apprentices aged over 19 in the initial year of their apprenticeship: £2.68 Apprentices …Read More

RTI: Why, when and how…

From April 2013 HM Revenue & Customs is introducing a new way of reporting PAYE. HMRC see RTI (Real Time Information) bringing the PAYE system into the 21st Century, making PAYE easier for employers, pension providers and themselves to administer. The following notes explain how this will impact on your business, your employees and how you should …Read More