We held our annual Torr Waterfield Karting Cup on Thursday 18th April with 11 teams of 4 drivers at the excellent Sutton Circuit The 2 hour endurance race started with some light rain resulting in some interesting line choices! Thankfully the rain stopped & the winners of last years event Integrity Group had established themselves… Continue reading Go Karting For Our Charity Of The Year Bamboozle Theatre Company
This April will see significant changes to the National Living Wage (NLW) with the government lowering the age at which workers will qualify and the annual increase in the rate. It can be costly for employers to breach NLW and National Minimum Wage (NMW) laws. Last year saw employers forced to repay millions in underpayments… Continue reading Hot Topic – National Living Wage
Chancellor Jeremy Hunt delivered his 'Budget for Long Term Growth' on Wednesday 6 March 2024. His speech promised 'more investment, more jobs, better public services and lower taxes'. Lowering taxes The Chancellor made further changes to National Insurance contributions (NICs), following the cuts made in the Autumn Statement 2023. The rates for NICs will be… Continue reading Spring Budget 2024
What happens to your pension when you die? A recent survey by the Money and Pensions Service (MaPS) found that more than half of people don’t know what happens to their pension when they die. It found that only two in five people knew that pensions go to a nominated beneficiary: and one in five… Continue reading Retirement and pensions round-up
The start of the year is often a good time to take stock of a situation and make a plan for the coming 12 months. As those in the self-employed sector look ahead they will see a number of challenges including, the continued rise in living and working costs, the need to undertake training to… Continue reading Hot Topic: Self Employed
If you are in receipt of child benefit you may become liable to the 'High Income Child Benefit Charge' without realising ⚠️ If your 'adjusted net income' is over £50k then some of the child benefit you have received will become repayable. For every £100 above £50k earned, you must pay back 1% of the… Continue reading Child benefit 👶
Do you sell the odd second-hand item on Vinted or eBay? Or maybe you let out an apartment or a room on Airbnb?If you do, HMRC may be having a closer look at your transactions and the amount of money you are making.New rules mean that these websites amongst others will have to share information… Continue reading 💰 Side Hustle Tax!? 💰
We are excited to announce that during 2024 we have chosen to support Bamboozle Theatre Company. Over the next year we will raise money for this fantastic charity through endurance challenges, planned events and our annual charity quiz. Bamboozle are a Leicester-based charity who for thirty years have been creating immersive accessible multi-sensory theatre for… Continue reading Bamboozle Theatre Company – Our Charity of the Year.
Lost pension pots There is an astonishing £26.6 billion in lost and unclaimed UK pension pots, according to recent figures. At a time when many are people are facing working longer before retiring or having to deal with a pension shortfall, this is a striking number. Planning for retirement in advance is vital, with many… Continue reading Hot Topic
HMRC is publicising a new way that employers can be provided with an employee’s National Insurance number (NINO). Apple iPhone users have now been given the functionality to store the NINO in their Apple Wallet: online, or through the HMRC App. This means that new employees may increasingly provide proof of their NINO by using… Continue reading New employee checks
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