National Living/Minimum Wage Changes from 1 April 2020 From 1 April 2020 the National Living/Minimum Wage rates will increase as follows: • £8.72 an hour for workers aged 25 and over - previously £8.21• £8.20 an hour for workers aged 21 to 24 – previously £7.70• £6.45 an hour for workers aged 18 to 20… Continue reading Employer Update
On 11 March 2020 the new Chancellor, Rishi Sunak, presented his first Budget, just a month into the job. It was always going to be a challenge for him to prepare for the budget in such a short space of time and this wasn’t made any easier for him with the rapidly changing situation with… Continue reading Budget 2020 – 5 Changes That May Affect Your Business
Former BBC presenter Christa Ackroyd has lost her appeal against a ruling that she was an employee, not a freelance contractor, when she worked for the BBC via a personal service company. The IR35 rules in broad terms mean that those working via a personal service company have to consider whether, if the services were… Continue reading Christa Ackroyd loses IR35 appeal
From 6 April 2020, a change to the off-payroll (IR35) rules is expected. Draft legislation has already been published and further HMRC guidance is expected. The new rules will affect you if you work via your own personal service company (PSC), and off-payroll workers should be aware that their clients are likely to investigate the… Continue reading Hot Topic: Working off-payroll
Accountants can sometimes be seen as too expensive, or a luxury only needed for bigger companies, but there are a number of ways in which accountants are helpful for even the smallest of businesses. Saving Tax I was speaking to a business owner recently who had prepared his own accounts and tax return for a… Continue reading Why is an Accountant Good for my Small Business?
National Living/Minimum Wage Changes from 1 April 2019 From 1 April 2019 the National Living/Minimum Wage rates will increase as follows: • £8.21 an hour for workers aged 25 and over - previously £7.83 • £7.70 an hour for workers aged 21 to 24 – previously £7.38 • £6.15 an hour for workers aged 18… Continue reading Employer Update March 2019
The Chancellor has presented his Spring Statement to Parliament – here's our summary of what he said. The UK economy continues to grow, with wages increasing and unemployment at historic lows, providing a solid foundation on which to build Britain’s economic future. Borrowing and debt are both forecast to be lower in every year than… Continue reading Spring Statement 2019: What you need to know