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
Restaurant owners are now banned from deducting money from tips earned by waiters and other staff. Tips can be paid to employees using the following methods: Cash received direct from a customer This is an allowable method of receiving tips, however the person receiving the tip is responsible for declaring and paying tax on the… Continue reading Law changes on tips for waiters
If you wear a uniform or protective clothing at work and you have to wash it yourself you may be due a tax refund from HMRC, and if you don't claim it, you'll lose it after 4 years. This typically applies to: Retail staff Hospitality & catering Nurses, doctors, dentists and other healthcare workers Police… Continue reading Are You Washing Away Your Potential Tax Refund?
The Apprenticeship Levy is charged on employers’ “paybills” at a rate of 0.5%. The levy is payable through Pay as You Earn (PAYE) and is payable alongside income tax and National Insurance. To keep the process as simple as possible “paybill” will be based on total employee earnings subject to Class 1 secondary NICs. Each… Continue reading The Apprenticeship Levy
Do you know how to carry out a ‘right to work in the UK check? The Immigration, Asylum and Nationality Act 2006 places a duty on employers to carry out checks to confirm someone’s right to work in the UK before employing them. Punishments for employing an illegal worker are: £20,000 for each illegal worker… Continue reading The Right to work in the UK
I am sure that you have seen the headlines in the papers this morning about the Budget and for a detailed analysis please see the report on our website: http://www.torrwaterfield.co.uk/news/budget-report. The items that have caught my attention and I think are relevant to most people are as follows: National Insurance for the self-employed At present,… Continue reading Spring Budget 2017
Some of you may think that training to become an accountant involves going to university and graduating with a degree - but this is not always the case. Here is my day as a junior accountant: It’s the dreaded Monday morning and I’m waking up nice and early so that I can attempt to miss… Continue reading A day in the life of a junior accountant