With last Saturday marking the beginning of the new National Minimum Wage, it has never been so important for employers to ensure they are paying their employees the correct wages. Last month, HMRC continued its Name and Shame scheme by publishing a further 197 companies who owed a collective £465,000 in arrears. Since the Name … Continue reading Named and Shamed: The Importance of the Minimum Wage
The rates from 1st October 2016 are: £7.20 per hour – 25 yrs and over £6.95 per hour – 21 to 24 yrs £5.55 per hour – 18 to 20 yrs £4.00 per hour – 16 to 17 yrs £3.40 per hour – apprentices under 19 yrs £3.40 per hour - apprentices over 19 yrs … Continue reading The National Minimum Wage is changing – Are you prepared?
Payroll staff across the country are gearing up to celebrate National Payroll Week which runs this year from 5th to 9th September. The theme for this year’s event, ‘It pays to learn’, is aimed at encouraging payroll professionals to expand their own financial awareness as well as that of their colleagues, in an attempt to … Continue reading National Payroll Week 2016
According to a recent survey, two-thirds of business owners admit to little understanding of employee rights. A survey of 500 business from website Jobandtalent revealed that almost 66% of owners of small and medium-sized enterprises (SMEs) concede to having a poor knowledge of employee rights and regulations. 12% of owners admitted to knowing nothing at … Continue reading SME’s in the Dark over Employment Laws
According to a survey conducted online for Portus Consulting, men are more than twice as likely to be put off taking Shared Parental Leave (SPL) as women. The study of over 1,100 employees found that 16 per cent of men would be put off taking SPL due to concerns their employer could not afford them … Continue reading Men Less Likely Than Women To Take Shared Parental Leave
For any small business, the need to hire an employee is a good sign that your business is moving in the right direction. However, there are various factors to consider in order to avoid unanticipated problems, and many business owners struggle to understand the real cost of bringing an employee on board. Here are the … Continue reading Ready For Your First Employee?
Once again we find ourselves in P11D season, that joyous time in the tax calendar where expenses and benefits provided by employers to their employees are dissected for inclusion on the P11D. Employers will no doubt have the same conversations they have with their accountants each year concerning the chargeability of benefits and expenses and … Continue reading It’s HMRC On The (Mobile) Telephone
With Summer fast approaching, its time for our Summer 2016 edition of the newsletter, this time featuring: Highlights from the 2016 Budget All change for ISAs - new tax-free ways to save The rules governing holiday and pay Business Round-Up Web Watch Reminders for your Summer Diary And much more Click here to read the … Continue reading Newsletter Summer 2016
42% of employees surveyed by law firm Lupton Fawcett Denison Till admitted they were uneasy about discussing their salary with their employer, while 35% would prefer to disclose their earnings to a colleague than talk with a manager. This leads to potential problems further down the line according to senior associate Nathan Combes. “A common … Continue reading Salary Review: It Pays To Talk
Later this year, the government is expected to publish a white paper encouraging employers to take more responsibility for the health of their employees. Among the many incentives which can be offered is the Cycle-to-Work scheme. The scheme is an annual tax exemption which allows employers to loans cycles and related safety equipment to employees … Continue reading Cycle-to-Work Scheme: The Wheel Deal?