Bookkeeping, Accountancy and Taxation services
Being in a position to take on your first employee is an exciting time as it usually indicates hitting a forecast target, and recognising a need for you to be working on rather than in your business. However, it comes with it's own rules and … Continue reading What do you need to do when employing staff?
Some companies use incentive award schemes to encourage their employees in various ways. For example, to sell more of their own goods and services. The award can include cash-based, vouchers, or other gifts. Where an employer meets the tax payable … Continue reading Do you offer staff incentives?
The letters in an employee’s tax code signify their entitlement (or not) to the annual tax-free personal allowance. The tax codes are updated annually and help employers work out how much tax to deduct from an employee’s pay packet. The … Continue reading Have you been issued with a ‘K’ tax code and wondered why?
There are working time limits that state the legal maximum weekly working hours that a person has to work should not exceed an average 48 hours. The maximum hours for under 18’s are fixed at no more than 8 hours a day or 40 hours a week. The … Continue reading Are you aware of the rules around maximum working hours?
We are moving into a new era of hybrid working - with some teams working from home, while others are in the office. This new way of working brings its own set of challenges. The general consensus among UK businesses is that the post-Covid working … Continue reading Managing Hybrid Working Effectively
Redundancy is when you dismiss an employee because you no longer need anyone to do their job. This might be because your business is: changing what it does,doing things in a different way, for example using new machinery, orchanging location or … Continue reading Will the end of furlough mean redundancies in your business?
The division of tips/gratuities received by employees is often met with confusion around exactly WHO is liable for the relevant taxes and contributions. To assist business owners HMRC has published a booklet entitled ‘Tips, Gratuities, Service … Continue reading Guidance On Gratuities
Peter Wade assists in the bookkeeping and payroll department of MJB Avanti. The case study he provides demonstrates the constraints and hassle of HMRC that we have to contend with on a daily basis. This is Peter’s case study with a happy … Continue reading Case Study – Appealing Payroll Penalties
On 26 June 2020, the Chancellor, Rishi Sunak made a further (third) Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention Scheme (CJRS). There are a number of important changes to the way … Continue reading Coronavirus Job Retention Scheme Updates
The Chancellor, Rishi Sunak, has announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme, and we’ve outlined these below for you. Coronavirus Job Retention … Continue reading Updates From The Chancellor – CJRS and SEISS
The coronavirus Statutory Sick Pay Rebate Scheme will launch online on 26 May. The scheme will enable employers with less than 250 employees to claim coronavirus-related Statutory Sick Pay (SSP). Employers are eligible to use the scheme … Continue reading SSP Rebate Scheme Launching
The Pensions Regulator have advised they are "working with HM Treasury and the Department for Work and Pensions to feed into the Coronavirus Job Retention Scheme’s central guidance on the pensions element of the grant. The guidance below addresses … Continue reading COVID-19 guidance for employers: Auto enrolment and pension contributions
