If you employ staff, you will know all about auto-enrolment, for businesses that may be thinking of employing staff its essential to understand your obligations.
We work with many employers offering a range of services and advice, including payroll services and information on auto-enrolment. We understand the financial commitments and challenges associated with employing staff, even just taking on one person can make a big difference to your business.
If you are a contractor or freelancer, then you will know about the IR35 'Off-Payroll' Rules. Some significant changes are coming up in April 2020, so it's essential to keep up to date with these.
As an employer, you need to make sure that all your employees are receiving their weekly or monthly wages on time and most importantly, accurately. A mistake can take up valuable time to rectify and cause bad feelings for your team.
We don't want to put a damper on all the seasonal festivities. Still, we thought it would be useful to clarify tax obligations for employers and employees if a work Christmas party is organised and paid for by the business.
If you are an employer, it is essential to keep up to date with the changes in National Minimum Wage and National Living Wage rates. This helps you to manage your finances more effectively and help with future forecasting.
The off-payroll (IR35) rules are now confirmed, and the changes will be coming into place in April 2020. These are a few things you need to take into account if you are affected by these changes.
If you have company cars for yourself or your staff, then it may be worth considering moving over to electric vehicles in the future. In the draft Finance Bill 2017, the government announced its commitment to reduce carbon emissions by encouraging companies to use electric cars where possible.
We wanted to give an update on the Job Support Scheme (JSS) which will start on 1st November 2020. Employers need to understand the eligibility criteria, conditions and timescales for making claims.
In July 2020 Chancellor Rishi Sunak announced a £2bn Kickstart scheme to create more jobs for young people. This is part of an emergency package to prevent mass unemployment as coronavirus hits the UK economy.
After such a challenging year, you may be considering treating your employees to a gift or perhaps arranging a get-together. With the Coronavirus restrictions still in place, you won't be able to have a traditional Christmas party however many businesses are planning virtual events to help boost morale and thank their team for all their hard work this year.
The Government has announced the changes to the National Living Wage and National Minimum Wage rates for 2021. If you have employees, it is vital to take note of these and ensure that the increases are accounted for within your payroll budget.
In the Spring Statement issued in March 2019, there was an update on employment taxes and changes that all employers need to understand. We have written this article for you to help you keep up to date. Click here to download the full summary of the Spring Statement 2019.
As we approach the end of the tax year, we thought it would help write an article explaining how dividends are distributed within a Limited company. If you have recently set up a limited company, it will be helpful for you to understand the process thoroughly.
If you are now working from home due to the Coronavirus pandemic, you may be eligible for tax relief on some of your additional costs related to homeworking. This tax relief is only for employed people, and you must work full-time or part-time from home due to the pandemic.
Do you or your employees have company cars? If you do, you need to keep an eye on the advisory fuel rates, updated by the HMRC every quarter. The fuel rates are reviewed on the following dates each year:
As an employer, it is important to know that every working person in the UK is paid under the PAYE system, and are assigned a tax code by the HMRC. The code is made up of a number followed by a letter suffix. However, there are some ‘non-standard’ codes that can be used in exceptional circumstances.
Did you know that as an employer you could get up to £3000 a year off your National Insurance bill? In previous years the employment allowance was £2000 but in 2016-17 this went up to £3000 as an incentive for companies to take on more staff.
All employers have to automatically enrol their eligible employees into a workplace pension scheme. However, it is important to note that an employee can decide to opt out of a pension scheme if they do not want to take advantage of this.
Essentially it is a system in which employers must automatically enrol their employees onto a pension scheme if they are eligible. In the past, many workers have missed out on the potential benefits of having a company pension.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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