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National living and minimum wages to rise in April

Both the National Living wage and National Minimum wage are set to rise from April. The National Living wage and National Minimum wage is set to rise by 6.2%, four times the rate of inflation, in what the…

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Do not change the payment date on your December payroll if you pay early for Christmas

We know that some employers will be paying their staff early for Christmas but it’s important to not change the date on your payment submission. If your business is closing early for Christmas or is not open at…

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Who should be in your work place pension?

Since they were introduced in 2012 more than 8 million people have been automatically enrolled into workplace pensions. Every business that employs staff who meet the criteria should be automatically enrolling workers into a pension scheme, deducting contributions…

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Don’t be caught out by payments on account for personal tax – know what you need to pay!

What are payments on account?  And who has to make them? So many business owners get caught out by payments on account, particularly in their first year of trading. When you become self employed, most of, if not…

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Do I need to file a personal tax return for 2019?

The 2018/19 personal tax year ended on 5th April and we are now in the 2019/20 tax year. Every year we are asked the same thing – ‘Do I need to fill in a tax return?’.  Here is…

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Pension contributions change from April 2019

Auto enrolment pension contribution rates will rise from April 2019. Currently, the minimum pension contributions to an auto enrolment pension scheme is 5% of qualifying earnings, with at least 2% of that coming from the employer. From 6th…

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Why you shouldn’t wait until the last minute to file your personal tax returns

Self-assessment personal tax returns for the 17/18 tax year are due for filing, along with any payment due, by 31st January 2019 at the latest.  But why would anyone leave it that late to file it? You can file…

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Ageing SME directors are driving down the value of their business – and it’s costing their retirement!

A new study by Moore Stephens has shown that ageing directors of SMEs are failing to make adequate exit plans from their business, and thus driving down its worth and what they make from it when they retire.…

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Auto-enrolment pensions spot checks are on the increase

The Pensions Regulator is increasing the amount of auto-enrolment spot checks it carries out, looking across Essex, Kent, Hertfordshire, Bedfordshire and Cambridgeshire. Over the last 12 months it has concentrated its efforts in the larger cities of London,…

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