Employers across the UK are starting April with a sudden increase in employment costs following a rise in workplace pension contributions and minimum wage costs. The sharp increase in expenditure…
Business News
Tribunal finds in favour of Middlesbrough FC in low pay claim
In a landmark case, Middlesbrough FC has effectively won the right to pay staff below the minimum wage by providing other benefits to them. In February, an employment tribunal at…
Making Tax Digital productivity boost expected to be worth billions to UK SMEs
New research suggests that the UK’s SMEs could benefit to the tune of as much as £57 billion over the next five years because of digital productivity improvements associated with…
Spring Statement 2019
On any other day, the Chancellor’s Spring Statement would have dominated the headlines. However, with the UK’s scheduled withdrawal from the EU just days away, and the Prime Minister’s latest…
Automatic Enrolment contributions to increase
The next increase in Automatic Enrolment (AE) pension contributions for both employees and employers will take place from 6 April 2019. The minimum employer contribution will increase from two per…
Late payers to be flagged up to businesses under new proposals
The Small Business Commissioner, Paul Uppal, has recommended a new “traffic light” system that will warn smaller firms which businesses have a consistent record of late payment and those most…
Payroll sector prepares for key changes in 2019/20
The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of…
What happens if I would like to sell my business?
If you are selling or disposing of a business, there are a number of tax challenges you will encounter. It is important to plan well ahead in order to benefit…
Big increase in P2P lending
The fifth annual UK Alternative Finance Industry Report has revealed a 65 per cent year-on-year increase in peer-to-peer (P2P) lending. The P2P lending market is now worth £2 billion and…
National Living Wage to rise in April 2019
In his latest Budget speech to the Commons, Chancellor Philip Hammond announced that the National Living Wage and National Minimum Wage would increase from April next year. However, despite many…
