Do we live to work, or work to live? When you run a small business, the expectations of fewer hours and setting your own schedule can be a far cry from the reality of long days and last-minute work disturbing your Saturday evenings (and that includes us!) And that’s not...
The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It was replaced with full expensing. As with the super-deduction, unincorporated businesses cannot benefit from full expensing (although the Annual Investment Allowance (AIA) will secure a 100%...
Not everyone is aware of the various support schemes available to families to help with the cost of childcare for working families in the UK, which can be especially valuable as the cost-of-living continues to rise. You can find out what support is most suitable for you and that you are...
The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post pandemic, many employees have continued to work from home some or all of the time. Due to this the Government have brought in some changes to...
Following on from our first article regarding the property allowance, there is also an Employment Allowance that eligible employers can claim. Employment Allowance is a National Insurance allowance that employers can claim and set against their secondary Class 1 National Insurance liability. The allowance is set at £4,000 for 2021/22 (capped at...
Despite successive Governments changing the rules to increase the tax take, the provision of company cars remains one of the more popular benefits an employer can give to an employee. Benefit in kind A director or employee who earns more than £8,500 is charged an amount as a benefit in kind (BIK)...
Under the minimum wage legislation, workers must be paid at least the statutory minimum wage for their age. There are two types of minimum wage – the National Living Wage (NLW) and the National Minimum Wage (NMW). From 1 April 2021, as well as the usual annual increases, the age...
From 1 July 2020 “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated. Changes are occurring regularly as the government and HMRC make clarifications to the scheme. If you have any queries regarding your claim talk to us first. The...
The 2019/20 tax year has ended. That news might almost come as a surprise. I mean, amidst all the upheaval we’ve been experiencing since the outbreak of coronavirus, I wouldn’t blame you if you forgot. But 5th April came and went and despite all that’s going on, it’s now time to start thinking...
Updated Monday 6 April Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked to...
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