The National Living Wage for employees over the age of 25, comes info effect on the 1st April 2016.  This is an increase from £6.70 to £7.20 per hour for relevant employees – is your business prepared for this …..

Are you an employer and not yet set up your company pension scheme?

It will soon be here that all employers have one in place, and all employees between the age of 22 and State Pension Age and earn over £833 a month HAVE to be enroled – They can opt out after however they must all be opted in initially. Even if employees don’t fall within these criteria they can ask to opt in. You should have received notifications from the Pension Regulator with your Staging date around 12 months prior to your staging date and around six months before your staging date is when you should be looking at choosing a scheme. If you want more information on this and how it affects your business, please contact us.

Are you a limited company and extract most the money via dividends? With effect from the 6th April 2016 the tax rules change on dividends. The first £5k will be tax free, then basic rate tax payers will be charged 7.5%, higher rate tax payers at 32.5% and additional higher rate payers at 38.1% – contact us for more information on how this will affect you

Nearly 3 years since I initially set up the business and finally got round to getting a decent website created. Lots more features than before with news updates, and soon to come in the future a client log in area … keep looking for more updates