Business News

New leave and pay entitlements to support bereaved parents on the horizon

Posted on 12 Apr, 2019

Parents who lose a child under the age of 18 will be entitled to paid bereavement leave under new rules from next year. Royal assent was given to the Parental Bereavement (Leave and Pay) Act in September last year and

Employers get to grips with major changes to employment costs

Posted on 12 Apr, 2019

Many employers have had to amend their payroll in April to reflect important changes to pay and pensions rules that have seen employment costs increase. The National Minimum Wage (NMW) and the National Living Wage (NLW) have both increased, with

New payslip laws affect employers

Posted on 12 Apr, 2019

More than 300,000 workers will be getting a payslip for the first time under new rules that have come into effect. The rules change, part of the Government’s Good Work Plan requires employers to include variable rates of pay and

The P11D deadline is drawing nearer – what you need to report

Posted on 12 Apr, 2019

If you run a business, you might provide benefits, or non-exempt expenses, to some or all of your employees. If you do, it is important to be aware of the annual P11D form that needs to be completed and sent

Businesses get to grips with new employment costs

Posted on 1 Apr, 2019

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 on staff couldn’t come at a worse time for business

Invoice fraud cost UK firms £93 million last year

Posted on 1 Apr, 2019

A recent survey conducted by UK Finance revealed that more than four in 10 UK businesses are unaware of the potential risks associated with invoice fraud. Last year these scams cost UK firms almost £93 million, with 3,280 invoice and

Tax-free HMRC scheme assists families with childcare costs

Posted on 1 Apr, 2019

A Government scheme set up by HM Revenue & Customs (HMRC) is advising parents to apply for the Tax-Free Childcare scheme, which provides contributions on savings used to cover childcare costs. Research has revealed that more than a million families

UK SMEs hit by £17.4 billion cybercrime bill in 2018

Posted on 1 Apr, 2019

New research from internet service provider, Beaming, has revealed that in 2018 UK small and medium-sized enterprises (SMEs) were affected by cybercrime to the tune of £17.4 billion. Business cybercrime is the flavour of the month for fraudsters, with hacking,

ITV presenter Lorraine Kelly wins important IR35 appeal

Posted on 1 Apr, 2019

Lorraine Kelly has won an appeal against HM Revenue & Customs (HMRC) at a First Tier Tribunal (FTT) following a £1.2 million demand for unpaid income tax and National Insurance Contributions (NICs). HMRC claimed that Lorraine Kelly should have been

Are you registered for Making Tax Digital yet?

Posted on 1 Apr, 2019

Launched on 1 April 2019, most VAT registered businesses are now required to comply with the new Making Tax Digital for VAT regime. However, many businesses may not be aware that they are required to register to use the new