HMRC have increased the threshold for VAT registration to £83,000 for the year 2016-17. The threshold was £82,000 for 2015-16. If your turnover will reach this threshold over a 12 month period then you must register your business for VAT. This equates to a monthly turnover of around £6,900. You should …
Several of the employers we work with reached their Staging Date between January and March enabling us to finally complete the set up process which we started for them many months ago. But while implementation is complete there is still ongoing assessment, compliance and record keeping to be done every month. …
The living wage of £7.20 per hour came into effect on Friday 1st April for employees aged 25 and over but how does this affect employers and how does this benefit employees? On my drive to work this morning the media are still talking about how employees will have an extra 50p per hour in their pay packet but this is not strictly true. …
At our February Monday Business Contacts meeting which was close to Valentine's Day our discussion topic, was "What do you love about being in business?". Our brief discussions each month are an opportunity to share business thoughts, ideas and motivate others. Being a business owner can be lonely and connecting with others socially once a month can be a really helpful way of sharing good and bad times and being reminded why being in business for yourself was such a good idea. …
If you have employees you will want to know how much you can pay your employees in 2016-17 before you have to pay employer National Insurance Contributions and if there are any further benefits which will help you as an employer. …
