As a business owner, if you haven’t already, it’s likely you’ll reach a point where you're feeling overwhelmed by the workload and considering bringing someone on board. The decision to hire your first employee is a significant milestone that can have a profound impact on your company's growth and success. It's a step that requires ...
Read moreFrom 6 April 2024, employees who are pregnant or returning from maternity, adoption or shared parental leave will gain priority status for redeployment opportunities in a redundancy situation. Under the current law, employees on maternity leave, shared parental leave or adoption leave already have special protection in a redundancy sit...
Read moreWorking from home has become a new norm for many UK businesses. With this shift, the concept of 'business use of home' has become more prevalent and crucial. It refers to the expenses you incur by using your home as a workplace. These expenses can be claimed as tax deductions, reducing your overall taxable income. But, understanding what ...
Read moreHave you ever wondered about succession planning or involving your children in your business? We often get asked what options are available when it comes to adding children as shareholders, employees or both. In this blog we’ll cover the various scenarios. Why involve your children in the business? Having worked hard to build up a...
Read moreMillions of UK workers are to receive an increase in pay from April 2022 following rise in the National Minimum Wage. The Government have announced the rise in the National Minimum Wage and National Living Wage from April 2022. In full, the increases are: National Living Wage (23+) to increase from £8.91 to £9.50 National Mi...
Read moreEstablished in 2020, Conversational AI Limited (“CAI”) provides specialist consulting services to Enterprises in Artificial Intelligence, helping them deploy intelligent solutions, such as chatbots, to automate customer interactions. Their services range from ideation and strategic planning through to solution design and build of chat...
Read moreWhen the English football season was paused due to Covid-19 you may have been missing your football fix. However, during this time a very important football match was being played out. The two teams? HMRC v Professional Game Match Officials Limited (PGMOL) or referees to you and I. What happened pre-match? Premier League referees are em...
Read moreAs of 31st October 2020, the Government’s current job retention scheme will cease. Currently employers can claim up to 70% of an employee’s wages who is on furlough subject to the salary cap. However, last week the Chancellor announced a further scheme aimed to continue to assist employers and prevent unnecessary redundancies. Wha...
Read moreThe national minimum wage applies to anybody that has reached the school leaving age, with the national living wage applying to those aged 25 and over. The current rates along with the new rates are below: Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice April 2019 (current rate) £8.21 £7.70 £6.15 £4.35 ...
Read moreWhat is it? IR35 are tax rules which to try and prevent workers/contractors who claim to be self-employed benefitting from better rates in relation to income tax and national insurance. In essence HMRC are targeting those individuals, who but for the intermediary (usually a company) through which they offer their services being in pla...
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