Switching accountants might seem daunting, but you don't need to wait until year-end to make the change. Your business or limited company can transition to WCL smoothly with minimal disruption. The switch makes sense when your current accountant fails to provide proactive advice or overlooks potential savings. The process works seamles...
Read moreThe Employment Rights Bill (the Bill), published back in October 2024, brings one of the biggest changes to UK employment law in recent years with 28 reforms in multiple areas and is very near the end of its Parliamentary journey. Those in the “know”, suggest the Bill will receive Royal Assent in November 2025 with the first provisi...
Read moreThe contractor vs employee decision can save your business thousands of pounds if you understand the true cost implications. The UK has 2.05 million freelancers in 2024, and businesses are thinking over their hiring options more than ever. Contractors might charge higher hourly rates than employees, but the complete financial picture isn'...
Read moreWelcome to the third and final instalment of our statutory pay series. In part one we covered what statutory pay is, the minimum earning thresholds, and amounts etc. In part two we went through how to set up your payroll system and common pitfalls to avoid. And now, in this final part we will discuss some of the key points in handling req...
Read moreThe tax year runs from 6 April. Here’s an overview of the main tax rates, allowances and national Insurance contributions that you need to be aware of for the tax year starting 6 April 2025. If you have any questions, would like to understand what rates specifically apply to yourself, or what allowances are available, please get in t...
Read moreOn Wednesday 26th March 2025, Chancellor Rachel Reeves delivered her Spring Statement. In terms of announcements for the average person, it was fairly low key with many of the announcements more aimed at a national level in terms of defence spending, overseas aid, etc. That said, there were of course still announcements to be aware of. An...
Read moreWelcome to part two of our three part series covering everything related to Statutory payments. In part one we went through what statutory payments are, the minimum earnings thresholds to receive them, the amount you can receive, etc. In this blog we will cover want you need to implement through your payroll systems and common pitfalls...
Read moreStatutory payments form the backbone of employee compensation in the UK, yet many businesses struggle to navigate these mandatory financial obligations correctly. In fact, recent HMRC data shows that thousands of companies face penalties each year for mishandling these essential payments. Understanding statutory payments is crucial for...
Read moreHMRC plans to reshape the scene of payrolling benefits with new mandatory reporting rules from April 2026. These changes will impact all employers and replace the current P11D system that processes about 4 million forms each year. Currently, P11D forms are submitted by employers by 6 July after the tax year ends. Under the proposed new...
Read moreAs we approach the start of a new tax year, there are several changes coming into play that you may not be aware of. In this article we breakdown the main changes. Changes in Employers National Insurance Contributions/Employment Allowance If you’re an employer with a National Insurance Contributions (NICs) liability, or with employees...
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