by Luke Stringer | Apr 5, 2022 | businessnews
In this blog post, we’ll recap the annual increase to statutory pay rates, which include the National Minimum Wage and the statutory sick, maternity and paternity ay and more. If your limited company has employees, it’s important to make sure that you keep up...
by Luke Stringer | Mar 24, 2022 | businessnews
Rishi Sunak announced yesterday (23/03/2022) that the Class 1 Primary and Secondary National Insurance threshold will rise from £9,880 to £12,570 in July. Sunak described this tax cut as the “largest single personal tax cut in decades” and a “tax cut that...
by Luke Stringer | Mar 16, 2022 | businessnews
If you’re in need of finance to recover from the rippling effects of COVID-19, don’t forget that the government Recovery Loan Scheme has been extended to 30 June 2022 but there are some key changes that you will need to be aware of. The first is that the...
by Luke Stringer | Feb 10, 2022 | businessnews, Running your Business
From April 6 2022 to April 5 2023, National Insurance contributions (NICs) will increase by 1.25% for both Employee and Employer contributions. Known as the Health and Social Care Levy, this money will be spent on the NHS, health and social care in the UK. This...
by Luke Stringer | Jan 20, 2022 | businessnews, Running your Business
Now the 1st Jan has been and gone, in accordance with the new Making Tax Digital (MTD) requirements, if you’ve registered your company for VAT because your company is over the VAT threshold of a taxable turnover of over £85,000, or even if you have voluntarily...
by Luke Stringer | Jan 12, 2022 | businessnews
The insolvency Service has had its powers extended on behalf of the Business Secretary to help tackle directors who dissolve companies to avoid paying their liabilities from Government-backed loans they took during the Covid-19. Previously the Insolvency...
