Update On Part-time Furlough, Changes To The Coronavirus Job Retention Scheme And The Second Self-employed Income Support Scheme. On the 28th of May, the Chancellor Rishi Sunak announced plans to end the eight-month coronavirus job retention scheme (CJRS) and self-employed income support scheme (SEISS) by gradually withdrawing taxpayers’ contributions from August. Whilst outlining his plans Mr Sunak said that he intends to reduce contributions to the furlough scheme as it “cannot continue indefinitely”. This means that in the final phase of the eight-month scheme employers will be asked to “contribute, alongside the taxpayer, towards the wages of their staff”. CJRS […]
The Government has accepted recommendations from The Low Pay Commission (LPC) to increase minimum wage for under 25 year olds and apprentices from 1st October 2016.
On 6th April 2016 there were some major changes in employment allowance announced by HM Revenue & Customs which may affect your business.
A report from the Pensions Regulator on this month’s compliance reports that more than 100,000 employers have auto-enrolled staff into a workplace pension.
April 1st is fast approaching and there are certain tasks which you can be doing to ensure you are prepared in time for the National Minimum Wage Increase
A large transition in 2016 will be the introduction of the National Living Wage to businesses both large and small.
Let us give you an overview of what counts as ‘business travel’ for your employees. And what qualifies for tax relief when your employees are using public transport or vehicles which do not belong to them.
The National Minimum Wage rate per hour depends upon your age and whether you are classified as an apprentice. Furthermore, you must have left school for the wage increase to apply.
A bit more of an insight in to what is required for auto-enrolment for workplace pensions.
Here at K A Farr & Co we are delighted that Steve Speed an Independent Financial Adviser & Employee Benefit Consultant from People and Business Independent Financial Advisers is going to be advising and helping us with our auto enrolment pension scheme.