Archives for 2016

A couple of years ago the Government announced a Tax-Free Childcare scheme and have recently announced this will launch sometime in 2017.  Under this scheme eligible families will be given 20% of their annual childcare costs by the Government.  Parents will have to create a Childcare Account and for every 80p they pay into it […]

If you are self-employed or have income which is not taxed at source you will need to complete a self-assessment tax return.  A tax return will need to be submitted to HMRC for the period 6th April 2015 to 5th April 2016 and can be prepared and submitted any time between 6th April 2016 and […]

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 keep a record of […]

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.   March saw the largest number of new customers so far for our Auto Enrolment service indicating that employers have realised that they do […]

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 […]

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 […]