Inspire_SY is a partnership of Post 16 education and training organisations who work with young people pre and post 16 across South Yorkshire.The Government has proposed some significant changes for the future around how post 16 learning programmes can better work with employers to ensure learners are better prepared for the world of work on Read more about Employer Engagement & Support Survey[…]
What is changing?In February 2016, HMRC told us about some improvements they were going to make to the construction Industry Scheme (CIS) online verification service. During their technical consultation exercise in December 2015, they also told us that their proposal was for verifications to become mandatory, and that from April 2017, contractors must use an Read more about Construction Industry Scheme – subcontractor verifications[…]
After Auto Enrolment Staging – What happens next? Once you have completed the initial setup of auto enrolment you will need to complete a set of tasks on an ongoing basis. You will need to continually comply with their ongoing duties in order to avoid being fined by the Pensions regulator. Ongoing Assessment and Enrolment: All Read more about After Auto Enrolment Staging[…]
The National Live in wage is set to rise in April 2017 and will replace some of The National Minimum Wage rates per hour depending on your age and whether you’re an apprentice – you must be at least school leaving age to get it.New rates, which come into effect from 1 April 2017. Previous Read more about National Minimum Wage and Live In Wage rates from 1 April 2017[…]
The Information Commissioner wants all directors to be made personally liable for any breaches of data protection laws committed by their companies.All companies, regardless of their size, are legally required to comply with the Data Protection Act 1998. As the law currently stands, where a company breaches the Act the directors cannot generally be held Read more about Personal Liable for Data Protection?[…]
Some UK companies are required to have their annual financial statement audited, and others are exempt from the statutory requirement due to their size or (in a few cases) their nature.Organisations which fall below certain thresholds are usually exempt from audit, unless they are members of a group.The thresholds determining company size for accounting purpose Read more about Do I Need An Audit?[…]
Such a simply question, you would think, however it produces a complicated answer. For this calculation, we have assumed the following:The director wants to preserves their entitlement to state benefits, andThe director wants a salary which saves the most tax and national insurance.First of all let us look at preserving your entitlement to state benefits. Read more about As a director, what should I pay myself in 2017/18?[…]
From April 2017 businesses with an annual wage bill of £3million and above will have to pay the apprenticeship levy. However, they can claim it back to the extent that they spend the money on training apprentices.In early 2016, the government hinted that businesses that don’t spend their levy will be able to transfer it. Read more about Apprenticeship Levy – Update[…]
Internal Fraud Hits 20% of Small Businesses According to ActionFraud nearly one in five small businesses have been defrauded by an employee at some point during their trading history, causing significant loss and in some cases have destroyed a business.What is internal fraud?Internal or employee fraud is fraud which is committed against a company or organisation Read more about Internal Fraud Hits 20% of Small Businesses[…]
Mini-bonds Are mini-bonds right for your business? Firstly, what is a mini-bond? Mini-bonds are a way for businesses to raise money. You decide how much money you need to raise and set a fixed interest rate per annum, for example 6%, that you’re prepared to pay for the period of the bond. Decide on Read more about Are mini-bonds right for your business?[…]