Category: Payroll

On 6 April the minimum amount employers must pay into workplace pensions is going up

Posted on by Samantha Nicholson

On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying earnings, while staff will now contribute 3% – making a combined total minimum contribution of 5%. Automatic enrolment has so far put more than nine million workers into workplace pension schemes. All of Read more about On 6 April the minimum amount employers must pay into workplace pensions is going up[…]

As a director, what should I pay myself in 2018/19?

Posted on by Samantha Nicholson

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, and The director wants a salary which saves the most tax and national insurance. First of all let us look at preserving your entitlement Read more about As a director, what should I pay myself in 2018/19?[…]

National Minimum Wage and Live In Wage rates from 1 April 2017

Posted on by Samantha Nicholson

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[…]

Do I Need An Audit?

Posted on by Samantha Nicholson

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?[…]

Basic Auto Enrolment checklist

Posted on by Samantha Nicholson

Auto Enrolment Checklist The legislation surrounding auto enrolment can be quite tricky when faced with an over whelming set of tasks, rules, regulations and jargon it is difficult to fully understand what is expected, of you. Well here is our 9 steps DIY Auto Enrolment Checklist. Know your staging date Confirm who to contact with Read more about Basic Auto Enrolment checklist[…]

Employment Allowance 16/17 – what does it mean to a sole director of a limited company?

Posted on by Samantha Nicholson

As mentioned in a previous blog, there are a few changes to the Employment Allowance this year (2016/17), that you need to take note of: The allowance has increased from £2,000 to £3,000 Eligibility – one of the main changes is if you are the directors and only paid employee, you are no longer eligibility Read more about Employment Allowance 16/17 – what does it mean to a sole director of a limited company?[…]

National Minium Wage and Live In Wage rates from 1 April 2016

Posted on by Samantha Nicholson

Live in wage comes into effect from 1 April 2016 and will replace some of The National Minimum Wage rate per hour depends 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 2016: Year 25 and Read more about National Minium Wage and Live In Wage rates from 1 April 2016[…]