Bits For The Anoraks – New Accounting Standards

BITS FOR THE ANORAKS            – New Accounting Standards   Small and micro entity reporting The Financial Reporting Council (FRC) has issued amendments to UK accounting standards, ushering in a new financial reporting framework for small and micro entities. The changes will come into effect for accounting periods beginning on or after 1 January 2016.…

Holiday Pay

Holiday Entitlement for Employees It has become increasingly noticeable that we are getting more and more questions about holiday pay. Some people have got employment contracts which quite clearly state what the  entitlement is.  Others have what is known as the statutory entitlement laid down in law. Some people have fixed hours, some have flexible…

Auto Enrolment

Every employer is going to be affected by Auto Enrolment in some way. Be it the person who employs a personal carer at home to Companies who employ hundreds of people. Larger Companies will already be operating their auto enrolment pension schemes for their employees. Smaller employers are now starting to be affected. Each employer…

New Dividend Tax

Does this affect you? In the budget it was confirmed that tax on dividend income is changing. You may now be required to submit a Self-Assessment Tax Return even if you have not been required to do so in the past. Starting from 6th April 2016, only the first £5,000 of dividend income in each…

National Living Wage

From 1st April 2016 the new National Living Wage will come into force. All employees aged 25 or over (and not in the first year of an apprenticeship) will be legally entitled to at least £7.20 per hour. That’s a 50p increase from the National Minimum Wage. If you’re an employer, you’ll need to make…

Client Locker Rooms now available

Introducing Our New Cloud Based Client Locker Room! We are frequently updating our services to client’s and are now pleased to report we have created a cloud based locker room which will contain secure lockers for all our clients to use. The idea behind these lockers is so both client’s and ourselves have a secure…