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Employer pensions contributions and the 90-day rule

Elaine Shaw Academies, Accounting, Business, Business Advisory, Business Support, Charities, Economic / Business News, Elaine Shaw, Employees, Employers, George Hay, GH Payscheme, Hospitality, Industry Sectors, Large businesses, Legal, Outsourced Services, Payroll, Property, Research & Development, Retail, Small businesses, Start-ups, Team Member March 25, 2021November 16, 2023defined benefit, employee, employer, GH Payscheme, late payment, payroll, pension scheme, pensions contributions, pensions regulator, salary sacrifice 0 Comment

There are many important responsibilities that come with being an employer; one being to ensure that pensions contributions are paid on time. You must deduct the appropriate contributions from your employee’s salaries and pay those – alongside any employer contributions

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Tax Day 2021; What can we expect?

Sarah Dixon Academies, Accounting, Business, Business Support, Business Taxation, Charities, Economic / Business News, Employers, George Hay, HMRC, Hospitality, Industry Sectors, Inheritance Tax, Large businesses, Legal, Legislation, Making Tax Digital, Personal Taxation, Property, Property Taxation, Research & Development, Retail, Sarah Dixon, Self-employed, Small businesses, Start-ups, Tax, Team Member, VAT March 16, 2021November 17, 2023budget summary, COVID-19, landlords, MTD, self-employed, Spring Budget, tax day, VAT 0 Comment

Just weeks after the Chancellor’s Spring Budget, the Treasury will hold what is being dubbed ‘Tax Day’ on 23 March. A raft of consultations which relate to tax policy, but that do not impact upon Government finances, will be released

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Virtual Christmas party counts towards annual function exemption

Carol George Academies, Accounting, Business, Business Advisory, Business Support, Carol George, Cash flow, Charities, Economic / Business News, Employers, George Hay, HMRC, Hospitality, Industry Sectors, Large businesses, Legal, Property, Research & Development, Retail, Small businesses, Start-ups, Tax, Team Member December 2, 2020November 17, 2023annual function exemption, christmas party, employer, HMRC, national insurance, Tax, trivial benefits 0 Comment

Employers may be considering how they can celebrate the upcoming festive period, since a traditional office Christmas party is out of bounds. Moving merriments ‘online’ is one way to ensure that you can all still get together, safely. An online

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Taxable expenses and benefits guidance updated ahead of P11D deadline

Sarah Dixon Academies, Accounting, Business, Business Support, Charities, Coronavirus, Deadlines, Economic / Business News, Employees, Employers, HMRC, Industry Sectors, Large businesses, Legal, Payroll, Property, Research & Development, Sarah Dixon, Small businesses, Team Member June 24, 2020November 17, 2023benefits, employee, employer, expenses, HMRC, national insurance, P11D, P11D(b), payroll 0 Comment

Ahead of the P11D and P11D(b) deadline on 6 July, and in light of Coronavirus, the Government has updated its taxable expenses and benefits guidance. If you provided benefits in kind or non-exempt expenses to employees during the 2019/20 tax

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2020 Budget: Key announcements from Rishi Sunak’s first Budget

Barry Jefferd Academies, Accounting, Barry Jefferd, Business, Business Support, Business Taxation, Charities, Economic / Business News, Employees, Employers, HMRC, Industry Sectors, Inheritance Tax, Legal, Legislation, Payroll, Personal Taxation, Property, Property Taxation, Self-employed, Small businesses, Tax, Team Member March 11, 2020November 21, 2023budget 2020, business, Chancellor, coronavirus, entrepreneurs relief, NIC, SME, Tax 0 Comment

Rishi Sunak delivered his first 2020 Budget on Wednesday 11th March. This came only weeks after he took over the role of Chancellor from Sajid Javid. Raring and ready to ‘get things done’, Mr. Sunak promised a speech that would

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Audit: Growing businesses can benefit too

Martin Williams Academies, Accounting, Audit, Business, Business Support, Charities, Economic / Business News, Industry Sectors, Legal, Martin Williams, Property, Small businesses, Team Member November 22, 2019November 16, 2023audit, audit threshold, auditors, business, business growth, financial statements, statutory audit, voluntary audit 0 Comment

Many UK businesses must have a statutory audit; generally, those who meet any two of the following criteria: • where company turnover exceeds £10.2 million; • where total company assets exceed £5.1 million; or • where the company has more

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P11D’s; Have you told us about your health insurance policy?

Samantha Green Academies, Accounting, Business, Business Support, Charities, Construction, Deadlines, Employers, HMRC, Industry Sectors, Legal, Legislation, Payroll, Property, Samantha Green, Small businesses, Tax, Team Member October 24, 2019November 16, 2023employers, expenses, health insurance, HMRC, national insurance, P11D, PAYE, Tax, taxable benefits 0 Comment

A health insurance policy that is paid for by you as an employer, on behalf of an employee, is considered to be a taxable benefit in kind by HM Revenue & Customs (HMRC). Subsequently, this benefit should be reported to

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