Why should I start saving into a pension?
I’m self-employed what benefit is a pension for me? Being self-employed it is more difficult to start the habit of saving into a pension than employed people. You have no-one to choose the pension scheme, no employer contributions and your income can be quite irregular to begin with. But you should start thinking about saving for your retirement and the quicker you do the better.Read more
Making Tax Digital - 1st April 2019
Making Tax Digital (MTD) is the Government’s new initiative to move all business and personal tax affairs online. The first phase of this comes into play shortly for all businesses with a turnover above the VAT threshold of £85,000. For all VAT periods starting on or after 1st April 2019, businesses must now keep digital records and file their VAT Returns using compatible software, such as Xero.Read more
National Minimum Wage and National Living Wage increase as of 1st April 2018
On 1st April 2018 both the National Minimum Wage & National Living Wage are set to increase as per the recommendation from the Low Pay Commission.Read more
National Minimum Wage and National Living Wage increase as of 1st April 2017
On 1st April 2017 both the minimum wage & living wage will increase. The Government’s goal is for the minimum wage to be £9 an hour by 2020.Read more
Pensions - Auto Enrolment - What's it all about?
The law on pensions has changed. Now, every employer with at least one employee has to provide their employee’s with a pension. It’s called ‘Automatic Enrolment’ (AE) because it’s just that – automatic. Employees do not have to do anything – but Employers (that’s you) do. Whether you’re a hairdresser, an architect or employ a personal care assistant, if you employ at least one person you are an employer and you have certain legal duties.Read more