Archive for the ‘Business Services’ Category

Making Tax Digital and Sage Software

Posted on: September 13th, 2018 by Judith Mallen No Comments

Making Tax Digital is HMRC’s move to digitise tax. As from 1 April 2019, businesses with a turnover above £85k will have to submit VAT returns through the HMRC gateway using commercial accounting software. 

If you currently have Sage 50 software you will need to check if your software is MTD Compliant and if the software is not MTD compliant then you will need to upgrade.  (more…)

Everything you need to know about your P60

Posted on: July 24th, 2018 by Clive Headon No Comments

By now everybody who is employed should have received a P60 document. It is compulsory for an employer to provide their employees with this document by the 31st May. (more…)

Holiday Entitlement

Posted on: July 16th, 2018 by Clive Headon No Comments

Almost all workers are legally entitled to 5.6 weeks paid holiday per year, employers can choose to include bank holidays in this entitlement.

For a full time worker, calculating holiday pay is straight forward; workers who work a 5-day week must receive at least 28 days paid annual leave per year. (This is the equivalent of 5.6 weeks).

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Businesses call for more government support

Posted on: June 14th, 2018 by Sarah Case No Comments

Four out of five entrepreneurs in the UK believe the government could do more to support their small business, research claims.

Aldermore surveyed 1,799 people, including 642 small business owners, and found 79% of respondents believed existing initiatives did not provide enough support to SMEs.

Apprenticeship levy funds go towards the training of apprentices, but only 36% of SMEs polled were aware of the funding and only 4% had accessed this form of government support. (more…)

GDPR & Sage Online Services Portal

Posted on: May 15th, 2018 by Judith Mallen No Comments

With GDPR on the horizon, Sage Online Services Portal is a secure online portal designed to share payslips, P60s and timesheets with employees for whom you run a Payroll service.

Sage Online Payslips/P60s keeps your payslips and P60s processes simple and straightforward, and is a great alternative way to produce your payslips and P60s.

The safe, secure online portal allows your employees to access their payslips and P60s online, 24/7 from any device. (more…)

Late payments affect almost half of small businesses

Posted on: May 10th, 2018 by Sarah Case No Comments

Almost half of small and medium-sized businesses have struggled with late payments in the last year, according to research by the Institute of Directors (IoD).

Of the 787 business leaders surveyed, 48% have faced issues with late payments since April 2017.

Almost a third (31%) said this was the result of an “excessively bureaucratic payments system” in the company being invoiced. (more…)

Smallest firms hit by higher pension costs

Posted on: May 10th, 2018 by Ian Thomas No Comments

Startups and the smallest businesses are having to absorb higher pension costs as the new tax year gets under way.

The Federation of Small Businesses (FSB) warned that the doubling of minimum employer contributions into workplace pensions from 6 April 2018 will “hit the very smallest firms and startups the hardest”.

Firms in labour-intensive industries – such as retail, childcare and construction – will reportedly feel the impact most acutely. (more…)

From Xero to Hero? Desktop to cloud accounting

Posted on: April 10th, 2018 by Judith Mallen No Comments

Business accounts often have a reputation for being complex and time consuming for anyone who isn’t an accountant. However, software that makes doing business a pleasure can only be a good thing: making money and seeing your business grow and develop should be fun. (more…)

Important changes in the Workplace Childcare Voucher Scheme

Posted on: March 20th, 2018 by Clive Headon No Comments

The Government launched a new Tax-Free Childcare scheme for working families from April 2017.

What does this mean for you as an employer?

If you currently have a voucher scheme in place, you can continue to join new members until October 2018 (or for as long as you keep the scheme open) although employees who wish to join after this date will be unable to. (more…)

Spring Statement 2018 – Upcoming changes

Posted on: March 14th, 2018 by Clive Headon No Comments

National living wage and national minimum wage

National minimum wage rates for all ages and apprentices are increasing from 1 April 2018. (more…)