Archive for the ‘Business Services’ Category

National insurance planning

Posted on: January 9th, 2019 by Clive Headon No Comments

Obligations and opportunities.

National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018.

A review by the Government Actuary’s Department (GAD) predicted the fund would be empty by around 2032. (more…)

Businesses getting to grips with apprenticeship levy

Posted on: January 9th, 2019 by Sarah Case No Comments

Businesses are finally beginning to understand the apprenticeship levy, after previously voicing serious concerns over its complexity and lack of flexibility.

The apprenticeship levy took effect on 6 April 2017 and means businesses with an annual pay bill of more than £3 million must pay the levy towards apprenticeship funding. (more…)

Keep up to date with payroll changes

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

Employers need to keep up to date with changes affecting payroll so that all employees have the right amount of tax deducted under PAYE. Here, we highlight some top tips on keeping ahead of the game: (more…)

Top tips for Making Tax Digital

Posted on: December 7th, 2018 by Judith Mallen No Comments

All businesses that are VAT registered with a turnover over £85,000 will need to submit their VAT returns using accounting software from 1 April 2019, however,  there has been a delay until 1 October 2019 for some businesses (further details of these businesses can be found below). (more…)

Xero Top Tips

Posted on: December 3rd, 2018 by Judith Mallen No Comments

We believe that managing your business finances should be easy, allowing you to get on with the important day to day running of your business. Check out our Xero Top Tips (more…)

What’s new in QuickBooks Online (2018 Releases)

Posted on: December 3rd, 2018 by Judith Mallen No Comments

Banking & Reconciliation

  • Enhancements to Banking functionalities
  • Reference number for Refund Receipt
  • Match split paychecks from Payroll
  • Connect Bank accounts through Chart of Accounts
  • Cleared Date Intelligence when reconciling connected accounts
  • Hide empty payments table on Bank Deposit

(more…)

What’s New in Sage 50cloud Accounts v25 2019

Posted on: November 29th, 2018 by Judith Mallen No Comments

  • Bank Feeds Enhancements
  • Approvals process added to Sage Capture
  • Ability to Reverse Bank Reconciliation
  • Ability to Check Data and Backup whilst other users logged in
  • Making Tax Digital compliant  YouTube Video.
  • What’s next  Sage 50cloud Accounts Roadmap.

(more…)

5 ways to instil a ‘safety’ culture in your workplace

Posted on: November 13th, 2018 by Sarah Price No Comments

health and safetyGuest author,  Richard Pask, Thomas Carroll

In 2017-2018, 30.7 million working days were lost due to work-related illnesses and non-fatal workplace injuries in Great Britain. In addition, 493 cases were prosecuted, resulting in £72.6 million in fines being distributed. The expenses for workplace injuries and illnesses come straight out of the profits of your business. However, by emphasising the importance of a safe working environment and educating your employees on how accidents at work can directly affect them, you can keep your employees safe and look after your business’s bottom line.   (more…)

Managing cash flow

Posted on: November 9th, 2018 by Sarah Case No Comments

Sarah Case Managing cash flow MHA Broomfield AlexanderWith as many as one in three payments to small businesses being late, Sarah Case, director at MHA Broomfield Alexander, looks at the impact this can have and the ways in which businesses can better manage cash flow and protect their bottom line. (more…)

Holiday Entitlement Continued…

Posted on: October 19th, 2018 by Clive Headon No Comments

In a recent blog we discussed holiday entitlement for casual and zero hour workers.  Here we discuss other areas of holiday pay:

Rolled-up holiday pay

Rolled-up pay is when an employer pays accrued holiday hours alongside basic hours. Should this be the case then the employer must breakdown these hours clearly on a payslip.  The general rule is that holiday pay should be paid for the time when annual leave is taken, and HMRC suggest (as a general guide) that if employers are including an amount for holiday pay alongside the hourly rate, then current contracts may need to be re-negotiated.  (more…)