Autumn Budget 2018

Autumn Budget 2018

The sun was already edging behind the London skyline by the time Chancellor Philip Hammond rose to the despatch box to deliver the first Monday Budget since 1962 – pushed back to 3.30pm because of later Parliamentary sitting times on Mondays. Officially, the traditional Wednesday slot was dispensed with this year to allow as much time as possible for debate in Parliament. The more cynical Read more…

Employee not working their notice period – what can I do?

Employee not working their notice period – what can I do?

I have been asked on a number of occasions what an employer can do if their employee does not work out their full notice period. Whilst it can place a small business in a tricky rather than insisting that the employee has to work their notice period this can turn out to be counterproductive, with the employee either phoning in sick or being unproductive whilst Read more…

Do I need to calculate holiday entitlement for someone working on a zero contract?

Do I need to calculate holiday entitlement for someone working on a zero contract?

In short yes all workers are entitled to holiday pay.  Most workers are entitled to 5.6 weeks paid holiday per year (28 days).  Many employers include bank holidays as part of the statutory entitlement i.e.20 days plus bank holidays. If you employ someone on a zero hour’s contracts or if you are the person responsible for aspects of HR in your company, then it’s important Read more…

Staying GDPR compliant – How HR software helps businesses cope with GDPR

Staying GDPR compliant – How HR software helps businesses cope with GDPR

Introduction The way we manage data has changed beyond all recognition in the last few years. Filing cabinets are fast becoming a 21st Century dinosaur, no one uses rolodexes anymore and the vast majority of businesses are switching to computer, online and cloud-based services. But the laws governing how that data is managed haven’t kept pace with this change. Until now. You may have heard Read more…

Probationary periods – why bother?

Probationary periods – why bother?

There is no legal requirement to have a probationary period but by having it written into a contract of employment, can give both the employee and employer the opportunity to assess whether they are a good fit for each other. Here are our top tips:- Make sure you have a clause in the employee’s contract of employment setting out how the probationary period will operate Read more…

Changes to the tax rules for non-domiciled individual (effect from 6 April 2017)

Changes to the tax rules for non-domiciled individual (effect from 6 April 2017)

An abbreviated version of this article is featured in the CityWire’s Tax Matters column. Definition and types of domicile Domicile is an old English Law concept which has a bearing on how your clients are taxed. There are four basic types of domicile: Domicile of Origin Everyone has a domicile of origin; it normally comes from your father and his father, back up the male Read more…

7 Top Tips for Debt Management

7 Top Tips for Debt Management

We all work hard in our businesses to provide our clients with the goods and services they require. It can then be very frustrating if we do not get paid on time. Effective credit control systems and management are fundamentally important to the success of your business. Sometimes it is all about being organised and timely when it comes to managing your creditors and avoiding Read more…

Annual Tax on Enveloped Dwellings (ATED) – Does it apply to you?

Annual Tax on Enveloped Dwellings (ATED) – Does it apply to you?

Do you own a UK residential property with a value of more than £500,000 through a company or other corporate vehicle ? If so, then you are probably within the ATED regime. You will need to make sure that you file a return and pay the tax due for the year 2017/2018 by 30th April this year. If you do not file a return, then Read more…

Thinking about starting a business?

Thinking about starting a business?

Starting a business is one of the most important and exciting moments for an entrepreneur. The United Kingdom is one of the most popular locations for forming companies because of the ease of incorporation, the relatively low cost and the confidence that is placed in UK companies by the business world. This list of tips is designed to assist anyone considering starting a business using Read more…

Goodbye to the Autumn Statement

Goodbye to the Autumn Statement

The most significant announcement at last month’s Autumn Statement was possibly the announcement that this would be the last Autumn Statement. Leading professionals have long made the case for a move to a single fiscal event and this was referenced by the Chancellor in the statement. The Chancellor said: “This change will allow for greater parliamentary scrutiny of Budget measures ahead of their implementation. It Read more…