Pay rise for many workers thanks to living wage increase
Analysis by the Low Pay Commission (LPC) has revealed that a quarter of all UK employees aged 25 and over had a pay increase in 2016 following the increase of the minimum wage to £7.20 last April. Although the law forced companies to increase the salaries for the 1.6 million workers – or 6.7% of […]
New Year’s resolution: invest in your employees
A 2014 Gallup poll discovered that only 13% of workers are “actively engaged” in their work and that 26% are “actively disengaged”. Another study carried out by Glass Door found that only 54% of employees would recommend their company as a place to work, which should be a cause for concern for managers and business […]
Tight turnaround for year end tax planning before Spring Budget
The Treasury has announced the date of the next Budget. It may feel like Mr Hammond’s Autumn Statement was only a few days ago, but shortly before Christmas the Treasury announced that the Spring Budget will be on Wednesday 8 March. In theory, this will be the last Budget to take place in spring, as […]
Auto-enrolment: seven million and counting
Automatic enrolment has reached a new landmark, but the path from 2017 onwards could be challenging. When automatic enrolment into workplace pensions started in October 2012, there were some doubts about how successful it would be. A little over four years later, few would argue that Auto-enrolment has not been a success, at least so […]
UK SMEs are writing off billions in debt
The average amount of debt written off by small and medium-sized businesses (SMEs) last year was £11,708, according to recent research. The findings show that 76% of SMEs wrote off debt during 2015, totaling just under £50bn collectively, or £134m every day. In addition, one-in-five SMEs are experiencing cash-flow problems according to the research, with […]
Fees for tax tribunal appeals
Fees are being introduced for the first time for appeals to the tax tribunal The charge comes as part of the introduction of an online appeal submission service and is intended to cover administrative costs. The fee structure has not yet been published but fees could start from as little as £20 up to £200 […]
