Delays To The Abolishment Of Class 2 National Insurance Contributions

Delays To The Abolishment Of Class 2 National Insurance Contributions

In December 2015, the government revealed a plan for new legislation that would abolish the Class 2 national insurance contributions. They also announced that further NIC changes would be proposed in 2018.

Originally, the change was expected to be implemented in 2018.

Read More >

Taking on a new employee

When you take on a new member of staff, there are an initial six tasks you need to carry out to ensure you comply with the law:

  • Set your pay rate and pay at least the National Minimum wage
  • Carry out pre-employment checks to ensure your employee is legally entitled to work in the UK
  • Arrange employers’ liability insurance if you are not already insured
  • Register as an employer with HM Revenue & Customs
  • Give your new employee a written statement of employment
  • Ensure your new employee’s first payslip contains details of all deductions (National Insurance, tax etc.)
Read More >

The rise of the super SME

New research has highlighted the significant contribution that Britain’s fastest growing smaller companies are making to the UK economy.

According to a report commissioned by Octopus Investments and produced by the Centre for Economics and Business Research (CEBR), just 1% of the UK’s businesses are fuelling 68% of employment growth and generating 36% of the UK’s economic growth. Read More >

Self Assessment – correcting mistakes

The deadline for submitting a Self Assessment Tax Return on paper for the year to 5 April 2014 was 31 October 2014.

If you met this deadline but have now realised you made a mistake within the return – don’t worry you can correct this. Read More >