Monthly Archive October 29, 2021

How will the National Minimum Wage increase impact my business?

The National Minimum Wage (NMW) will increase across all age groups from next year, the Chancellor has announced.

If you are an employer, here’s what you need to know.

What’s changing?

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Autumn Budget 2021

With the Speaker of the House of Commons by tradition not presiding over the Budget, the Chancellor might have hoped he would escape a rebuke over the number of important announcements disclosed to the media in advance.

That was not to be, with the Chancellor instead receiving a ticking-off from Dame Eleanor Laing, the Chairman of Ways and Means, who takes charge on Budget day.

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Pay bounces back strongly as economy recovers

The labour shortage appears to be proving beneficial to many workers as pay increased significantly in 2021, according to figures from the Office for National Statistics (ONS).

Increases this year were most marked for the groups worst affected in 2020, such as younger people, men and those in lowest-paid jobs, but this also produced a widening of the gender pay gap.

The median weekly pay for full-time employees across the UK was £611 per week, which was a 4.3 per cent increase on the same period in the previous year.

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Are you a Self-Assessment taxpayer?

If you are, then keep reading…

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International Trade Week: when is it and how can it benefit my business?

A new, week-long event will be launched next month to help businesses to export their goods and services, it has been announced.

International Trade Week, scheduled to run from 15 to 19 November, will feature international trade experts from Government departments, the UK’s biggest companies, and leading trade federations.

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Updated requirements for submitting Corporation Tax CT600 Return

With the winding up of the Coronavirus Job Retention Scheme (CJRS) or furlough, at the end of September, it is vitally important that all employers are up to date with their Corporation Tax Form CT600, particularly over grants received from the scheme.

HM Revenue & Customs (HMRC)  is looking to close any loopholes and ‘claw back’ any overpayments, such as claims for an employee who left the business while the scheme was in operation.

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Scams: the heavy financial and health burden

According to recent research, the total amount of money it costs a fraudster’s victim to get help with their wellbeing after being scammed is £9.3 billion a year. 

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Plastic Packaging Tax: what is the new levy and how can my business prepare?

The Plastic Packaging Tax – also known as the PPT – will come into force from next year.

Here’s what you need to know about the new levy designed to clamp down on plastic waste.

What is the Plastic Packaging Tax?

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“Night-time economy”- is it back on its dancing feet?

The Night Time Industries Association (NTIA) has recently revealed that due to the pandemic, 393,000 jobs have ended across the night-time economy.

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Personal tax: Take home more of what you earn with these tax-saving tips

More workers than ever are finding themselves getting close to or exceeding the higher rate tax bracket, recent figures have revealed.

In this blog, we are going to share nine essential tips employees can use to keep themselves out of the higher rate tax bracket and take home more of what they earn.

Flat rate expenses

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