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Are you ready for the apprenticeship levy?

The apprenticeship levy comes into force with effect from 6 April 2017.

Payment of the levy applies to ALL businesses, even if you do not have apprentices and may impact on many small businesses where they are “connected” with other businesses.

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Financial data that’s right up to date

More and more accountancy professionals are encouraging their clients to use the cloud-based platform Xero. IAN SMITH outlines exactly what it is the technology can offer.

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U-Turn On Self Employed Class 4 NIC Increases

The Chancellor announced yesterday that he would not be going ahead with his Budget proposal to increase the National Insurance Contribution rates for self-employed people. 

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Advisory fuel rates for company cars from 1 March 2017

The advisory fuel rates for journeys undertaken on or after 1 March 2017 are:

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New thresholds confirmed for auto enrolment!

The Department for Work and Pensions has confirmed the thresholds for pensions automatic enrolment for 2017/18.

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Tougher penalties for tax avoiders

Finance Act 2016 introduced a new ‘serial tax avoidance’ regime targeted at taxpayers who engage in tax avoidance schemes which are defeated by HMRC. Even if a taxpayer has only used one defeated scheme they will be affected by the new rules.

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Gender pay gap reporting. Be prepared!

In its latest efforts to address the pay gap between male and female workers, from next year the Government will require large employers to publish data on their gender pay gap.
 

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Beware of messages from HMRC pretenders!

Scams from fraudsters pretending to be from HMRC are now becoming more common. They can take the form of emails, text messages and telephone calls so you need to be vigilant at all times.

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Ryecroft Glenton, founded 1901, is an independent, award-winning firm of Chartered Accountants and strategic business advisers giving personalised support to every one of our clients.

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