Brexit round-up: employers opting for temporary staff
Here is a round-up of the top Brexit-related stories this week. Employers opting for temporary staff The number of permanent jobs awarded fell in July as a result of employers holding back due to Brexit uncertainty. The IHS Markit/REC report on jobs found that...
Help to Save tax treatment under scrutiny
Earnings from the Help to Save scheme should be exempt from income tax, according to the Low Income Tax Reform Group (LITRG). The savings scheme was announced in Budget 2016 for working adults on low incomes and in-work benefits such as universal credit. Individuals...
Older workers stay in employment
There are now 9.4 million workers aged over 50 in employment, 3.7 million more than 20 years ago, according to the Department for Work and Pensions. The unemployment rate among older workers dropped to 3.3% - the lowest rate since 2009. Other findings: 8.3 million...
New state pension – will you qualify?
The government has agreed to write to individuals who do not have enough years of national insurance contributions (NICs) to qualify for the new state pension. To receive any new state pension an individual must have at least 10 qualifying years of NICs. People who...
Confirmation statement reminder
Confirmation statements will replace the annual return for companies from 30 June 2016. Companies will need to file a confirmation statement from this date, providing up to date information for inclusion on the public register. The main difference between the new...
Register of persons with significant control requirement introduced. Failure to comply is a criminal offence
Register of persons with significant control requirement introduced 25th April 2016 As of 6 April 2016, all companies and limited liability partnerships (LLPS) must now keep a register of persons with significant control (PSC). A PSC register is required for those who...
HMRC tax fraud strategy criticized by committee
HMRC tax fraud strategy criticized by committee 19th April 2016 HMRC is not doing enough to tackle tax fraud, according to a report by the Public Accounts Committee (PAC). Findings show that tax fraud is creating losses of around £16 billion a year, almost half of the...
Firms cutting staff perks to fund National Living Wage
Firms cutting staff perks to fund National Living Wage 20th April 2016 Chancellor George Osborne has warned businesses on cutting staff perks and overtime pay rates to cover the costs of the national living wage (NLW). The chancellor was responding to reports on...
Holland & Co Chartered Accountants are arranging a free business networking afternoon 4pm to 5pm on Monday 11 April 2016 at their offices, 102 Widnes Rd, Widnes WA8 6AX.
Free tax saving advice will be offered for businesses who feel they are paying too much tax. Anyone who would like to attend should email info@hollandandcompany.co.uk or ring 0151 420 6666. The event will also be an opportunity for various different types of business...
‘Skill-shortage vacancies’ a challenge for businesses
The challenge that many businesses are facing in trying to get the right people for their workforce has been detailed in a UKCES Employer Skills Survey. Of the 91,200 employers surveyed, 19% had a least one vacancy, up from 15% in 2013. “Skill-shortage vacancies”...