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 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 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 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 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...
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...
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”...
Obtaining finance and skills shortages are the top concerns among start-ups. According to a survey by the Institute of Directors (IoD) of 650 entrepreneurs under the age of 35, revealed that finding skilled employees and accessing scale-up finance are the most...
The number of business starting operations increased by 1.2% from 346,000 to 351,000 between 2013 and 2014. Latest figures from the Office for National Statistics show that the growth rate for new businesses decreased from 14.1% to 13.7% in 2013/14. The number of...
Chancellor George Osborne has now delivered his Autumn Statement 2015. Here’s our summary of the key measures effecting personal finance. Tax credits: Tax credit taper rate and thresholds remain unchanged. The Chancellor has promised to achieve the £12 billion per...
