Apr 2020 – Business Update for Payroll Clients

Update for Our Payroll Clients We are conscious that from the many queries received by our Partners, Managers and payroll staff, understandably the Job Retention Scheme has become a key factor for many of our clients in implementing measures to deal with the very significant ...
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Apr 2020 – Business Update – Job Retention Scheme

Job Retention Scheme – Some Practical Points Hopefully you have all received the previous updates sent out on the Job Retention Scheme when information on the scheme was published or being updated, or to provide some clarification when appropriate. We seem to be in a ...
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Apr 2020 – Prepare for off-payroll working

If you provide your personal services through your own company to large or medium-sized organisations, the way you are taxed may change for payments from 6 April 2020, due to the off-payroll working rules.Where your final customer is not small (it is large or medium-sized), ...
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Apr 2020 – ‘Making good’ benefits

Where an individual receives a benefit from their employer they can avoid being taxed on it if they ‘make good’ the value of benefit by reimbursing the employer. There are strict time limits for doing this.All reimbursements of taxable nonpayrolled benefits for 2019/20 must be ...
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Apr 2020 – ISA nice idea

You can save for retirement in a number of ways. The traditional route is via a pension scheme, but you could also use an ISA.Savers aged under 40 can open a Lifetime ISA and contribute up to £4,000 per year, which attracts a 25% bonus ...
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Apr 2020 – Max out your state pension

Individuals who reach State Pension Age (SPA) on or after 6 April 2016 need to have accrued 35 complete years of National Insurance Contributions (NIC) to receive the full state pension. To receive any UK state retirement pension, you need at least ten complete NIC ...
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Mar 2020 – Business Update – 31st

There have been no updates of any note issued by the Government which would affect clients over the last few days. We have heard, however, that whilst not officially announced, HMRC have apparently indicated that, Company Directors can be furloughed even though they may still ...
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Mar 2020 – Business Update – 30th

Over the weekend, there have not been any further provisions or detail provided affecting businesses and individual finances, and so for todays update, a summary of some considerations Directors may be faced with is provided. Clearly there are many areas Directors and business owners are ...
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Mar 2020 – Business Update – 27th

Yesterday evening the Chancellor announced the expected and unprecedented provisions to support the self-employed through the main period of the effects of the Coronavirus Pandemic. The intention of the new provisions are to provide some level of equalisation between employees covered by the Job Retention ...
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Mar 2020 – Business Update – 26th

I hope everyone received the detailed Q&A summary for the Job Retention Scheme yesterday, which still remains a key provision of most interest from the government measures introduced. If you didn’t receive this, please contact us so that can be sent on. As the summary ...
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Mar 2020 – Support for Employers

Coronavirus:Support for employers (as at 24 March 2020) Q: What support has the UK government announced for employers / employees? • On Friday 20 March 2020, the UK government announced a range of measures to help employers and employees as a result of the COVID-19 ...
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Mar 2020 – Business Update – 25th

I hope those of you who can have some small level of normal working at home are settling into it, and for others that a certain level of operation that can continue. We are very aware that the business closure list has affected a great ...
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