Umar Memon
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Under-25s push for national living wage equality
Workers under the age of 25 are missing out on more than £6,000 a year because they are not entitled to the national living wage (NLW). Charity group Young Women’s Trust polled 4,010 people aged between 18 and 30, finding… Read more Under-25s push for national living wage equality
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Managing automatic re-enrolment
Once you’ve been running auto-enrolment for three years you’ll need to re-enrol workers. Over the last five years there has been a seismic shift in attitudes towards retirement saving. Auto-enrolment means workplace pensions are now regarded by many employees as… Read more Managing automatic re-enrolment
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Rising national living wage hits SME profits
The NLW increased from £7.20 to £7.50 per hour on 1 April 2017. Out of 835 businesses surveyed by the Federation of Small Business (FSB), 39% have put up prices to cope with the NLW increase. Almost one in four… Read more Rising national living wage hits SME profits
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High value dealers need to register for cash payments
Businesses accepting cash payments of €10,000 or more in exchange for goods are required to register with HMRC under money laundering regulations (MLR). Recent changes to regulations mean that companies accepting cash payments on or above the threshold limit (or… Read more High value dealers need to register for cash payments
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Buy-to-let property
A guide for individual landlords on the recent tax changes. Whether you own one or 50 let properties, you need to be aware of the tax changes that have already started to take effect – and which will accelerate over… Read more Buy-to-let property
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Managing the Digital Revolution
Ensuring the smoothest transition for your business. Making Tax Digital (MTD) will mean most businesses and taxpayers access their tax affairs online through digital tax accounts in the near future. But what impact will MTD have on your business? What… Read more Managing the Digital Revolution
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Sick pay valued over other benefits
Self-employed people would prefer to receive sick pay than any other statutory benefit, a study has found. FreeAgent and The Freelancer & Contractor Services Association (FCSA) polled 900 micro-business owners and found 76% do not currently offer sick pay and… Read more Sick pay valued over other benefits
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Update- Making Tax Digital
Now the Government is over the General Election The Treasury have announced a delay to Making Tax Digital. It was expected that businesses whose turnover exceeded the VAT threshold would be required to make digital quarterly returns for income tax… Read more Update- Making Tax Digital
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HMRC urged to extend executors’ Inheritance Tax deadline
Royal London is calling on HMRC to change inheritance tax (IHT) rules on larger estates to allow executors more time to pay complex tax bills. Under current rules, the executor of a will can manage a person’s estate following their… Read more HMRC urged to extend executors’ Inheritance Tax deadline
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Lifetime ISAs
Incorporating the Lifetime ISA into your savings strategy. The past few years have seen several innovations in the savings account market. Gone are the days when savers only had cash and stocks and shares ISAs to choose from. Nowadays you… Read more Lifetime ISAs
