Umar Memon
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Employment law changes in effect
A number of changes to employment rules and regulations came into force with the start of the new financial year on 6 April. The changes affect many areas of employment law, from employment tribunals and discrimination, to everyday areas such… Read more Employment law changes in effect
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Auto enrolment increases pension membership
The percentage of private sector employees in a workplace pension scheme increased from 26% in 2011 to 35% in 2013, according to research commissioned by the Department for Work and Pensions. The Employers Pension Provision survey shows that at the… Read more Auto enrolment increases pension membership
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Unemployment falls to 6.9%
The unemployment rate fell by 77,000 to 2.24 million between December 2013 and February 2014, according to figures from the Office for National Statistics (ONS). The official unemployment rate now stands at 6.9%, the lowest since February 2009. Key employment… Read more Unemployment falls to 6.9%
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Residence and domicile
A guide to the differences between residence and domicile for tax purposes Domicile and residence can each have a significant impact on how much UK tax you must pay, or indeed if you must pay UK tax at all. Both… Read more Residence and domicile
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Loans to employees and directors
This guide looks at the rules regarding loans made to employees or directors by a company. As an employer, you may often be willing to lend company money to a director or employee. This could be to help them pay… Read more Loans to employees and directors
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Most Brits don’t know their credit rating
Two thirds of UK adults have not checked their credit report in the last five years, according to a survey by the Money Advice Service. The research shows that: 97 per cent of people have heard of credit reports but… Read more Most Brits don’t know their credit rating
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Lenders predict early end for Help to Buy
Almost half of mortgage lenders (46 per cent) think the mortgage guarantee part of the Government’s Help to Buy Scheme will be withdrawn ahead of schedule, a survey by the Intermediary Mortgage Lenders Association (IMLA) has found. Lenders identified the… Read more Lenders predict early end for Help to Buy
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SMEs need consumer-level protection
Small and micro businesses need the same level of protection as consumers when buying utilities, according to the Federation of Small Businesses (FSB). The FSB argues that many small businesses are disadvantaged when choosing energy or water providers as they… Read more SMEs need consumer-level protection
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Minimum wage rises to £6.50 an hour
The national minimum wage (NMW) for adults will rise by 19p an hour to £6.50 on 1 October 2014, the Business Secretary Vince Cable has announced. The Government has agreed to follow the three per cent rise proposed by the… Read more Minimum wage rises to £6.50 an hour
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Employee share schemes
The Government encourages trading companies to offer shares in the company to its employees. These are usually given away free or offered at a discounted rate. Sometimes the employer may not provide shares immediately but provide an option that will… Read more Employee share schemes