Umar Memon
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Economic Update: February 2014
Looking back The UK economy gained momentum throughout 2013 with Gross Domestic Product (GDP) growth exceeding earlier forecasts. A rise in GDP in the first three quarters of 2013 saw output grow more quickly than any previous nine-month period since… Read more Economic Update: February 2014
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New lifetime allowance could cost savers billions
A reduction in the lifetime allowance (LTA) for pension savings could cost savers billions in unexpected tax charges according to research from Standard Life. The LTA – the maximum amount an individual can accrue in pension savings in their lifetime… Read more New lifetime allowance could cost savers billions
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RTI extension for micro employers
Micro employers will be given until April 2016 to adapt to the real time information (RTI) system for reporting PAYE payments, HM Revenue & Customs (HMRC) has announced. Micro employers – those with fewer than 10 employees – who need… Read more RTI extension for micro employers
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Zero hours contracts consultation
The Business Secretary, Vince Cable, has launched a consultation into the understanding and use of zero hours contracts. Official figures suggest that there are 250,000 people employed under zero hours contracts, which offer no guaranteed hours or pay and are… Read more Zero hours contracts consultation
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SME population hits six-year high
The number of small and medium-sized enterprises (SMEs) in the UK reached a six-year high of 2.16 million in 2013, according to the National Association for Commercial Finance Brokers (NACFB). The data reveals that 86,435 SMEs have been created in… Read more SME population hits six-year high
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Case Study: Employee LinkedIn Account
Whitmar Publications Ltd v Gamage and others – Former employee ordered to give employer log-in details of a LinkedIn Account. Mr Gamage, Ms Wright, and Mr Crawley were long-term senior employees of Whitmar Publications Ltd. They all resigned on 7… Read more Case Study: Employee LinkedIn Account
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Checklist: promoting positive mental health
Key things you can do to help maintain the mental health of your employees and help those with mental health problems remain in work and productive include: Spot the signs. This may initially mean taking a note of what you… Read more Checklist: promoting positive mental health
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Recruiting young people: best practice
In difficult times, young people can be particularly disadvantaged when it comes to recruitment and selection. As they leave school, college and/or university, they can bear the brunt of the economic downturn and find it difficult to compete in a… Read more Recruiting young people: best practice
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Mobile phones for employees
Employers may provide many benefits to employees in addition to their salary or wages. Some of these benefits can be tax-effective, in that the employer or employee (or both) may save tax by providing a benefit rather than cash. Normally… Read more Mobile phones for employees
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Traditional inheritance altered?
The traditional inheritance is becoming a thing of the past as more parents choose to give away assets during their lifetime, data from the Office for National Statistics (ONS) has suggested. The UK’s ageing population, alongside rising living and care… Read more Traditional inheritance altered?