Umar Memon
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Limited partner national insurance contributions
Changes to business regulations happen at two common commencement dates – in April and October – each year. As well as the headline changes to redundancy consultation periods and employment tribunal procedures introduced this April, changes to national insurance contributions… Read more Limited partner national insurance contributions
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First phase of business bank begins
Business secretary Vince Cable first announced details of a state-backed business bank in September last year. Since then, business groups have been eager to see the initiative rolled out and put into action. April marked the launch of the first… Read more First phase of business bank begins
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Tax efficient savings and investments
With interest rates at rock bottom and with people now saving more, we look here at a range of tax advantaged savings options. Pension savings The Government encourages pension savings by providing tax relief on pension contributions. Tax relief reduces… Read more Tax efficient savings and investments
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Regulation and rate changes: April 2013
New business rules and regulations come into effect on ‘common commencement dates’ in April and October each year. The new tax year also begins on 6 April, bringing new rates and allowances into effect. Here’s our summary of some of… Read more Regulation and rate changes: April 2013
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Inquiry into high number and cost of whiplash claims
The House of Commons Transport Committee will look at how the number and cost of whiplash claims in the UK can be reduced. The inquiry follows a December 2012 whitepaper from the Ministry of Justice, which described Britain as the… Read more Inquiry into high number and cost of whiplash claims
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Employers to design own apprenticeship schemes
Employers will be able to design and develop their own apprenticeship standards and qualifications, Deputy Prime Minister Nick Clegg has announced. The decision follows last year’s review by entrepreneur Doug Richard, which found apprenticeships should be more focused on the… Read more Employers to design own apprenticeship schemes
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Millions leaving work to care for family members
Millions of UK adults are leaving employment or reducing working hours to care for an elderly, disabled or seriously ill family member, according to research from Carers UK and business forum Employers for Carers. The research found: Ian Peters, chairman… Read more Millions leaving work to care for family members
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Budget 2013 round-up
Chancellor George Osborne introduced Budget 2013 as one for an ‘aspiration nation’; for those who aspire to ‘own their own home, get their first job, or start their own business.’ Economic update As always, the Budget was delivered alongside the… Read more Budget 2013 round-up
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Employee recognition programmes and why should you have one
An employee recognition programme is defined as: Communication between management and employees which rewards them for reaching specific goals or producing high quality results in the workplace. Ironically, it is when times are toughest and high productivity is most important… Read more Employee recognition programmes and why should you have one
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Unfair dismissal compensatory award increases
The maximum compensatory award for unfair dismissal has increased from £72,300 to £74,200 where the effective date of termination occurs on or after 1 February 2013. Other changes include: an increase in the maximum amount of a ‘week’s pay’ for… Read more Unfair dismissal compensatory award increases