Nobody to put into a pension scheme? You still have duties. Businesses who employ only one member of staff (who is employed on a temporary basis, who earns under the qualifying earnings threshold of £10,000 and who does not need to be automatically enrolled into a pension scheme) will still have automatic enrolment duties. The… Read more »

The Pension regulator has stated: (They are obviously bound by the regulations but continue to highlight the 4th paragraph). Where a contract of employment exists – whether written or implied – then automatic enrolment duties will apply. The key point for an employer here is to understand what elements would constitute a contract of employment,… Read more »

Find all the key points from the Chancellor of the Exchequer’s Budget to Parliament on Wednesday 16 March 2016 in our handy 5-page PDF guide.

STANDARD

Disposing of capital assets in FreeAgent

In FreeAgent you now have the ability to dispose of capital assets.

Previously you could record the purchases of capital assets but there was no way to explain if you’d sold an asset.

You can now explain transactions as disposal of capital assets, which will prevent further depreciation, ledger the balancing charge and get all the accounts right.

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