From the moment the Chancellor mentioned “rising incorporation and self-employment eroding tax collection” in the early part of his debut Autumn Statement speech, Free Agent suspected that there may be some bad news for small businesses lurking in the full report – and it appears they were not wrong. Read the article at FreeAgent →
Posts Tagged: Employers
Here are the new National Minimum Wage rates for pay periods starting on or after 1 October 2016: £6.95 per hour 21-24 years old £5.55 per hour 18-20 years old £4 per hour 16-17 years old £3.40 per hour Apprentices under 19 and all apprentices in the first year of their apprenticeship The National Living… Read more »
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 »
Taking on your first employee can be really exciting but if you haven’t had to think about issues like employment law or company inductions before, it can also be a little daunting! If you’re not quite sure where to start, these top five tips from Georgina Read, co-founder and director of citrusHR, an HR support… Read more »
The Chancellor announced a compulsory National Living Wage of £9 an hour by 2020. But can Britain’s businesses afford a pay rise of that level? Money Box looks at how various tax changes will affect freelancers and contractors, as the Government seeks to end what it calls “tax motivated incorporation”.
We are approaching a deadline for all employers to enter Auto Enrolment. Small limited companies and their directors need to consider if this applies. This post details how to know your position in this matter: When is a director a worker? A director who is working under a contract of employment AND there is at… Read more »
This year will see the introduction of radical pensions reform as the Government attempts to bridge the gap between pension savings and years in retirement with the introduction of auto-enrolment.