Fee Protection Insurance
We have offered this scheme for some time; should HMRC decide to look into your affairs this would cover our fees. The average investigation costs around £2,000-£3,000 of time.
The policy is an annual fee based on your annual accounting fees, and costs between £75-£250 per annum.
We are seeing a rise in enquiries and would recommend that this is considered.
Please contact us for a quote on the office telephone number or email email@example.com
Minimum Wages 20/21
There will be an increase to minimum wages with effect from 1st April 2020. If we carry out payroll for you, these changes will be made automatically from this date.
The new minimum wages amounts are as follows;
25 & Over – £8.72
21 – 24 – £8.20
18 – 20 – £6.45
Under 18 – £4.55
Apprentice – £4.15
If you have any questions, please do not hesitate to contact us.
19/20 Tax Year
The filing window will be open from the 6th April 2020 for the 19/20 tax year, so we will, therefore, be accepting your books and records for this period after this date.
If you have a deadline for tax credits, are waiting for a refund, or something else – just let us know and we can assist you.
Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’.
Despite the name, setting up the Workplace Pension does not happen automatically; you as an employer have a responsibility to ensure this is set up for your employees before your enrolment deadline. You can find some very useful information on the Governments website on how to do this – http://www.thepensionsregulator.gov.uk
The website also has a very handy ‘duties checker’ which takes 5 minutes to fill in and details all you need to do, to complete the process.
To do this, you will need your PAYE reference and letter code to hand (to worry if you don’t have this – you can use your accounts office reference). If you don’t know these, please get in touch and we can provide you with them. If you require further information about enrolling, please do not hesitate to contact us and we will be happy to assist you.