News

Pensions - Are you in?

All employers must have a workplace pension in place for their emplopyees, regardless if they wish to join. Remember employees must first become eligible to be part of a pension scheme before they can choose to Opt out.  Read more by visiting the Pensions Regulator here.

PAYE and Pension Rates and Thresholds

PAYE tax rates and thresholds2020 to 2021

Employee personal allowance :
 
£240 per week

£1,042 per month

£12,500 per year
 
Tax Rates : 

English tax rate 20% on annual earnings above the PAYE tax threshold and up to £37,500

English higher tax rate 40% on annual earnings from £37,501 to £150,000

English  additional tax rate 45% on annual earnings above £150,000

 

Paying HMRC

 

Every month you have to pay HM Revenue and Customs (HMRC):

Pay what you owe by the 22nd of the month (or the 19th if paying by post) - you may have to pay a penalty if you do not.

If you usually pay less than £1,500 per month, you may be able to pay quarterly instead of monthly. Contact the payment helpline to find out.

 

National Minimum Wage 2020-2021

The National Minimum Wage and The National Living Wage increase every year in April.

As of 1st April 2020 the below hourly rates came into affect as follows:

Aged 25 and above (national living wage rate)               £8.72

Aged 21 to 24 inclusive                                                   £8.20

Aged 18 to 20 inclusive                                                   £6.45

Aged under 18 (but above compulsory school leaver)    £4.55

Apprentices aged under 19                                             £4.15

Apprentices aged under 19 and over (but in first year)   £4.15

It is important to make sure you are paying your staff the correct minimum hourly rate for their age.

For more information, here is the https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2020-to-2021

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What our clients say about us...

“I have found the girls to be very knowledgeable & helpful. A professional team, who are always approachable and friendly. I have total trust in their work.” – Steve’s Carpets.

Important News

COVID-19

Coronavirus Please remember :

  • You can spread the virus even if you don’t have symptoms. 
  • Stay at home 
  • Only go outside for food, health reasons or work (but only if you cannot work from home) 
  • If you go out, stay 2 metres (6ft) away from other people at all times 
  • Wash your hands as soon as you get home
  • Do not meet others, even friends or family.
 

COVID-19

COVID-19: What you need to know

We wanted to take this opportunity to reassure you that whilst our office is still open for business we continuously following the advice of the Government and Public Health England and putting the safety and wellbeing of our employees, you and your loved ones first.

In order for us to maintain the level of service you are used to we have had to look at continuity of our business, therefore today, we have made the decision to ask you, our clients to prevent any visits to Stranton Business Centre (unless this is absolutely necessary) in order to help us protect you and our staff. We hope that staying open as long as it is possible we will offer peace of mind to everyone. We recommend that you contact us via telephone or email rather than popping into see us. If it is necessary for you to provide us with information and or paperwork and you do not have the means to provide it electronically we will not be offended if you were to drop it in the porch or post through the letterbox. 

We can assure you that we are trying our outmost to keep business as usual but we may in time have to limit staff. In the event that we have to close we are putting measures in place to ensure you deadlines are met and payroll is unaffected. For more outlined and update advice please see link below:

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/guidance-for-employers-and-businesses-on-coronavirus-covid-19

https://www.acas.org.uk/coronavirus

https://www.fsb.org.uk/campaign/covid19.html

 

 

 

 

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