Money

Minimum Wage Changes

On 1st April 2019 the national minimum wage for different age ranges will change. This will mean that you may need to change the wages of your employees or may be entitled to a wage rise. These changes will be: Adults (25+) from £7.83 to £8.21 Adults (21-24) from £7.38 to £7.70 18-20 Year olds from…

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saving

Pension Contributions Increases

From 6th April 2019, pension contribution rates have increased for any employee who is in a pension scheme. The minimum contribution rates have changed to: Employer minimum contribution from 2% to 3% Employee minimum contribution from 3% to 5% By law, any employer with a pension scheme must meet these minimum contributions. To find out…

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Making tax digital

Making Tax Digital

If you are VAT registered with a turnover over £85,000, you will need to register for Making Tax Digital from the first VAT return starting after 1st April 2019. For most of our clients, this will be the period ending 30th June 2019 which will be due on 7th August 2019. It seems that HMRC’s…

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