Summer Newsletter 2022

Summer Newsletter 2022

Our latest newsletter provides an update on a range of topical issues:

Explaining the Health and Social Care Levy and National Insurance change
Change to the National Insurance (NI) regime makes major demands on employers. It amounts to much more than making sure payroll systems are crunching the right numbers.

IR35 and off-payroll: 2022 matters
It’s now a year since major change to the off-payroll working (OPW) rules. The OPW regime requires a decision on employment status to be made for tax purposes.

Money off your software costs
The government’s Help to Grow: Digital scheme offers a 50% discount, to a maximum of £5,000, on a range of approved software.

Basis period reform: it could impact your tax bill
Tax year 2023/24 brings important adjustments to the way tax liability is calculated for unincorporated businesses.

Holiday pay on tap: what you need to know about the Pimlico Plumbers
The employment status and associated rights of the workforce of Pimlico Plumbers Ltd have been battled out at the highest judicial levels for years. There is now another verdict. What is the takeaway message if you run a business with a labour force that doesn’t fit the traditional mould?

Employers: risk assess your minimum wage payment
New minimum wage rates took effect from 1 April 2022. There is, however, much more to minimum wage compliance than simply taking an annual increase on board.

Your guide to the Spring Statement
‘The Chancellor will not make significant tax or spending announcements at the Spring Statement, unless the economic circumstances require it.’  That was the idea when Spring Statements first appeared on the annual agenda, barely five years ago. Unsurprisingly, economic circumstances this year did indeed give rise to some significant announcements.

Let's work together to improve your business.

Call us today on 0141 848 7474, email us at mail@johnmtaylor.co.uk or click here to send us a message.

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