How Do National Insurance Contributions Work?
National Insurance Contributions are a deduction that the majority of employees and workers will be accustomed to seeing on their payslips, and a mandatory tax payment that the majority of employers and the self-employed will be accustomed to paying. Still, many of us will not be familiar with how this is calculated and how much […]
Voluntary National Insurance Contributions
Gaps in your National Insurance record can leave you ineligible for a State Pension and certain benefits. You may be able to fill these gaps by making voluntary National Insurance contributions. Under current rules, you have until 5 April 2025 to ‘buy back’ any missing national insurance years from 2006 to 2016 using voluntary national […]
Overtime Pay: Advice for Employers
Calculating overtime pay and holiday entitlement can quickly become complicated for employers. In this overtime pay guide, we will help you understand employees’ rights and your obligations relating to UK overtime laws. What counts as overtime? Typically, an employee will be contractually required to work a fixed number of hours per week in […]
Downsizing Relief: Cut Inheritance Tax Bill
Downsizing relief can offer homeowners an effective way to lower inheritance tax (IHT) liability, by moving to a smaller home. In this guide, we look at what downsizing relief is, how it works and who can claim it. What is downsizing relief? Downsizing relief is a form of tax relief that can enable […]
Selling a Business as a Going Concern
Selling a business as a going concern can provide prospective buyers with the chance to invest in an established and affordable enterprise, saving valuable time, resources and start-up capital as the business can continue trading from day one of the transfer, without any interim transition period. However, it may not always be possible to sell […]
What is COSHH? Control of Substances Hazardous to Health Regulations
With the maximum penalties for COSHH non-compliance standing at fines amounting to thousands of pounds and possible imprisonment, it is in any employer’s best interests to be fully informed on their legal standing in regard to hazardous substances in their workplace. What is COSHH? The Control of Substances Hazardous to Health Regulations 2002 (COSHH) […]