George Osborne delivered his much anticipated Autumn Budget this week. As expected due to the decision to combine the Autumn Budget with the Governments ‘Comprehensive Spending Review’, some of the issues that are most important to you our clients were buried under a mire of facts, figures, percentages and the inevitable political rhetoric. The press…
The Conservative Party released their first Conservative only Budget in 19 years on 8 July 2015. This was a budget for working people and his message was clear – he wants to increase employment, make work pay and reduce the welfare bill. To support this approach, the Government will introduce a new National Living Wage…
Some of you would have already received letters from the Pensions Regulator on automatic enrolment of employees onto employer pension scheme. The legislation basically states that every employer with at least one member of staff must automatically enrol those who are eligible into a workplace pension scheme and contribute towards it. This is a huge…
As we all know, HMRC is continually changing legislation in an effort to reduce tax avoidance but also to basically stop people from contracting and instead take on a PAYE role. From 5 April 2015 onwards employment intermediaries including recruitment agencies must send quarterly reports to HMRC detailing workers that aren’t counted as employees – either because…
Some updates for you all regarding IR35. The rather unpopular Business Entity Tests that were introduced by HMRC are to be scrapped from 5 April 2015 onwards. Hooray! For those of you who didn’t know about the Business Entity Test please note that these were not appropriate and had been campaigned against by various groups…
The Autumn Statement will be delivered by the Chancellor on 3rd December 2014. The Chancellor uses the Autumn Statement to update the public on government plans for the economy. However, with a general election next year, this Statement will be more focussed on delivering messages from the Conservative Party manifesto. Any important updates will be…
Welcome to the new website for Banner & Associates. This is the beginning for many new changes for our firm.