| |
| |
Pensions & enhanced terms and conditions – a guide for employers | |
In this employer's guide we look at pensions auto enrolment for SMEs, and the cost/benefit of enhancing T&Cs, as well as SME trends in this area. This month we ask the Managing Director of JCHR’s Payroll service, Nick Butler, about pensions auto enrolment, and the benefits (vs the costs) of outsourcing monthly pension uploads. Our HR team also look at the costs and benefits of enhancing T&Cs, and SME trends in this area. We’ll start with pensions.
What are the minimum contributions required for employees and employers under the Pensions Auto Enrolment scheme? | |
Employees are required to contribute a minimum of 5% of their pensionable earnings, which must be above £6,240 per annum. Employers must contribute a minimum of 3% of their employees’ pensionable earnings, also above the £6,240 threshold. | | | |
| |
| |
| VAT and the festive spirit | |
| |
Gifts to suppliers or employees When goods are provided free to customers, suppliers or employees as corporate gifts, output tax is only due if the value/cost of the gift exceeds £60 (and the goods are standard rather than zero-rate). If the gift cost less than £60 including VAT, input tax can be claimed on the purchase, but no output tax is due on the “deemed supply” of the onward gift. This monetary limit applies to all gifts to the same person in a 12-month period. | |
| |
| |
HR and payroll outsourcing – a case study | |
JCHR supports a range of businesses from small entities to large SMEs. Our latest case study represents one of our clients which employs over 200 staff within West Berkshire. They recently outsourced their payroll and HR to JCHR, which dramatically reduced their costs and streamlined their processes. Find out more about their experience by clicking on the link below. | | | |
| |
| |
The lessons technology entrepreneurs could offer struggling businesses | |
The number of companies collapsing into insolvency and in critical financial distress is on the rise. Yet directors who act early can often save their business as experiences from the technology sector prove. Sandra Mundy and Sue Staunton explain in more depth in our latest article. | | | |
| |
| |
Personal cash flow forecasting – the key to a secure financial future | |
The number of people aged 100 years or over in the UK has hit a record high and will only continue to rise. Data published by the Office for National Statistics in September 2023 showed there were 13,924 centenarians in 2021, an increase of almost 25% since 2011. | | | |
| |
| |
| |
| |
James Cowper Kreston is a leading firm of accountants and business advisers, with offices across the South of England. We deliver focused, innovative advice to a diverse range of businesses and individuals helping our clients to maximise their potential. If you would like to discuss any of the topics raised within this newsletter please email us on info@jamescowperkreston.co.uk or call us on 01635 35255. James Cowper Kreston | |
| |
The information in this newsletter must not be relied on as giving sufficient advice in any specific case.
| | | |
| |
| |
| |
| |
