Essential Employer Update 2019

A look at recent developments in payroll practice, employment law and tax.

Going for Growth and Success

For a business to grow successfully, it needs to know where it is now – and where it’s capable of going in the future. And that means not just having the right financial information, but getting it to work for you.

The Innovating Business

The Catapult programme exists to help UK businesses to turn ideas into reality and has so far supported nearly 6,000 small and medium enterprises looking to bring new products and services to market.

Chasing Late Payments

Nearly a quarter of UK businesses report that late payments threaten their survival.

Capital Gains Tax and Your Home

Where a property is someone’s residence for all their ‘period of ownership’, there is no capital gains tax to pay on the sale of a main private residence. But with off-plan purchase, where a property is purchased before it’s built, the position with regard to capital gains tax is proving more contentious.

New Era for Capital Allowances

Budget 2018 brought change to the capital allowances regime, including a two-year increase in the Annual Investment Allowance (AIA).

Change for Charities

Although charity law varies across the UK, charity governance is very much in the spotlight. The Charity Commission for England and Wales (CCEW) recently reported that nearly 40% of small charities – those with annual income below £25,000 – submitted inaccurate financial information.

How to Keep Staff

Keeping staff can be difficult. One recent report found that workers in the UK change employer, on average, every five years – and that millennials could have been through four different jobs by the time they are 31.

IR35 Shake-Up

The Autumn Budget brings change to the ‘off-payroll’ working (IR35) rules from April 2020.