April 2025 sees the important introduction of Neonatal Care Leave. These new rules aim to better support families with babies who need special care after birth. So what is changing, and how might it affect you? What’s changing? More paid leave for parents The biggest change is that from April 2025, parents are entitled to
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National Insurance Numbers Explained National Insurance numbers have been around since 1948, yet they are still a source of confusion for many employees. So here is a simple explanation of what your National Insurance number means. The easiest way to imagine it is that it is like your personal, unique code for working and getting
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The need to make a payment to an employee after you have already issued their P45 is more common than you may think. Perhaps you’ve discovered they’re owed additional overtime, or maybe there’s been a delay in processing their bonus. Whatever the reason, here is how to handle it Using a 0T Tax Code When
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With rising costs, the squeeze on people’s finances, whether you are an employee or self-employed, is certainly biting. So now is the time to look at ways you can save money. Tax savings is one area that people could take advantage of, but many are missing a trick. If you’re working in the UK as
A simple guide to tax-free expenses Read More »
Don’t overlook new holiday pay rules if your annual leave period starts in January In January 2024, changes to the calculation of holiday pay came out of the Working Time Regulation, and case law particularly affected employees working irregular hours with leave years running from 1 April 2024 to 31 March 2025. But what about
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National Insurance Contributions Increase The first Budget of the new Labour Government included a painful, if not unexpected, increase in Employer National Insurance Contributions (NIC) from April 2025. It will affect all businesses, with some sectors with higher proportions of lower-paid staff, such as care and hospitality, being particularly hard hit. The change will be
Surviving the Employers’ National Insurance increase – what can be done to prepare? Read More »
Got a double cab pickup truck? Here’s what you need to know One of the lesser-known but more hard-hitting aspects of the Chancellor’s Autumn Budget is the change to the tax treatment of double cab pickup trucks with a payload of one tonne or more. From April 6, 2025, for income tax, double cab pickups
When is a truck not a truck? When it’s a double cab pickup truck! Read More »
Think you’re treating your team to a well-deserved Christmas celebration? What may be intended as a treat and acknowledgement of your team’s hard work could actually be gifting yourself and your employees an unwanted tax bill! Don’t get caught out by the the Christmas Party Tax Trap. Here’s what every UK business owner needs to
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Why do I need a tronc scheme? The November 2024 Budget brought significant changes that have left many hospitality employers grappling with new costs and worrying about the future. The rise in Employers’ National Insurance Contribution (NIC) from 13.8% to 15% is further compounded by a reduction in the threshold to £5,000, at which point
