-
Payroll End of Year Tasks
As the financial year comes to an end on 5th April 2016, it’s time to look at the tasks that employers running a payroll need to complete for Her Majesty’s Revenue and Customs (HMRC). You need to report to HMRC on the previous tax year (which ends on 5 April), give your employees a P60 and prepare for the new tax year, which starts on 6 April 2016HERE ARE THE 5 ESSENTIAL TASKS AND TIMESCALE:
What you need to do When Send your final payroll report of the year On or before your employees’ payday Update employee payroll records From 6 April Update payroll software From 6 April Give your employees a P60 By 31 May Report employee expenses and benefits By 6 July -
Rise in Employment Allowance
GOOD NEWS FOR EMPLOYERS
Businesses will have their employer National Insurance bill cut by another £1,000 from April 2016, as the Employment Allowance rises from £2,000 to £3,000. The Employment Allowance gives businesses and charities a cut in the employer National Insurance they pay.
This means that businesses and charities will be able to employ 4 people full time on the National Living Wage and pay no National Insurance at all.
https://www.gov.uk/government/news/summer-budget-2015-key-announcements
-
Reminder!!! National Living Wage
ARE YOU READY?
In only two weeks’ time, that is on 1st April 2016, the Government’s new National Living Wage will become LAW.
If you’re working and aged 25 or over and not in the first year of an apprenticeship, you’ll be legally entitled to at least £7.20 per hour.
If you’re an employer, you’ll need to make sure you’re paying your staff correctly from 1st April 2016, as the National Living Wage will be enforced as strongly as the current National Minimum Wage – which still applies to those aged under 25
-
Creating and Presenting a Business Plan – Training Day
In the current economic climate, business planning is essential to all voluntary groupsWednesday 16th March 2016
09:30am – 3:30pm
Once again, we present a FULL DAY training session, led by a leading firm of accountants.
This course is FREE to all organisations in the Voluntary Sector, and will cover all aspects of creating a presenting a business plan.
For more information, and to book a place, please send us an email by clicking here
-
Save the Citizens Advice Bureau in Derby
Derby City Council’s cuts to Voluntary Sector Funding were ‘called in’ – challenged – on 1st March 2016 at a meeting at the Council House. The two hour meeting resulted in a decision that the cuts totalling £747,595 were ‘lawful’.
The decision will have a significant impact on many Derby voluntary and community organisations and will leave Derby without a Citizens Advice Bureau, so Derby is to become the only city in the country not to have a Citizens Advice Bureau – if you would like to sign a petition to try and save Derby’s CAB click here -
Excel Spreadsheet Training
Excel Spreadsheet Training – for beginners and for those who want to know moreThe course planned for 9th March 2016 is now FULLY BOOKED
Please contact us here if you would like to book a place on the next course
-
The National Living Wage
On 1st April 2016 the Government’s new National Living Wage will become LAW.
If you’re working and aged 25 or over and not in the first year of an apprenticeship, you’ll be legally entitled to at least £7.20 per hour.
If you’re an employer, you’ll need to make sure you’re paying your staff correctly from 1st April 2016, as the National Living Wage will be enforced as strongly as the current National Minimum Wage – which still applies to those aged under 25
-
Redundancy Pay
Redundancy pay
In these very uncertain times when budgets are tightly stretched, you might be faced with the prospect of being made redundant. You will normally be entitled to statutory redundancy pay if you’re an employee and you’ve been working for your current employer for 2 years or more. You’ll get:
- half a week’s pay for each full year you were under 22
- one week’s pay for each full year you were 22 or older, but under 41
- one and half week’s pay for each full year you were 41 or older
Length of service is capped at 20 years and weekly pay is capped at £475. The maximum amount of statutory redundancy pay is £14,250.
-
Budgeting and Cash Flow Forecasting
Wednesday 24th February 2016, 09:45am – 12:30pm, at the Bosnia-Herzegovina Centre DE1 1LN
This session will show you how to prepare a budget or cash flow forecast, and how it can be used to control the funds. This is an area of increasing importance which all groups need to be able to understand. This training session is a MUST for every organisation, large or small.
-
Training for Management Reporting
Wednesday 2nd March 2016 from 09:45am – 12:30pm
at the Bosnian Centre,
99 Curzon Street, Derby DE1 1LN
Click here to book your place
In this session we will show you how a financial report can be prepared for the management committee. A good finance report can be the difference between a group that flourishes and one that collapses! A case study will show you why!!
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
Derby Community Accountancy Service 