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 2016

HERE 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

For more information detailed click here

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 1^st 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 1^st 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

You can find out more by clicking here – there are sections for Workers and Employers to find out who is eligible.

Creating and Presenting a Business Plan – Training Day

In the current economic climate, business planning is essential to all voluntary groups

Wednesday 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 more

The 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

You can find out more by clicking here – there are sections for Workers and Employers to find out who is eligible.

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.

You can calculate your redundancy pay here

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.

Click here to book your place

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!!