Search Results for: employee benefits

We are pleased to announce we are now proud members of Hertfordshire Chamber of Commerce.

Electric cars represent a cleaner, greener way to use everyday transport. But they also offer compelling financial incentives for business and personal purchasers. These benefits include:

Relevant work experience has become an essential part of gaining a graduate job after achieving a degree. Internships allow students to explore a profession that is of interest to them, and allows them to gain valuable and practical experience to add to their CVs. Further to this, it increases the graduate’s chances of getting a job as the employer will already be familiar with them.

There is an increase in individuals falling prey to the taxman as a result of the increasing number of individuals turning to freelancing. An example comes from the BBC where over 100 employees working as freelancers could now be facing tax bills as a result of them not working as direct employees.

The rates for business mileage have not changed since 6 April 2011. Although, believe it or not, the average fuel prices for petrol and diesel have actually come down over that same period!

One in four SMEs are already employing an apprentice, according to a survey by the Federation of Small Businesses.

The use of a salary sacrifice arrangement can be a win-win for both employer and employee. But the government is proposing new restrictions.

In his summer budget on 8 July, the chancellor announced a 7.5% dividend tax with effect from 6 April 2016. This dividend is added to the tax already paid on dividends so if you were previously a basic rate taxpayer, you paid no additional tax on any dividends received. From next April you will pay 7.5% on dividend income over £5,000. The first question you will be asking yourself is ‘should I continue to be drawing dividend or should I be switching to PAYE salary’?

Tis the season to be jolly…and for HM Revenue & Customs (HMRC) to tax your good cheer.