Industry News

The Queen’s Speech 2022

The start of a new UK Parliamentary year is marked by the State Opening, part of which includes the Queen’s Speech.  From the Throne in the House of Lords, Her Majesty reads the speech which has been written for Her by the UK Government.  This details the UK Government’s policies and the proposed legislative agenda…

Read More...

Spring Statement 2022

On 24 February 2022, Chancellor of the Exchequer Rishi Sunak delivered the annual Mais lecture at Bayes Business School.  His long-term economic vision was, perhaps, demonstrated by these quotes: ‘I firmly believe in lower taxes’. This was said 6 weeks ahead of a large tax increase in 2022/23 when National insurance Contributions percentage points increase…

Read More...

Finding the right business transformation partner

6 questions that will help you find the right business transformation partner  People make change happen. Or more importantly, the right people.  One of the barriers to starting a business transformation can be the associated risk.  And the first risk, is choosing the wrong people to help you make it happen.  For some clients we’re…

Read More...

Which Tax Code should I use? 2022/23

This document should be used by employers for new employees in the 2022/23 tax year.  It covers the situations where: An employee starts with an ‘in date’ P45 and An employee starts without an ‘in date’ P45 or does not have a P45 at all An ‘in date’ P45 refers to a P45 with a…

Read More...

Seven reasons why specialists succeed where big players struggle

Does “boutique consultancy” mean small and risky or can they really outperform the big 4?  We’ve all heard the phrase “No one got fired for hiring IBM!”.  It’s also used in the consulting world and implies that bigger consultancies are only hired by executives to protect their own reputation.  Of course, this is simply not true – the ‘Big 4’ or the ‘Top 3’ are labelled as such…

Read More...

The Basic Earnings Assessment – Tax Year 2022/23

It used to be so simple when Employer-Supported Childcare (ESC) arrangements such as the Childcare Voucher was a straightforward £55 per week (£243 per month / £2,915 per annum) for all employees.  Then, the Finance Act 2011 confirmed that Income Tax (and National Insurance) relief would be restricted for high earners to ensure they only…

Read More...

UK Budget Analysis – November 2021

As we have become accustomed to, the weekend before a Budget statement was awash with leaks and inside information. House of Commons Speaker Lindsay Hoyle reprimanded Members of Parliament (MPs) saying that in years gone by, MPs would ‘walk’ for this kind of activity. This was a reference to Hugh Dalton who, as Chancellor of…

Read More...

The Health and Social Care Levy

In every fairness to the Conservative Party (forming the UK Government), at the time of their December 2019 Manifesto, nobody had heard of COVID-19, let alone the terms self-isolation and furlough.  Therefore, it was probably safe to make the pledge: ‘We will not raise the rate of income tax, VAT or National Insurance’ Yet, 07…

Read More...

Recruiter turns Retainer?

Payroll is an essential part of any business operation and a happy workforce generally performs better (and most of us do it for the money if we are honest). So, being paid correctly and on time is one of the factors of this. Yet, as we hopefully come to an end of the restrictions and…

Read More...

UK Budget Analysis – March 2021

When Rishi Sunak, Chancellor of the Exchequer, left No 11 Downing Street at 10.45 on 03 March 2021, he held his Ministerial red box forwards for the waiting photographers. Yet, it was a different picture this year as he was not surrounded by members of his team. This visual sign of the pandemic was more…

Read More...

The Basic Earnings Assessment – Tax Year 2021/22

The Basic Earnings Assessment used to be simple when Employer-Supported Childcare (ESC) arrangements such as the Childcare Voucher was a straightforward £55 per week (£243 per month / £2,915 per annum) for all employees.  Then, the Finance Act 2011 confirmed that Income Tax (and National Insurance) relief would be restricted for high earners to ensure…

Read More...

Which Tax Code should I use? 2021/22

This document should be used by employers for new employees in the 2021/22 tax year.  It covers the situations where: An employee starts with an ‘in date’ P45 and An employee starts without an ‘in date’ P45 or does not have a P45 at all An ‘in date’ P45 refers to a P45 with a…

Read More...