Employment Allowance is increasing to £5,000

If you are in receipt of the Employment Allowance the good news is, that it’s increasing from April 2022. The maximum Employment Allowance is currently £4,000 but from April 2022 it will be increasing to £5,000.  Businesses who are eligible for the allowance will be able to claim more against their secondary Class 1 National Insurance liabilities. This means if … Read More

National Living & Minimum Wage rate changes from April 2022

If you are currently paying your employees the National Minimum Wage (applies to those of school leaving age) or the National Living Wage (for people under 23) then you need to be aware of the changes coming into place from 1st April 2022. 23 and over For people aged 23 and over the minimum you can currently pay them per … Read More

Income tax and personal allowance in 2022/2023

If you’re using Sage 50 Payroll or Sage Business Cloud Payroll, the legislation tables and settings in your software will update either automatically or if you install the update. From 8th March 2022 installing this update became mandatory, meaning you can’t access your software until you do the update. In the Spring budget last year it was announced that thresholds … Read More

What makes a good bookkeeper?

Bookkeeping is something all businesses have to do.  Keeping records of all incoming and outgoing transactions, and evidence of payments so that you can file your accounts and/or tax return at the end of the year is essential to your business, it’s not something you can avoid.  Whether you choose to take on your bookkeeping yourself or hire a bookkeeper, … Read More

How to avoid procrastination

Procrastination can be a really frustrating personality trait that can hold you back in life and business, restricting your true potential. To be able to take action and do something about it, first you must recognise you’re doing it. What is procrastination? Some might say that procrastination is laziness, but this simply isn’t the case. Laziness is when you choose … Read More