Update on Automatic Enrolment

More than one million employers have now put around 9.3 million staff on the path to saving for their retirement. The landmark shows how far we have come since the start of automatic enrolment. However we are not complacent and now look to the challenges ahead so the roll out continues to be a success and more people benefit. Next

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Self-study tips

Self-study is a study option which is growing in popularity.  It offers learners flexibility as it gives them the opportunity to study at a place of their own choosing, to set the pace at which they study, and is often a cheaper method of study than classroom based or distance learning. Of course, if you should choose self-study you are

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Government Rent-a-Room Scheme

The government Rent-a-Room Scheme is available for owner occupiers and tenants. You can rent out a room in the property you live in and receive income of £7,500 in a tax year free of tax. The limit is based on the property not on the number of rooms you rent out or the number of owner occupiers or tenants. The

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Trust and Company Service Provider Register Q&A

Following the implementation of the Money Laundering Regulations 2017 there is a requirement for the details of all UK businesses that act as Trust and Company Service Providers (TCSPs) to be held on a register. HMRC will be hosting the register for TCSPs supervised by professional bodies, including IAB members, as well as the TCSPs that it supervises. Below is

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Automatic enrolment: April 2018 contributions increases

Article by The Pensions Regulator As you’ll no doubt already be aware, this April will see the start of increased pensions contributions for employers and their staff.  The total minimum contribution will rise from 2% to 5% and then to 8% in April next year. Increasing minimum contributions should be a straight forward task for your clients to do but

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SARs – what do bookkeepers need to know?

For busy professionals with many competing priorities, due diligence may not always be at the top of the list.  However, it is a fact that serious and organised criminals target professionals within the accountancy sector to facilitate money laundering.  More than £90 billion could be laundered through the UK annually.  The Flag It Up campaign, developed by the Home Office,

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Is your model broken?

Bookkeepers and accountants are two of only a small number of professions still stuck with the broken model of charging by the hour. Before you take offence at my comment, let me explain why I think the model is broken, and how we can learn from other sectors. If we go back 10 years, almost every bookkeeper and accountant was

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Pitfalls of payroll

Payroll is becoming an increasingly complex process.   Unless your business has no choice as regards whether or not it should manage its payroll ‘in-house’, consideration should be given and a decision made as regards potentially outsourcing this important function. Fundamental to making such a decision is not only the increasing complexity and associated risks of getting things wrong, but the

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The Payroll Administrator Apprenticeship

Whilst they have always been a route into a career or used for career changes, apprenticeships have achieved higher profile in recent months and years. History 2014 Probably, we have to look all the way back to the Government’s 2014 Autumn Statement pledge to create up to 3 million more apprentices by 2020.  At this point, it is worth mentioning

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