Payroll Archives | Hawsons Chartered Accountants

National Living Wage to increase to £10.50 within five years

by Hawsons | Oct 3, 2019 | Corporate Tax, Payroll, Personal Tax, Stephen Charles, Tax

Conservative Chancellor Sajid Javid announced at the Conservative party conference that he would raise the National Living Wage to £10.50 within five years. The current amount for over 25s is £8.21, but the Living Wage Foundation believe that it should already be £9...

Tax Rates 2019/2020

by Hawsons | Mar 29, 2019 | Auto Enrolment, Brexit, Corporate Finance, Corporate Tax, Exit Planning, Hawsons, Payroll, Pensions, Personal Tax, SME, SME Tax Corner, Tax, VAT, Wealth Management

We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As the UK...

Minimum wage: 200,000 workers underpaid

by Hawsons | Oct 8, 2018 | Payroll

200,000 workers who were paid less than the minimum wage have been identified following a record government clampdown There was £15.6 million of underpayments identified for more than 200,000 workers which resulted in employers being fined an unprecedented £14 million...

200,000 receive back pay as HMRC enforce National Minimum Wage

by Hawsons | Jun 15, 2018 | Payroll, Scott Sanderson, SME, Tax

BEIS and HMRC are urging underpaid workers to complain about National Minimum Wage (NMW) and National Living Wage (NLW) underpayments. Recent figures show that the number of workers receiving the money they are owed has doubled. During 2017/18, HMRC investigators...

The Election result: What are the tax implications?

by Hawsons | Jun 9, 2017 | Agriculture, Care Homes, Charities, Corporate Tax, Craig Walker, Dental, Engineering, Family Business, GPs, Healthcare, IT and Technology, Legal, Leisure & Hospitality, Making Tax Digital, Manufacturing, Payroll, Pensions, Personal Tax, Pharmacy, Property & Construction, Retail, SME, SME Tax Corner, Solicitors, Tax, Transport & Logistics

The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the Democratic Unionist Party (DUP). What does this...

National living wage – rising wage costs for employers

by Hawsons | Mar 31, 2017 | Agriculture, Business Services, Care Homes, Corporate Tax, Family Business, Leisure & Hospitality, Payroll, Retail, Scott Sanderson, SME, Tax

The National Living Wage From 1 April 2016, following the introduction of the new National Living Wage, all workers aged 25 and over are legally entitled to at least £7.20 per hour. This was, however, until the Chancellor delivered his Autumn Statement, where he...