If you want to avoid completing forms P11D for benefits provided to your employees for 2017/18, you will need to apply to do so before 5 April 2017. Since 6 April 2016, you have had the option to process benefits in kind through the payroll. So long as the relevant tax is collected through the … Continued
Apprenticeship levy approaches Businesses are preparing for the apprenticeship levy which is due to launch on 6 April 2017. Employers with an annual turnover of over £3 million will have to pay a 0.5% levy of their wage bill into apprentices and training for their business. An annual levy allowance of £15,000 will also be … Continued
Pensioners staying in work drives up retirement income The rise in the proportion of pensioners in employment accounts for a quarter of pensioner income growth, according to the Resolution Foundation. Since 2001 average pensioner income has grown so that now a typical pensioner household is £20 a week better off than a typical working household. … Continued
Auto Enrolment – non-compliance risks your credit rating The Pension Regulator has reported that they are beginning to see the first employers receive County Court Judgements (CCJs) for a failure to pay their automatic enrolment fines. This can happen when they persistently ignore the penalty notices sent to them. If they don’t pay the fine … Continued
Small firms pay above minimum pension contribution 37% of small businesses are paying above the 1% legal minimum contribution to an employee’s workplace pension. The People’s Pension survey of 898 business owners that have already passed their staging date found that the majority (70%) said auto-enrolment was beneficial to their staff. 50% said it was … Continued
Financial concerns affecting worker performance A quarter of employees have financial problems that are affecting their performance at work. A CIPD survey of over 1,800 UK employees found that 31% of those aged 18-24 are facing financial concerns that they feel are negatively impacting their ability to do their job effectively. 20% of those earning … Continued
£17 billion extra a year will be saved into workplace pensions as a result of auto-enrolment by 2019/20, according to the Department for Work and Pensions. Estimates show that this figure will be made up of around: £8 billion in employee contributions £6 billion in employer contributions £2 billion of tax relief on employee contributions. … Continued
Parents who earn more are more likely to work flexibly, according to the charity Working Families. 69% of parents who earn more than £70,000 a year work in a flexible way, compared to 47% of those earning between £10,000 and £40,000. More than two thirds (68%) of all working parents said their work interferes with … Continued
EU employees are concerned about their residency status following the EU referendum. A British Chambers of Commerce (BCC) survey of 800 companies who employ EU workers found that 41% of businesses say their EU staff are worried. Further findings: 5% have seen members of staff resign 10% have seen their employees express an intention to … Continued
This article outlines some of the different ways employers can reward their staff and the tax implications of each approach. Seemingly as quickly as it came, another year is galloping off into the distance and people’s minds are beginning to turn to the festive holidays. Employers will want to show their staff that the year’s … Continued
🎅🏻BWM Christmas opening hours🎅🏻
🎄The BWM office will be closed over the Christmas period from close of business on Friday 22 December 2023 at 12pm until 9am on Tuesday 2 January 2024. 🎄
The Easter Bunny has come early!🐣Chocolate inspired pay day treat for all our lovely staff 🍫 🐇
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Tempest Suite 5.1, 12 Tithebarn Street,
Liverpool, L2 2DT
Phone: 0151 236 1494
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