National Minimum Wage 2021

Rishi Sunak announced his budget to the house. There were no less than 63 key updates in this budget, so whilst many people have already posted all the headline points, I thought I would break down in a bit more details every change related directly to payroll.

Payroll Update – Budget 2021

Payroll Budget

Rishi Sunak announced his budget to the house. There were no less than 63 key updates in this budget, so whilst many people have already posted all the headline points, I thought I would break down in a bit more details every change related directly to payroll.

Bounce Back Loan Repayment

If you took a bounce back loan and are struggling with cash flow, you have to read this… Here is how you can potentially save OVER £17,000 over the next two years until you get back on your feet. Say you took out a £50,000 loan, your monthly payments would be £747.93 for 72 months […]

A tougher 3 Tier system will hit England after lockdown!

As England comes out of lockdown in 5 days, a stricter three-tiered system of local restrictions will come into place. According to Downing street, more areas will be set to go into higher tiers to limit the spread of the virus. Some tiers will also be strengthened to safeguard the lockdown progress. Today, the government […]

Rishi Sunak Extends Furlough Until March 2021

Rishi Sunak Extends Furlough Until March 2021 The scheme which helps pay up to 80% of workers’ wages, will now be extended until March 31st 2021. Unfortunately, this does mean the job retention bonus will be put on hold, meaning companies will no longer be able to claim £1,000 per employee until next year if […]

Will you miss out on the £1,000 Job Retention Bonus?

Are you aware of the Job Retention Bonus (JRB) which allows employers like you to earn £1,000 per employee? Did you also know that thousands of companies are simply missing out because 1) they don’t know it exists and2) those who are aware miss out on a technicality. Rest assured we have all the answers. […]

Furlough Extended

HMRC have published full guidance on the Job Support Scheme which was due to come in to force from 1 November, but has been postponed. On Saturday 31 October, on the eve of JSS go live, the Prime Minister, Boris Johnson, announced that there would be another period of lockdown in England, beginning on Thursday […]

Breaking News – Rishi Sunak Update

open businesses which are experiencing considerable difficulty will be given extra help to keep staff on as government significantly increases contribution to wage costs under the Job Support Scheme, and business contributions drop to 5% business grants are expanded to cover businesses in particularly affected sectors in high-alert level areas, helping them stay afloat and […]

The Job Retention Bonus – Are you Eligible?

With the law in the form of a treasury direction being published alongside the HMRC guidance, we can now successfully help you understand whether your company is eligible for the Job Retention Bonus. Employers who are eligible to claim the bonus for employees must keep individuals who are under the CJRS employed until January 31st […]