HMRC: Workers underpaid in 47 % of investigated cases
It is 15 years since the National Minimum Wage was first introduced in 1999. It currently stands at £6.31 per hour for adult workers and this is set to increase in October to £6.50. This means that someone working 35 hours per week should be earning £221 per week, or £957 per month, before deductions. … Continue reading HMRC: Workers underpaid in 47 % of investigated cases
WatkinsonBlack advocate the use of ‘cloud accounting’ we endorse this by using Kashflow. What do we mean by ‘cloud’? ‘Cloud’ is an area of the internet where relevant data can be accessed online anytime, anywhere, from any internet connected device meaning small business owners can stay connected to their data and to their accountants. The … Continue reading What is Cloud Accounting?
No doubt you have all heard about Gary Barlow and the other members of Take That who are facing a tax bill of about £20m following HMRC’s success in challenging a “tax avoidance” scheme that they entered into. Basically, the scheme made use of perfectly legitimate tax reliefs that are available on investment in intellectual … Continue reading Take That and a lesson to learn
We pride ourselves on having the expertise to not only help clients with specific matters but also in terms of business development and planning. We have a clear vision and purpose embedded within the ethos of our practice and our mission is to provide a professional and friendly service for our clients and, with succession … Continue reading Who Cares?….Watkinson Black Do!
Company cars – advisory fuel rates from 1 March 2014 If an employer provides a car to an employee then a benefit in kind arises. A further benefit arises if the employer pays for the fuel that is used in the car. However, this second benefit can be avoided if an employer reimburses the employee … Continue reading Fuel Reimbursement For Company Cars