Auto-Enrolment Pension Changes. Listed Buildings and VAT. Changes to Payroll. Corporate Partner Structure When You ve Already Incorporated

Size: px
Start display at page:

Download "Auto-Enrolment Pension Changes. Listed Buildings and VAT. Changes to Payroll. Corporate Partner Structure When You ve Already Incorporated"

Transcription

1 Armstrong Watson s specialist publication for the legal profession Autumn 2012 Listed Buildings and VAT Could changes from the Budget spell disaster for repairs? Changes to Payroll Measurable benefits for every member of staff Corporate Partner Structure When You ve Already Incorporated This flexible structure can be extremely efficient for tax planning even if you ve already become a limited company Auto-Enrolment Pension Changes Think it s just more admin? Think again!

2 Welcome to the third edition of The LAW, the specialist publication for the legal profession from the legal sector team at Armstrong Watson. Specialists are available from all 14 of our offices to provide pro-active support and advice to lawyers in compliance and business improvement matters. This publication is designed to allow us to share our collective experience in acting for lawyers throughout the UK. We welcome any thoughts, feedback or suggestions that you may have on this publication, or on our legal sector services and team. If you would like any further information on the issues raised within The LAW, or if you would like to work with us, please contact me on or me at I also keep our law firm clients up to date with more immediate developments in the legal profession via Twitter. If you would like to follow me, I One recent development is that Google Ventures backed US venture Rocket Lawyer is now recruiting UK law firms contact me for the details! In this edition: One Year On Andy Poole, Legal Sector Director, has now been with Armstrong Watson for over a year, and celebrates with a recap on some of the work we ve done in the legal sector in the last 12 months andy.poole@armstrongwatson.co.uk Pensions - Auto Enrolment Changes Nathan Glaister, Financial Planning Consultant, has a rude awakening for those expecting auto-enrolment to be simply additional administration nathan.glaister@armstrongwatson.co.uk Listed Buildings and VAT Val Vince, VAT Consultant, covers how changes in this year s Budget could affect those wishing to alter or repair listed buildings val.vince@armstrongwatson.co.uk Andy Poole Legal Sector Director How We Help Law Firms Strategy Planning Workshops Business Plans Benchmarking Trading Structure Reviews Mergers & Acquisitions of Law Firms Law Firm Valuations Forecasts Raising Finance Lock-up Reviews Partnership Disputes Pro-active Tax Planning Tax Compliance Audits Accounts Rules Reporting Accounts Rules Training Call to be connected to your local office, or visit The Corporate Partner Structure When You ve Already Incorporated Helen Thornley, Tax Consultant, presents a case for considering the Corporate Partner Structure even if you ve already become a limited company helen.thornley@armstrongwatson.co.uk Forthcoming Payroll Changes Brian Stenhouse, Director, Group Payroll Services, explains how modern HR software can deliver tangible benefits for every member of staff brian.stenhouse@armstrongwatson.co.uk Armstrong Watson is registered to carry on audit work by the Institute of Chartered Accountants in England and Wales. Registerd office: 15 Victoria Place, Carlisle CA1 1EW This newsletter is a general guide to issues facing the legal sector. It is not a substitute for professional advice which takes account of your specific circumstances. Subjects covered change constantly and develop. No responsibility can be accepted by the firm or the authors for any loss occasioned by any person acting or refraining from acting on the basis of this publication.

3 One Year On By Andy Poole, Legal Sector Director It is now just a little over a year since I joined Armstrong Watson to head our national specialism in the legal sector. What a year that has been for lawyers; I don t think there could ever have been a period of greater change in any industry. I thought it would be useful to have a recap on some of the things that we ve done to support lawyers during that period: 140 lawyers attending two seminars in Leeds and Sheffield in November 2011 where I presented alongside Stephen Mayson and Stuart Bushell on the impact of the Legal Services Act Full day compliance masterclass events in Leeds and Carlisle in September 2011 on Outcomes Focused Regulation and changes to the SRA Accounts Rules Breakfast briefings for lawyers in Leeds in March and June 2012 entitled Increasing Fee Income Through Service and The Commercial Benefits of Maintaining a Risk Aware Culture Breakfast briefings for lawyers in Carlisle in March and June 2012 called It s A Brand New Brand, You Digital Legal World and From Market-Taker to Market-Maker Legal sector update event in Dumfries in May 2012 covering specific developments in the profession and responses to the Legal Services Act that we are seeing in practice Numerous training courses on the new SRA Accounts Rules and appropriate trading structures for lawyers Webinar on law firms preparing business plans This is, of course, in addition to helping to improve individual law firm businesses directly. Please do let me know if you would like to benefit from our support we re always looking to assist law firms wherever we can.

4 Pensions - Auto-Enrolment Changes By Nathan Glaister, Financial Planning Consultant From October 2012 the process commences whereby employees start to be automatically enrolled in a pension scheme by their employer. Ultimately this is likely to affect up to 10 million employees and every employer, no matter how small, will have to implement a staff pension scheme or face tough penalties for non-compliance. Auto-enrolment will see many law firms provide a pension scheme to all their employees for the first time. Every employer, no matter how small, will have to implement a staff pension scheme or face tough penalties According to research by the Chartered Institute of Personnel and Development, less than one-third of small businesses know their Staging Date. This is the date (between 2012 and 2014) by which employers must have an appropriate scheme in place and after which hefty penalties may be applied for failure to do so. An immediate fixed penalty of 400 is followed by escalating sanctions, ranging from fines of 10,000 a day for firms with over 500 staff, to 50 a day for those with four staff or fewer. The penalty for persistent non-compliance can be up to two years in prison, while prohibited recruitment conduct, such as trying to persuade staff to opt out, will also carry fixed penalties. Those employers who expect auto-enrolment to involve nothing more than additional administration are in for a rude awakening, as the legislation is somewhat complex and has wide ranging implications. Some fundamental points are: Auto-enrolment covers all employees aged 22 or over or, if younger, those earning more than 8,105 a year who are not already enrolled in a qualifying scheme. After some initial phasing-in of contributions, from October 2018 onwards minimum contributions will be 8% of banded earnings, comprising 5% from the employee (4% plus 1% from the Government in tax relief) plus 3% from the employer. This change will not only affect employers setting up pension schemes for the first time, but potentially the contributions employers make to existing pension schemes, as these may have to be increased once the new earnings limits are factored in. Establishing what counts as salary for the purposes of auto-enrolment is also complex. Qualifying earnings include not just basic salary, but a number of variable payments, such as bonuses, overtime, commission, shift allowances and some statutory payments, including maternity pay. Employers may also decide to choose a different definition of what is constituted as salary, as different minimum percentages are payable by employers depending on which definition is chosen. The method by which staff are remunerated may subsequently need to be reviewed and this may also have implications as far as existing contracts of employment are concerned. This change will not only affect employers setting up pension schemes for the first time, but potentially the contributions employers make to existing pension schemes

5 In addition to the financial implications, employers also need to consider the administrative burden of auto-enrolment and should consider what tools their chosen pension provider offers to help them not only manage their employee pensions, but to comply with the reporting requirements. The significance of this should not be underestimated, as every new employee triggers a new enrolment. In addition, any employees who opt out must be offered re-enrolment every three years. To avoid problems in this regard, providers are engineering their administration systems to ensure that this critical data is captured and to inform the employer when relevant employees need to be re-enrolled. Those employers who expect auto-enrolment to involve nothing more than additional administration are in for a rude awakening The introduction of this complex new legislation and then figuring out how to comply with it is likely to be a big challenge for many employers, especially those smaller organisations without in-house HR expertise. The good news is that all of the major pension providers and employee benefits consultancies, as well as the National Employment Savings Trust (NEST), the Government s default scheme, have created modelling tools which will help employers work out what the impacts of the legislation will be, along with ongoing requirements. Employers who already offer a pension to some of their staff will need to consider if it should be rolled out to all employees, or whether an alternative option, such as NEST, will be more appropriate. The UK s largest pension providers are aggressively competing in an effort to attract employers on the back of auto-enrolment. This means there are numerous propositions on the market offering ever more extensive fund choices and functionality. NEST itself offers a low cost arrangement, but is (currently) restricted to just five fund options. Offering a decent pension is proven to be a sound business move Offering a decent pension is proven to be a sound business move. There are considerable advantages to firms in terms of staff retention and motivation in providing a good pension scheme, which research consistently shows to be the most valued employee benefit, a finding confirmed most recently in surveys by Aegon/Edinburgh Business School. I strongly recommend that employers start thinking carefully about their strategy Auto-enrolment will bring compulsion to pension contributions which did not previously exist along with a number of potential headaches for employers. I strongly recommend that employers start thinking carefully about their strategy well in advance of their staging date, details of which can be found via The Pensions Regulator website Armstrong Watson is well placed to assist businesses of all sizes with their transition to auto-enrolment. Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Services Authority. Firm reference number Registered as a limited company in England and Wales No Registered office: 15 Victoria Place, Carlisle CA1 1EW Investment values can fall as well as rise and you may get back less than you invest. Past performance is not a reliable indicator of future results. Listed Buildings and VAT By Val Vince, VAT Consultant Changes announced in this year s budget mean that any contracts entered into from 1 October 2012 in respect of alterations of, or repairs to, listed buildings will be standard rated for the purposes of VAT. Previously alterations which both required and received planning consent could be zero rated. Services provided on contracts in existence at 21 March 2012 can continue to be zero rated Services provided on contracts in existence at 21 March 2012 can continue to be zero rated until 20 March Any contracts entered into between 21 March 2012 and 30 September 2012 can be zero rated up to 30 September 2012 after which standard rating applies, so contracts may need to be apportioned. Anti forestalling provisions have been put into place to prevent contracts being entered into prior to 30 September 2012 for which services will not be provided until after that date.

6 The Corporate Partner Structure When You ve Already Incorporated By Helen Thornley, Tax Consultant Are you practising as a limited company? Do you have clients that trade as a limited company, perhaps with property held outside the company? If so, this article may be of interest to you or your clients. We have in the past written about a tax efficient structure for partnerships where a company is introduced into the partnership the Corporate Partner Structure. This is a flexible structure that, like incorporation, can be extremely efficient for Income Tax and National Insurance. However, it is also very efficient for Inheritance Tax. This is because property used by a trading partnership and owned by the partnership should be eligible for 100% Business Property Relief (BPR) after two years of ownership. By contrast, limited companies are not as flexible for changes in partners or changes in profit sharing ratios. Also, where a business is incorporated and the main trading premises are outside the company then, at best, only 50% BPR would be available to the owners estates. This is assuming that the property owners also hold a controlling interest in the company. If they don t have control of the company, they will receive no BPR at all. By transferring the trade to a new partnership and introducing the premises as a partnership asset, the property should qualify for 100% BPR The solution to this IHT and inflexibility problem is to restructure into a partnership or LLP, with the existing company used as a corporate partner. By transferring the trade to a new partnership and introducing the premises as a partnership asset, the property should qualify for 100% BPR after two years (and potentially sooner). The inflexibility issues are reduced and the original company can be retained and used as a corporate partner in the new partnership, so that the individual partners can still take advantage of the lower rate of Corporation Tax compared to Income Tax and National Insurance. The end result is the same as for the Corporate Partner Structure a partnership with a company in it as a partner. The difference is that instead of taking a partnership and adding a company, we start with a company and form a partnership. For those with concerns over limited liability, the planning can be carried out using a Limited Liability Partnership (LLP) so that partners liabilities can be restricted. In a recent case the property was a 2m pub/hotel held outside the trading company...following a restructure they should both qualify for 100% BPR We have implemented this restructuring for a number of clients. In a recent case the property was a 2m pub/hotel held outside the trading company. Held jointly in equal shares by separate owners neither would have received any BPR in their estate on the building as neither had overall control of the company operating from the premises. Following a restructure they should both qualify for 100% BPR after two years. The alternative would have been to transfer the property into the company simple planning that would have come with a very large and unappealing Stamp Duty Land Tax bill. The planning works equally well for professional practices.

7 Forthcoming Payroll Changes By Brian Stenhouse, Director, Group Payroll Services From April 2013, the biggest shake up of the PAYE system since its initial introduction will take place, when almost every business operating a PAYE scheme will be expected to submit payroll information to HMRC under the new Real Time Information system (RTI). This will require a data file containing full payment, year to date, leaver and starter details to HMRC on or immediately before each pay date for all employees. Failure to comply will result in non-compliance and will incur penalties. As Nathan Glaister explains in his article, pension changes will be taking place in the coming years with the introduction of Auto-Enrolment. In relation to pensions, it may be worth considering a Salary Exchange to Pension facility, which, depending on the number of employees and the salaries involved, can provide the employee with an increase in net pay and National Insurance savings to the employer. Given the forthcoming changes, now is the time to review your payroll processing requirements, and consider the time spent on payroll processing, ensuring that the payroll is fully compliant, and having to meet not only the pay date schedule, but also the RTI deadlines and PAYE payment deadlines. It is worth noting here that under RTI, HMRC will know exactly how much PAYE is due for each pay period so it will be important to pay the correct amount on time if you are to avoid penalties. While solicitors have been effectively using case management software for many years...few have yet to realise and exploit the advantages similar software can offer law firms for their internal HR requirements With the electronic age of payroll processing, the efficiency of the payroll software used is paramount to reducing the amount of time you spend on the payroll and its accuracy. The time spent by you translates into a cost to your business. There is a wide range of options available to you, from in-house packages, internet solutions, and fully outsourced options. Here at Armstrong Watson, we have put together a full range of options under our Flow service. This includes in-house, internet and outsourced options tailored to individual requirements. All services are designed to be as efficient as possible, and in addition there are options for electronic payslips and reports, all of which help to considerably reduce the time that you spend on your payroll administration. Qualified Payroll Administrators are also on hand to provide advice and guidance on all aspects of the payroll process. Bridging the HR information gap the real benefits of modern HR software lies in the ability to deliver tangible and measurable time saving benefits...for each and every member of staff continued overleaf

8 Continued from overleaf While solicitors have been effectively using case management software for many years and fully understand its benefits, few have yet to realise and exploit the advantages similar software can offer law firms for their internal Human Resources (HR) requirements. While such systems can be important in terms of better compliance with the latest standards and legislation, the real benefits of modern HR software lies in the ability to deliver tangible and measurable time saving benefits, not just for HR personnel, but for each and every member of staff. Time is money and this statement has always been true for those working in the legal profession. The divide that once existed between solicitor and client has all but disappeared and, these days, clients are ever more demanding on time; so applying the tried and tested case management system logic to HR procedures makes a lot of sense. HR software can deliver a competitive edge by freeing up time for quality client or new business development efforts Clients are much better educated and savvy when purchasing legal services and while this is great news, it does make the environment in which solicitors must work more challenging than ever and this is where HR software can deliver a competitive edge by freeing up time for quality client or new business development efforts. HR tasks performed the old fashioned way can be unproductive and time consuming; from authorising a holiday to organising and performing return to work interviews after staff absences all of these can be speeded up considerably with the help of HR staff management software that puts the practice in control of HR matters, rather than reacting to what is happening with particular employees on a day-to-day basis. Taking advantage of management software is...right for clients and it s the right thing for law firms too Technology has progressed in leaps and bounds and few could now imagine life without , the internet and the many software systems we already take for granted. By automating some of the most mundane and common tasks in HR, time savings of up to an incredible 75% can be easily achieved, allowing staff at all levels the time to concentrate on more fruitful and profitable tasks. Taking advantage of management software is a must for most people. It s right for clients and it s the right thing for law firms too. Some have already taken advantage of what such HR management software can do for their firm s efficiency, development and competitive edge and it will not be long before these types of technology become as widely used as say . Armstrong Watson has teamed up with leading Cloud software provider Chorus HR to provide the latest HR technology for our clients and to develop integration with their payroll software solutions in an extremely cost effective way. Andrew Sherwin of Chorus HR, comments: Everything from staff management, development, reporting, holidays, overtime and even expenses can all be tracked and integrated within the most innovative HR systems, making previously disparate manual and time consuming tasks become quicker and easier, enabling you to compile all of this information at the press of a button. What this means in practice is reduced paperwork, more control of your HR systems and procedures, reduced stress and reduced opportunities for error and HR non-compliance. Such systems are perfect for the growing legal practice as they are the more established firms, and can be a key ingredient in managing costs, reducing risk and driving company growth Armstrong Watson continues to develop Payroll and HR services to meet ever changing legislation and to provide clients with the best cost effective solutions, tailor made to meet individual client requirements.

MANAGING EMPLOYEE RISKS FOCUSING ON PENSION REFORM

MANAGING EMPLOYEE RISKS FOCUSING ON PENSION REFORM MANAGING EMPLOYEE RISKS FOCUSING ON PENSION REFORM The Countdown to 2012... AUto enrolment Employers are counting down to the biggest change to UK pensions since the State Pension was introduced. The Pensions

More information

Payroll and Auto- Enrolment services

Payroll and Auto- Enrolment services Payroll Payroll and Auto- Enrolment services A guide for clients Payroll Services Payroll We provide an affordable, efficient & accurate payroll service to clients, handling your weekly or monthly payroll

More information

A guide to outsourcing your payroll

A guide to outsourcing your payroll A guide to outsourcing your payroll A step in the right direction Hawsons Chartered Accountants www.hawsons.co.uk Hawsons is a member of International. A world-wide network of independent accounting firms

More information

7 top tips for streamlining your payroll processes

7 top tips for streamlining your payroll processes 7 top tips for streamlining your payroll processes Here s what we re going to cover: Timesheets Payroll documents Holiday absence Statutory payments Overtime & bonuses Auto-enrolment Reporting Timesheets

More information

payroll services BUSINESS SERVICES AND ACCOUNTING

payroll services BUSINESS SERVICES AND ACCOUNTING payroll services BUSINESS SERVICES AND ACCOUNTING payroll services How effective is the operation of your payroll? Are you up to date on your regulatory requirements? BDO s Payroll Team helps clients negotiate

More information

SCHEME AND SERVICE INFORMATION

SCHEME AND SERVICE INFORMATION SCHEME AND SERVICE INFORMATION 0808 1001613 www.fsbworkplacepensions.co.uk 1 Workplace Pensions are coming Workplace Pensions is the government initiative to increase private retirement savings. Auto enrolment

More information

Review your service. The Health Insurance Group. Johnson Fleming. Receive the best from your adviser. in partnership with

Review your service. The Health Insurance Group. Johnson Fleming. Receive the best from your adviser. in partnership with Review your service Receive the best from your adviser in partnership with Johnson Fleming Group Pensions Group Risk and Healthcare Service Provision The Health Insurance Group UK & International Healthcare

More information

Prepare for Automatic Enrolment

Prepare for Automatic Enrolment Section title Sage 50 Payroll: Auto Enrolment Edition and The Pensions Module Prepare for Automatic Enrolment From your Accountant 1 What is Sage 50 Payroll? New Sage 50 Payroll: Auto Enrolment Edition

More information

PENSIONS IN THE WORKPLACE: AUTO-ENROLMENT

PENSIONS IN THE WORKPLACE: AUTO-ENROLMENT PENSIONS IN THE WORKPLACE: AUTO-ENROLMENT A Guide for Employers INDEX 1. Introduction to automatic enrolment 03 2. When does it come into effect? 04 3. Who does it apply to? 05 4. Earnings 06 5. What if

More information

Weathering the payroll storm

Weathering the payroll storm Weathering the payroll storm More and more businesses are finding managing their payroll and staying compliant with ever-changing legislation frustrating, expensive and time-consuming. Yet, ensuring your

More information

AUTO-ENROLMENT PAYROLL GUIDE FOR EMPLOYERS. Pension reform data exchange guide

AUTO-ENROLMENT PAYROLL GUIDE FOR EMPLOYERS. Pension reform data exchange guide AUTO-ENROLMENT PAYROLL GUIDE FOR EMPLOYERS Pension reform data exchange guide Data makes auto-enrolment run smoothly Employers have a number of duties as part of auto-enrolment including assessment of

More information

Automatic enrolment: guidance on certifying money purchase pension schemes

Automatic enrolment: guidance on certifying money purchase pension schemes Automatic enrolment: guidance on certifying money purchase pension schemes April 2014 Contents 1. Background...4 1.1 Automatic enrolment: the employer duty...4 2. Purpose of this guidance...5 2.1 Relevant

More information

Empowering you to outperform

Empowering you to outperform HR Outsourcing Empowering you to outperform Sharing HR expertise and helping you to do what you do best. Contents 4 Award-Winning HR Services Who are we? 6 Why outsource your HR and payroll? Add real value

More information

I haven t got time for a complicated payroll system

I haven t got time for a complicated payroll system Payroll Services powered by Moorepay I haven t got time for a complicated payroll system Let us take the payroll headache away and ensure your employees are paid accurately, on time. What s in the service?

More information

I haven t got time for a complicated payroll system

I haven t got time for a complicated payroll system Payroll Services powered by Moorepay I haven t got time for a complicated payroll system Let us take the payroll headache away and ensure your employees are paid accurately, on time. What s in the service?

More information

Auto-enrolment a practical guide

Auto-enrolment a practical guide Auto-enrolment a practical guide November 2012 We won t let it creep up on you Auto-enrolment means that millions of workers will be saving in a workplace pension for the first time The requirement to

More information

The Importance of Auto Enrolment

The Importance of Auto Enrolment autolite AutoLite has been created with one objective to provide a complete solution to employers with their duties and obligations under the Pension Automatic Enrolment rules... 2 About us At IFS we combine

More information

Helping small businesses with Real Time Information. age One. ayroll

Helping small businesses with Real Time Information. age One. ayroll Helping small businesses with Real Time Information age One ayroll Is your business completing RTI submissions? Are you RTI ready? Sage One is here to help you Understanding PAYE Real Time Information

More information

Running a payroll. A guide for clients

Running a payroll. A guide for clients 2014 Running a payroll A guide for clients This guide looks at some of the common payroll problems and choosing payroll software. Running payroll is one of the less glamorous aspects of being an employer.

More information

trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned.

trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned. about us trust When you choose an accountant, you need someone you can trust. This trust does not come from a job title - it needs to be earned. At Duncan & Toplis we understand this and our clients trust

More information

Sage 50 Payroll. New. Payroll software for small to medium sized businesses who need complete control and confidence in their payroll process.

Sage 50 Payroll. New. Payroll software for small to medium sized businesses who need complete control and confidence in their payroll process. New Payroll software for small to medium sized businesses who need complete control and confidence in their payroll process. 1 What is Sage 50 Payroll? Sage 50 Payroll provides you with the confidence

More information

We make life less taxing for you. HANS ACCOUNTING LTD. Company Brochure. www.hansaccounting.com

We make life less taxing for you. HANS ACCOUNTING LTD. Company Brochure. www.hansaccounting.com We make life less taxing for you. HANS ACCOUNTING LTD. Company Brochure www.hansaccounting.com Hans Accounting Ltd. Company Introduction Based in the Stanmore Middlesex, we serve a diverse client base

More information

Intelligent HR and payroll solutions. Making complex things simple

Intelligent HR and payroll solutions. Making complex things simple Intelligent HR and payroll solutions Making complex things simple The experience to meet today s HR and payroll challenges with tomorrow s technology. Equiniti is an HR and payroll solutions provider with

More information

0845 345 3300 tellmemore@theaccessgroup.com www.theaccessgroup.com. HR, talent management and payroll

0845 345 3300 tellmemore@theaccessgroup.com www.theaccessgroup.com. HR, talent management and payroll 0845 345 3300 tellmemore@theaccessgroup.com www.theaccessgroup.com HR, talent management and payroll Welcome to Access We are here to give you the advice, tools and clarity you need to make effective HR

More information

Employers guide to auto enrolment and NEST. How NEST can help you meet your new employer duties

Employers guide to auto enrolment and NEST. How NEST can help you meet your new employer duties Employers guide to auto enrolment and NEST How NEST can help you meet your new employer duties Auto enrolment is the biggest change to pensions provision in the UK for generations. NEST will play a key

More information

The UK s original and leading nanny payroll specialist

The UK s original and leading nanny payroll specialist patient and supremely Friendly, The UK s original and leading nanny payroll specialist Welcome to Nannytax Nanny employers are subject to the same legal obligations as any time and is in any case a considerable

More information

efficient, phenomenal, meticulous

efficient, phenomenal, meticulous efficient, phenomenal, meticulous are just some of the words used to describe us! As a fully compliant Outsourced Payroll Provider, epayme offers a comprehensive range of payroll and accounting services

More information

Owner managed businesses: Bringing your corporate and personal goals to life

Owner managed businesses: Bringing your corporate and personal goals to life Owner managed businesses: Bringing your corporate and personal goals to life Owner managed businesses PRECISE. PROVEN. PERFORMANCE. Bringing your corporate and personal goals to life Dynamic. Ambitious.

More information

Specialist payroll outsourcing Specialist payroll outsourcing. How to get the best from a Payroll Services Provider

Specialist payroll outsourcing Specialist payroll outsourcing. How to get the best from a Payroll Services Provider Specialist payroll outsourcing Specialist payroll outsourcing How to get the best from a Payroll Services Provider Content Title Page Introduction 3 Payroll Expertise 4 Approaching Payroll Outsourcing

More information

Guide for Small Businesses to Pension Auto Enrolment

Guide for Small Businesses to Pension Auto Enrolment Guide for Small Businesses to Pension Auto Enrolment About Business First Network Business First Network is a nation-wide organisation. Our primary purpose is to help our business Members gain fast, immediate

More information

IRIS Managed Payroll Service

IRIS Managed Payroll Service IRIS Managed Payroll Service Friendly, reliable, efficient For further information please call the IRIS team on 0844 815 5677 or email earniesales@iris.co.uk About IRIS Managed Payroll Service IRIS have

More information

Payroll & HR solution

Payroll & HR solution Payroll & HR solution I need a Payroll system that will take the stress out of my payroll processes. Opera 3 Payroll simplifies your key tasks and has HMRC PAYE Recognition, so you will always have peace

More information

10 reasons to choose payroll for auto enrolment (over third party systems)

10 reasons to choose payroll for auto enrolment (over third party systems) 10 reasons to choose payroll for auto enrolment (over third party systems) Streamline your payroll process and avoid costly, complex third party solutions for auto enrolment. About IRIS With 30 years'

More information

If you are unclear about the implications of Auto Enrolment you will find our Guide to Auto Enrolment a good starting point.

If you are unclear about the implications of Auto Enrolment you will find our Guide to Auto Enrolment a good starting point. The Pay Check Auto Enrolment Service A service designed for Pay Check clients who are looking for a first class pension solution that is simple to administer, cost effective and guarantees full compliance

More information

PENSIONS REFORM YOUR STEP BY STEP GUIDE

PENSIONS REFORM YOUR STEP BY STEP GUIDE PENSIONS REFORM YOUR STEP BY STEP GUIDE This information is for UK Financial Adviser use only and should not be distributed to or relied upon by any other person. PAGE 2 INTRODUCTION PAGE 3 STEP 1 FAMILIARISE

More information

Payroll Outsourcing - The Way to Go

Payroll Outsourcing - The Way to Go Why payroll outsourcing could be the best decision you make today. Feeling overwhelmed with automatic enrolment legislation and worried about managing your payroll? Outsourcing your payroll may be the

More information

7 automatic enrolment tips from companies who have already staged

7 automatic enrolment tips from companies who have already staged 7 automatic enrolment tips from companies who have already staged IRIS has already helped 1,600 businesses to stage for automatic enrolment, assessing over 400,000 employees in the process. This useful

More information

Auto enrolment step by step guide for payroll bureaux

Auto enrolment step by step guide for payroll bureaux Auto enrolment step by step guide for payroll bureaux As company sizes are reducing, the proportion of employers with an in house payroll department is declining, and the number of employers looking for

More information

International Business Tax Services

International Business Tax Services International Business Tax Services Introduction There are many reasons why the UK is an ideal location in which to trade. The UK itself offers a home market of approximately 62 million people, and can

More information

Employment. Issues for growing businesses

Employment. Issues for growing businesses Issues for growing businesses Employment and recruitment legal issues for employing staff Employing staff, and especially employing your first member of staff, can be a minefield for growing businesses.

More information

Tax Reliefs for Research and Development Expenditure

Tax Reliefs for Research and Development Expenditure Tax Reliefs for Research and Development Expenditure Introduction Successive Governments have recognised that encouraging businesses to undertake Research and Development (R&D) activities in the UK is

More information

Stamp Duty Land Tax: Higher rates for purchasers of additional residential properties LAYTONS

Stamp Duty Land Tax: Higher rates for purchasers of additional residential properties LAYTONS Stamp Duty Land Tax: Higher rates for purchasers of additional residential properties Our expertise Banking & Finance Charities Commercial Construction Corporate Corporate Tax Disputes Employment Family

More information

You don t have to go it alone

You don t have to go it alone Corporate & Employer Solutions You don t have to go it alone Expert guidance for your auto enrolment journey Pension auto enrolment is here This year marks the staging date for many businesses to enrol

More information

Ceridian Payroll Solutions. Flexible Benefits

Ceridian Payroll Solutions. Flexible Benefits Ceridian Payroll Solutions Flexible Benefits A safe pair of hands Compliance, cost-efficiency and control Paying your people correctly and on time is vital to ensuring they remain motivated and productive.

More information

Tax solutions for financial services firms

Tax solutions for financial services firms Draft Version 1 15/09/2015 Tax solutions for financial services firms PRECISE. PROVEN. PERFORMANCE. Tax solutions for financial services firms The Financial Services tax team at Moore Stephens provides

More information

Guide for Local Government Pension Scheme employers and admission bodies

Guide for Local Government Pension Scheme employers and admission bodies Preparing for automatic enrolment Guide for Local Government Pension Scheme employers and admission bodies June 2013 A Introduction This guide is intended to highlight key aspects of the automatic enrolment

More information

An Introduction to Moorepayhr. A cloud-based integrated HR and payroll solution specially designed for businesses large and small.

An Introduction to Moorepayhr. A cloud-based integrated HR and payroll solution specially designed for businesses large and small. An Introduction to Moorepayhr A cloud-based integrated HR and payroll solution specially designed for businesses large and small. Table of contents 0 Welcome 04 About Moorepay 05 What is Moorepayhr? 06

More information

Tax-effective giving. made simple

Tax-effective giving. made simple Tax-effective giving made simple July 2015 1 Sayer Vincent LLP Chartered accountants and statutory auditors Invicta House 108 114 Golden Lane London EC1Y 0TL Offices in London, Bristol and Birmingham 020

More information

Autoenrolment: checklist. The Health Insurance Group. Johnson Fleming. Everything that you need to do before, at and after your staging date

Autoenrolment: checklist. The Health Insurance Group. Johnson Fleming. Everything that you need to do before, at and after your staging date Autoenrolment: checklist Everything that you need to do before, at and after your staging date in partnership with Johnson Fleming Group Pensions Group Risk and Healthcare Service Provision The Health

More information

Employment & HR Support Package

Employment & HR Support Package Employment & HR Support Package Managing your people effectively will help your business succeed. Employment Law can be a headache and many businesses do not have the internal resources, skills or knowledge

More information

partnership with you working in providing the perfect payroll outsourcing solution chartered accountants

partnership with you working in providing the perfect payroll outsourcing solution chartered accountants working in partnership with you providing the perfect payroll outsourcing solution chartered accountants professional accurate & tailor-made payroll solutions for your unique requirements reliable 10 2

More information

EMPLOYER-SUPPORTED CHILDCARE GUIDANCE AND FAQs FOR EMPLOYEES WHO ARE PARENTS, STEP-PARENTS OR WHO HAVE PARENTAL RESPONSIBILITY

EMPLOYER-SUPPORTED CHILDCARE GUIDANCE AND FAQs FOR EMPLOYEES WHO ARE PARENTS, STEP-PARENTS OR WHO HAVE PARENTAL RESPONSIBILITY EMPLOYER-SUPPORTED CHILDCARE GUIDANCE AND FAQs FOR EMPLOYEES WHO ARE PARENTS, STEP-PARENTS OR WHO HAVE PARENTAL RESPONSIBILITY This guidance outlines HM Revenue & Customs interpretation of the legislation

More information

Ceridian Managed Payroll. Flexible Benefits

Ceridian Managed Payroll. Flexible Benefits Ceridian Managed Payroll Flexible Benefits ISS payroll outsourcing to Ceridian has delivered on all of the key drivers and is an undoubted success. Richard Bishop-Laggett HR Services and Development Director,

More information

Accountancy Services Taxation Services Bookkeeping services VAT Returns PAYE Returns Company Secretarial Services Business Start Ups

Accountancy Services Taxation Services Bookkeeping services VAT Returns PAYE Returns Company Secretarial Services Business Start Ups Accountancy Services Taxation Services Bookkeeping services VAT Returns PAYE Returns Company Secretarial Services Business Start Ups Company Profile Daniel Chartered Certified Accountants is an independent

More information

An Introduction to: Auto Enrolment - Workplace Pensions

An Introduction to: Auto Enrolment - Workplace Pensions An Introduction to: Auto Enrolment - Workplace Pensions Contents Introduction 3 Key Terms 4 Contributions 5 Staging Dates 5 FAQs 6 How can we help? 8 Helpful Steps 9 The Pension Regulator 10 Useful Links

More information

Gaining the competitive edge. Sports & Leisure PRECISE. PROVEN. PERFORMANCE.

Gaining the competitive edge. Sports & Leisure PRECISE. PROVEN. PERFORMANCE. Gaining the competitive edge Sports & Leisure PRECISE. PROVEN. PERFORMANCE. 2 Sports & Leisure Gaining the competitive edge Gaining the competitive edge The sports and leisure sector is a competitive and

More information

EARNIE Managed Payroll Service Friendly, reliable, efficient

EARNIE Managed Payroll Service Friendly, reliable, efficient MANAGED PAYROLL EARNIE Managed Payroll Service Friendly, reliable, efficient For further information please call the EARNIE team on 0844 815 5677 or email sales@earnie.co.uk 1 www.earnie.co.uk/managedpayroll

More information

Preparing for payroll change

Preparing for payroll change www.pwc.co.uk Preparing for payroll change RTI and auto enrolment 11 Agenda 1. Welcome Brian Peters 2. Introduction to RTI and auto enrolment Mike Nagle 3. HMRC RTI programme Maggie Anderson 4. RTI international

More information

employment key facts 2015/16. working together. www.morrlaw.com employment@morrlaw.com Head office: 01737 854 500

employment key facts 2015/16. working together. www.morrlaw.com employment@morrlaw.com Head office: 01737 854 500 working together. employment key facts 2015/16. www.morrlaw.com employment@morrlaw.com Head office: 01737 854 500 Head office: Clarendon House, Clarendon Road, Redhill, Surrey RH1 1FB Employment law developments

More information

Recruitment, Payroll & Contracts

Recruitment, Payroll & Contracts Recruitment, Payroll & Contracts Service Level Agreement 2016/17 Introduction from Service Lead Dear Headteacher, Chair of Governors and School Business Manager Welcome to the Service Schedule for Payroll,

More information

HR Peace of Mind Compliance Software

HR Peace of Mind Compliance Software HR Peace of Mind Compliance Software Are your employed staff and self-employed workers working legally? Log and track workers right to work, immigration and IR35 compliance data 1 Just imagine if you had

More information

paying contributions

paying contributions Information for employers A quick guide to paying contributions to personal pension schemes and defined contribution occupational pension schemes June 2013 About this guide This guide is for employers

More information

HOW TO HANDLE A WHISTLEBLOWER REPORT IN THE EU

HOW TO HANDLE A WHISTLEBLOWER REPORT IN THE EU HOW TO HANDLE A WHISTLEBLOWER REPORT IN THE EU 10 April 2014 Monica Salgado Advogada registered with the Portuguese Ordem dos Advogados Registered European Lawyer with the SRA Kirsti Laird Solicitor, (qualified

More information

Tax Solutions. Take control of your tax affairs

Tax Solutions. Take control of your tax affairs Tax Solutions Take control of your tax affairs lntroduction Managing your tax affairs in a complex and evolving tax system can be a challenge that needs sound planning and good advice. For compliance or

More information

Job Title: Employment Lawyer / HR Manager Temp/Perm: Permanent. Reporting to: Liam Davies (Designated Member) Full/Part-time: As Required

Job Title: Employment Lawyer / HR Manager Temp/Perm: Permanent. Reporting to: Liam Davies (Designated Member) Full/Part-time: As Required Job Title: Employment Lawyer / HR Manager Temp/Perm: Permanent Reporting to: Liam Davies (Designated Member) Full/Part-time: As Required The role is Employment Lawyer/HR Manager for MDY Legal Job description

More information

Business Plan - Factors You Need to Know

Business Plan - Factors You Need to Know Information Index Clear and concise factsheets on business and personal issues Starting up in business Business Plans Business Structure - Which Should I Use? Could I Really make a Go of it? Insuring Your

More information

Mergers - Strategic Objectives of a Firm

Mergers - Strategic Objectives of a Firm Moving forward with mergers Nelsons Connect2Law Conference 4 October 2012 Andy Poole Legal Sector Director Armstrong Watson Moving forward with mergers Why mergers are back on the agenda How mergers can

More information

The application of existing and new legislation issued by the Pensions Regulator, Teachers Pensions and the Local Government Pensions Scheme (LGPS)

The application of existing and new legislation issued by the Pensions Regulator, Teachers Pensions and the Local Government Pensions Scheme (LGPS) HR/Pay Services Introduction Dorset s Human Resources HR/Pay Service provides a comprehensive service with the prime objective of paying people accurately, on time and reflecting the correct contractual

More information

Got that sinking feeling?

Got that sinking feeling? Tax Bulletin Business Advisors Audit & Accountancy Tax & Wealth Planning Got that sinking feeling? Stay afloat with the latest TAX advice We hope you find this bulletin helpful, we aim to highlight current

More information

Our Outsourcing Brochure CBS for Payroll, Human Resources & Management Accounting Services

Our Outsourcing Brochure CBS for Payroll, Human Resources & Management Accounting Services Improving Your Business Practical business advice & assistance Our Outsourcing Brochure CBS for Payroll, Human Resources & Management Accounting Services Clear Creative Cost Effective Welcome to Outsourcing

More information

Pension schemes Pension schemes under the new employer duties

Pension schemes Pension schemes under the new employer duties Workplace pensions reform detailed guidance Pension schemes Pension schemes under the new employer duties 4 April 2013 v4.1 1 Employer duties and defining the workforce An introduction to the new employer

More information

A SIMPLE BUSINESS BOOST.

A SIMPLE BUSINESS BOOST. GROUP PROTECTION ADVISER GUIDE A SIMPLE BUSINESS BOOST. Group protection is a growing area in financial services. It offers an opportunity to widen your proposition, and this guide will help you take full

More information

The Human Resources Department Work Plan for the period 1 April 2015 to 31 March 2016 is attached.

The Human Resources Department Work Plan for the period 1 April 2015 to 31 March 2016 is attached. Council, 25 March 2015 Human Resources Department Work Plan 2015-2016 Executive summary and recommendations Introduction The Human Resources Department Work Plan for the period 1 April 2015 to 31 March

More information

Payroll Why payroll outsourcing could be the best decision you make tod ay.

Payroll Why payroll outsourcing could be the best decision you make tod ay. Payroll Why payroll outsourcing could be the best decision you make tod ay. HR. EMPLOYEE BENEFITS. AUTO ENROLMENT. What is outsourcing? Businesses can outsource their whole payroll function or enjoy bespoke

More information

4 steps to profit from auto enrolment

4 steps to profit from auto enrolment 4 steps to profit from auto enrolment Educate, communicate, demonstrate, accentuate. These are the four steps that accountants can take in order to successfully sell auto enrolment services to clients.

More information

Graduate Guide to Contracting

Graduate Guide to Contracting Graduate Guide to Contracting Contents What is Contracting? 3 What to Expect on a Contract 4 What to Expect from Contracting 5 Pre-Employment Vetting 6 Umbrella Companies 9 Personal Service Companies 10

More information

WHY IS PAYROLL IMPORTANT TO YOUR BUSINESS?: WHY OUTSOURCE: PAYROLL SERVICES

WHY IS PAYROLL IMPORTANT TO YOUR BUSINESS?: WHY OUTSOURCE: PAYROLL SERVICES Payroll Services WHY IS PAYROLL IMPORTANT TO YOUR BUSINESS?: Payroll is the largest financial obligation for most businesses. Paying your people accurately and on time is essential for ensuring your business

More information

WHO WE ARE, WHAT WE DO. The Difference Inside

WHO WE ARE, WHAT WE DO. The Difference Inside WHO WE ARE, WHAT WE DO The Difference Inside ABOUT US Nothing matters more to us than our clients. All our energy is focused on giving you exceptional service. That s why we seek out and develop talented,

More information

Chartered Accountants Financial Services HR Services

Chartered Accountants Financial Services HR Services Chartered Accountants Financial Services HR Services Ward Williams Group About us Ward Williams was founded in 1992 by two of the current partners and now employs 60 staff across its five offices. We are

More information

Relevant Life Insurance

Relevant Life Insurance For adviser use only. Not approved for use with customers. Relevant Life Insurance Introducing Relevant Life Insurance Retirement Investments Insurance Health Introducing Relevant Life Insurance We ve

More information

First steps to setting up your business in the UK

First steps to setting up your business in the UK First steps to setting up your business in the UK 2 Crossing borders In an increasingly connected world, moving into new territories is now on the agenda for many. Greater market share, the reduced cost

More information

Our Client Agreement and Statement of Services and Remuneration Corporate Clients

Our Client Agreement and Statement of Services and Remuneration Corporate Clients The Independent Life & Pensions Group Ltd 3 Adelaide House, Corbygate Business Park, Priors Haw Road, Corby, Northants, NN17 5JG Tel: 01536 443200 Email: info@ilpg.co.uk Fax: 01536 400550 Web: www.ilpg.co.uk

More information

The ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET

The ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET The ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET September 2014 Contents Page 1. Introduction 1 2. Summary of how the Plan works 2 3. Eligibility and joining the Plan 4 4. Shares of Common Stock

More information

The Plan for Your Future

The Plan for Your Future The TJX UK Pension Plan The Plan for Your Future Pension Booklet 2 P age Welcome to the TJX UK Pension Plan To look after your financial future, you need to take a little time out of your present. Setting

More information

HR/Employment Law Consultancy Services. Your Service, Your Way

HR/Employment Law Consultancy Services. Your Service, Your Way HR/Employment Law Consultancy Services Your Service, Your Way About Abbey Abbey HR Consultancy Services is a trading division of LHS Solicitors LLP. LHS Solicitors LLP is regulated by the Solicitors Regulation

More information

Make your business work for you. Professional Insurance & Financial Advice. Absolute peace of mind, Staff & HS issues covered 24/7

Make your business work for you. Professional Insurance & Financial Advice. Absolute peace of mind, Staff & HS issues covered 24/7 Accountants and much much more Reduce your tax Unleash your profit potential Make your business work for you Professional Insurance & Financial Advice Absolute peace of mind, Staff & HS issues covered

More information

the UK s leading payroll support service for domestic employers

the UK s leading payroll support service for domestic employers Payroll for domestic employers the UK s leading payroll support service for domestic employers being an employer In the UK, domestic employers have exactly the same legal obligations as their commercial

More information

your share incentive plan

your share incentive plan your share incentive plan 1 Contents What is Match?... 4 Match... 4 How do I get shares under Match?... 5 Shares you buy: Partnership Shares... 5 Shares given to you by Matchtech Group: Match Shares...

More information

Are automatic enrolment pensions alien to you?

Are automatic enrolment pensions alien to you? Quick guide Are automatic enrolment pensions alien to you? Don t worry, we understand alien-speak and we make providing a workplace pension simple For people, not profit Are automatic enrolment pensions

More information

Global Mobility Tax and Payroll Services

Global Mobility Tax and Payroll Services Global Mobility Tax and Payroll Services INTRODUCTION From our network of global offices Taxback International provides a full suite of global mobility tax and international payroll services to ensure

More information

McGregors Corporate become a Career Champion

McGregors Corporate become a Career Champion McGregors Winter Newsletter 2013_Layout 1 08/11/2013 12:34 Page 1 Business News & Tax Advice Winter 2013 McGregors Corporate become a Career Champion Mansfield Learning Partnership (MLP) has been working

More information

The Local Government Pension Scheme Important Update for Scheme Members February 2014

The Local Government Pension Scheme Important Update for Scheme Members February 2014 The Local Government Pension Scheme Important Update for Scheme Members February 2014 In this update we cover recent developments to pension provision that may impact on members of the Local Government

More information

Corporate Business. Newsletter. GAAR - a whole new world. Winter 2013-14

Corporate Business. Newsletter. GAAR - a whole new world. Winter 2013-14 Newsletter Winter 2013-14 Corporate Business GAAR - a whole new world On 17 July 2013 a new tax rule came into force the general antiabuse rule known as GAAR. This is a fundamental change to the tax planning

More information

HR & Payroll Bureau Software Case Study

HR & Payroll Bureau Software Case Study HR & Payroll Bureau Software Case Study Brethertons Solicitors LLP Established legal practice Brethertons Solicitors LLP is one of the largest law firms in the Oxfordshire and Warwickshire areas. Currently

More information

Owner Buy Outs as a Transfer of Ownership Mechanism in Family Business.

Owner Buy Outs as a Transfer of Ownership Mechanism in Family Business. Owner Buy Outs as a Transfer of Ownership Mechanism in Family Business. A guide for family business leaders. AUTHOR Simon Keane Interim Executive, Twiddle & Co. April 2014 Contents Owner Buy Outs as a

More information

Job Description. Legal Services. Organisation Advertising Description. Fixed term for 12 months. Grade Grade 8

Job Description. Legal Services. Organisation Advertising Description. Fixed term for 12 months. Grade Grade 8 Job Description Post Title and Post Number Organisation Advertising Description Post Number Full Time/Part Time Duration Post is open to: Employment Solicitor - 42643Z2015 Legal Services 42643Z2015 Part

More information

Employers guide to automatic enrolment and NEST. An introduction to your new employer duties

Employers guide to automatic enrolment and NEST. An introduction to your new employer duties Employers guide to automatic enrolment and NEST An introduction to your new employer duties The view from BCC John Longworth Director general British Chambers of Commerce Automatic enrolment is the biggest

More information

Sweeter tax planning ideas

Sweeter tax planning ideas Sweeter tax planning ideas Helping to ensure you have made full use of the reliefs and allowances available www.bakertilly.co.uk Contents Sweeter tax planning ideas To ensure that you optimise your tax

More information

Financial expertise. Management support. A Guide to our Services for. Companies

Financial expertise. Management support. A Guide to our Services for. Companies Financial expertise. Management support. A Guide to our Services for Companies Eacotts fundamental aim is to use its expertise in finance, taxation and growing businesses to help clients create, build

More information

Tax Treatment of Research and Development Expenditure

Tax Treatment of Research and Development Expenditure Tax Treatment of Research and Development Expenditure Summer 2013 Introduction Successive Governments have recognised that encouraging businesses to undertake Research and Development (R&D) activities

More information