The minimum hourly wage was increased from 1 October 2015 as follows:
|21 and over ---||18 to 20 ---||Under 18 ---||Apprentice |
In April the new living wage will be introduced for anyone aged 25 or over at £7.20 per hour.( an increase of 7.5%) This will increase to £9 an hour (34.3%) by 2020. We are working with clients particularly in service industries, hotels and hospitality to start planning now for these increases.
PENALTIES FOR LATE FILING OF ACCOUNTS WITH THE REGISTRAR OF COMPANIES
Private limited companies must deliver accounts within nine months from the end of its accounting reference date.
If not the following penalties will apply:
How late the accounts are delivered: Penalty (£)
Not more than one
More than one
month but not more than three
More than three
months but not more than six
More than six
: The above penalties are doubled for any company that files late having also filed for the previous year.
We are not independent financial advisors but we do have links with several firms that can assist
Do you have patent derived profits?
Please contact us if you would like advice about RTI.
From 1 April 2013 the new Patent Box regime gives a 10% Corporation Tax rate for patent derived profits. Please contact us if you would like more information.
We can offer insurance to pay fees if you have a tax investigation. Please contact us if you would like more information..