This is what entrepreneurs love about being their own boss
Owners of small and medium-sized businesses (SMEs) have shared what they love about running their own businessContinue reading→
Don’t get delayed over Easter weekend, say payment experts
Experts have urged businesses to “plan ahead” so that payments to staff and suppliers do not get delayed over the Easter weekend.Continue reading→
Parliament will not hike NICs for self-employed, says Chancellor
The Chancellor has today announced that the Government will not go ahead with planned hikes in National Insurance Contributions (NICs) for self-employed workers.Continue reading→
Tesco to pay back staff following significant payroll error
One of Britain’s biggest businesses was left red-faced after it announced last week that it would be reimbursing 140,000 present and previous employees, following a mistake involving its payroll.
The error could mean that Tesco pays a total of £10million to the individuals affected.
The supermarket giant had made the mistake – which meant that a sizeable section of its workforce received less than the National Living Wage – while calculating pay for staff who had contributed a portion of their salary to a pension scheme, childcare or the company’s cycle-to-work scheme.
The blunder came to light during a review which was organised as part of the introduction of a new payroll system at the FTSE 100 firm.
The BBC has reported that around a third of the current workforce have been affected, in addition to 40,000 people who had since left the business.
Matt Davies, the chief executive of Tesco UK and Ireland, said: “As soon as our own review identified this issue we took immediate action to resolve it and establish which colleagues are affected.
“We’ve apologised to our colleagues and our priority now is to talk to them about how this affects them individually, and make any necessary payments.”
Business Minister Margot James said the supermarket’s announcement showed the Government’s approach to enforcing minimum wage legislation was working.
“It is completely unacceptable for any worker to be underpaid and everybody should check their pay ahead of the national minimum and living wages rising on April 1st,” she added.
Row rages on over tax changes for the self-employed
Thousands of UK families who depend on a single self-employed wage could lose as much as a sixth of their income, new research suggests.Continue reading→
MP hits back following tax return row
The Leader of the Opposition, Jeremy Corbyn, this week found himself at the centre of a spat over his tax affairs.Continue reading→
Increasing number of UK SMEs eyeing up international trade
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Watch out! HMRC scammers are now phoning you in your own home
Taxpayers are being targeted over the telephone by fraudsters pretending to be representatives of HM Revenue & Customs (HMRC), it has emerged.Continue reading→
IR35 status tool fails to quash contractors’ tax fears, says IPSE
A new online tool launched by HM Revenue & Customs (HMRC) to help contractors determine their tax status ahead of radical IR35 reforms has failed to quash the tax fears of those working in the public sector, according to the Association of Independent Professionals and the Self Employed (IPSE).Continue reading→
Calls for SMEs to embrace new technology
Technology is the key to successful growth for small and medium-sized enterprises (SMEs), new research suggests.Continue reading→
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