Monthly Archives: April 2013

You may have heard that the Government has been considering whether to allow some small businesses to compute taxable profits for the purposes of income tax on a cash basis rather than the usual accruals basis. The Government has recently issued draft legislation to allow this option.   The cash basis can first apply for the 2013/14 tax year which Continue Reading

An online toolkit that provides employers with help when taking on their first employee has been launched by the Government. An update from the version that was launched a year ago, the “Employing staff for the first time” toolkit helps potential employers through the process of hiring their first member of staff and sets out the relevant legal requirements. This includes Continue Reading

The following National Minimum Wage Rates will come into force from 1 October 2013: The      adult rate will increase by 12p from £6.19 to £6.31 per hour. The      rate for 18-20 year olds will increase by 5p from £4.98 to £5.03 per hour. The      rate for 16-17 year olds will increase by 4p from £3.68 to £3.72 Continue Reading

Employers will be able to design and develop their own apprenticeship standards and qualifications, Deputy Prime Minister Nick Clegg has announced. The decision follows last year's review by entrepreneur Doug Richard, which found apprenticeships should be more focused on the needs of employers in order to encourage take-up, address skill shortages and boost growth. Government plans include: employers setting industry Continue Reading