Auto-enrolment Pensions, Rate Increases
Auto-Enrolment pension contributions will increase on 6 April 2019 Employer minimum contribution Staff contribution Total minimum contribution Currently (to 05/04/19) 2% 3% 5% From 06/04/19 onwards 3% 5% 8%
National Minimum Wage and National Living Wage Increases
From April 2019 the rates of pay for the National Minimum Wage and the National Living Wage will be increased. The National Minimum Wage is still relevant for workers under 25 and apprentices. Everyone else is entitled to the National Living Wage From 1 April 2019 the following rates apply: National Living Wage [...]
Christmas Opening
Wishing everyone a Merry Christmas. Please note, our office will be closed from 5pm on Friday 21st December until Wednesday 2nd January. If you need anything urgently during this period please e-mail info@4maccountancy.com .
Making Tax Digital – An Update
Although there were rumours that there might be a delay, Making Tax Digital as regards VAT is going ahead from 1st April 2019. There is still no decision on when other taxes will become digital. Who does MTD on VAT affect? Essentially it will apply to all VAT registered businesses and registered landlords above the [...]
Handpicked Accountants
At 4M Accountancy we are pleased to be included on Handpicked Accountants - a specialist website dedicated to helping business owners and company directors find their perfect local accountant. Business owners can visit Handpicked Accountants, enter their postcode, and choose from a list of highly recommended local accountancy firms – each proven to have demonstrable [...]
Auto-enrolment Pensions, Rate Increases
In addition to the changes to the minimum rates of pay on 1 April, there are also increases to the Auto-Enrolment pension contributions on 6 April 2018 with further increases on 6 April 2019 Employer minimum contribution Staff contribution Total minimum contribution To 05/04/18 1% 1% 2% From 06/04/18 to [...]
National Minimum Wage and National Living Wage Increases
From April 2018 the rates of pay for the National Minimum Wage and the National Living Wage will be increased. The National Minimum Wage is still relevant for workers under 25 and apprentices. Everyone else is entitled to the National Living Wage From 1 April 2018 the following rates apply: National Living Wage [...]
Job Advert
4M Accountancy is a small friendly firm of accountants based in Wimbledon and Kent. We work with a range of small and medium sized businesses and are currently looking for an accountant to join our growing team, initially on a part time basis. Ideally, we are looking for someone based in Kent who could travel to [...]
Christmas opening
Wishing everyone a Merry Christmas. Please note, our office will be closed from 5pm on Friday 22nd December until Tuesday 2nd January. If you need anything urgently during this period please e-mail info@4maccountancy.com .
New Childcare Choices: Tax-Free Childcare vs Childcare Vouchers
For a number of years employers have been able to offer their employees (and directors) a childcare voucher scheme whereby the employee is able to sacrifice up to £243* per month of their salary towards registered childcare. The employee benefits from the fact that this amount is not subject to tax or NI. *the [...]