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Every April brings changes in Employment Law – here are the changes we are aware of. Coronavirus Job Retention Scheme Last extended to 31 April 2021, the Chancellor announced a further extension during the Spring Budget, to 30 September 2021. The UK Government will continue to pay 80% of employees’ […]
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Tax Rates and Allowances 2021/2022 Personal Allowances 2021/22 Personal Allowance – £12,570 The personal allowance reduces by £1 for every £2 of income above £100,000. The personal allowance is lost if taxable income exceeds £125,140 (2021/22). Transferable tax allowance for married couples/civil partners – £1,260 Investment income allowances tax at […]
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St David may soon become the patron saint of builders as 1 March sees some changes in the way VAT is accounted for on construction work. Who’s affected? VAT registered traders who are supplying construction services to another VAT registered trader and the customer is a registered contractor within the […]
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The company – leases The company will be the named party in the contract and is liable to make the payments to the leasing company. The company gets tax relief on the cost of the lease and can recover 50% of the VAT on the rental charges if VAT registered. […]
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A quick round up of the main Budget announcements. Coronavirus Support Furlough extended to September 80% of salary for hours not worked, workers must still be paid their full salary for hours they are working. From July employers will be asked to contribute first 10% in July and then […]
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What to do if you think you are experiencing symptoms of Covid-19 Isolate – follow the UK Government guidance on self-isolating for 10 calendar days and test & trace.If you need to self-isolate or cannot attend work due to coronavirus – GOV.UK (www.gov.uk) Test – follow the NHS guidance on […]
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Our latest newsletter is now available. View the latest issue here
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Our team at KM are key to everything we do - and we take their development seriously. We have training accreditations with both ACCA and ICAEW
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In this life, nothing is ever certain. ‘Gentlemen’s agreements’ and trusting others to ‘do the right thing’ have no place in business. If you just have this type of verbal understanding with your colleagues
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