If you engage part time workers, or staff who work irregular hours, on permanent contracts you need to be aware of new rules affecting holiday pay calculations which take effect for holiday periods starting after 1 April 2024.
A family investment company (FIC) is a company set up specifically for investment purposes rather than trade. The corporate entity is set up as a normal company and is limited by shares. Property, cash and equity often make up the investments held within an FIC.
As we approach the summer holidays, it is not unusual for business owners to receive requests from friends/family for their children conducted a summer placement. In such a scenario it is important to carefully consider the below factors before accepting any children working in your business.
The VAT registration threshold has already been frozen at £85,000 since April 2017 and it will now be fixed at that level until April 2026. The Chancellor made the point that the UK’s VAT registration threshold is more than twice as high as the average in OECD and EU countries so be prepared for this…