Edwards Solicitors’ Post

In their instructions to LPC, Government ask that they make an interim recommendation for a NMW rate to apply to 18 to 20-year-olds from April 2025, narrowing the gap with the National Living Wage. The Government goes on to say that they will take steps year by year in order to achieve a single adult rate. Full instructions here: https://lnkd.in/eB7nqWKh #NMW #NLW #NationalMinimumWage #NationalLivingWage

As expected, the government has redefined the remit of LPC to factor in the cost of living when recommending NMW rates, and also committed to taking the first steps to eliminating age bands. https://lnkd.in/ecSTSssX

A few important takeaways from yesterday’s budget. We are seeing a bit of panic by businesses, particularly SMEs. There are lots of things you can do to improve productivity and performance and if necessary to reduce cost without the last resort of redundancies. If you need help, do speak to one of our advisors.

NITA & AHL Amendmemts: During filing of PAYE amendment returns which had NITA levy or Affordable Housing Levy (AHL) which was declared and paid, kindly do not claim the NITA Levy or AHL PRNs as they are agency revenues. The incremental liability in the PAYE return will be inclusive of PAYE, NITA Levy and AHL Liability where applicable but system will be able to ascertain that NITA and AHL are fully paid unless the amendment has increased their respective liabilities hence employer should pay the variance. Adopted from KRA Clarification dated 01/05/2024

Certification Cost: Why are certification costs increasing when employee wages, benefit costs, and gas prices remain unchanged? The old adage: You get what you tolerate Certification costs for the same facility (rounded down to the nearest hundred). Jan 2022 $3600.00 July 2022 $3900.00 Jan 2023 $4700.00 July 2023 $6500.00 Jan 2024 $7300.00 July 2024 $8600.00

Are your NMW records ready for inspection? With a potential claim of 80 times NMW rate, Hannah Bollard explains why you should make sure they are.

🚀 Webinar: Supreme Court Decision on PGMOL ❔ What does the decision mean for all UK Businesses? 📅Thursday 19th Sept, 12.30pm Join us to uncover the crucial Supreme Court ruling on the tax status case involving Professional Game Match Officials Limited (PGMOL). This landmark decision will address whether football referees should be classified as employees or self-employed for tax purposes. This decision is set to establish a precedent that will affect the employment status of workers with similar arrangements, including gig economy workers, consultants, and freelancers. The implications for UK businesses are significant, and understanding how to navigate this new landscape is essential. Why You Should Attend: - In-depth Analysis: Understand the details of the PGMOL case and its broader implications. - Expert Guidance: Learn how this ruling will impact your business and what steps you need to take. - Strategic Insights: Get practical advice on responding to the decision to ensure compliance and minimize risk. - Interactive Q&A: Address your specific concerns with Dave Chaplin. To keep up to date register your free place now: https://buff.ly/3LYxoVn Please share. #IR35webinar #webinar #IR35 #IR35compliance #compliance #tax #HR #HRNews #Contractors #Contracting #IR35awareness

Is your organization prepared for these upcoming changes? Will these changes affect how you class your employees and track their time? Ask how ADP can help manage compliance and reduce your exposure to risk, fines, and litigation!

Jemery Hunt, Chancellor of the Exchequer delivered the government’s budget on 6 March 2024. Among the announcements were: VAT threshold will rise from £85,000 to £90,000 in April 2024 Further cuts to National Insurance - for employees this will reduce from 10% to 8% from 6 April 2024, for self-employed, class 4 NI will reduce from 8% to 6% Higher rate Capital Gains Tax relief on property will be cut from 28% to 24% from April 2024 High Income Child Benefit Charge (HICBC) changes To be administered on a household level by April 2026 (with a consultation proposed) Threshold increased from £50,000 to £60,000 and the top of the taper extended to £80,000 Click on the link below to read more https://lnkd.in/duQDD-ty Nicholas Benson Carrie Beaumont

Did you know that your AFSCME union contract gives you an extra 8 hours of personal leave during Leap Years? Article 11, Section 3 of our contract with the State for Units A, B, C, D, F, and H says: "Except during a Leap Year, employees shall be entitled to six (6) days of personal leave each calendar year except that the Department of Transportation employees shall be entitled to seven (7) days of personal leave. During a Leap Year, SPMS employees shall be provided with seven (7) days and MDOT employees with eight (8) days." You can always view the most current version of your contract on our website here: www.afscmemd.org/contracts