The Elliot Legal Group, P.A.’s Post

What does the new Employment Rights Bill (ERB) mean for you? Hiring Managers / Contractors - -----------------   𝐊𝐞𝐲 𝐂𝐡𝐚𝐧𝐠𝐞𝐬:   Zero-hour contracts: Stricter regulations to protect workers' rights and provide more stability. Unfair dismissal: Protection from day one, with a probationary period. Statutory sick pay: Expanded eligibility and benefits. Flexible working: Becomes the default, unless employers can justify otherwise. Parental and bereavement leave: Increased entitlements and reduced qualifying periods. Fire and rehire: Banned, with compensation for affected workers. National Insurance increase: There is potential for the rate of national insurance paid by employers to be increased. -----------------   𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐇𝐢𝐫𝐢𝐧𝐠 𝐌𝐚𝐧𝐚𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫𝐬: Update policies and procedures: Ensure your workplace practices align with the new legislation. Revise contract terms: Review and update contracts to reflect the changes. Training and awareness: Educate your team about the new rights and responsibilities. Recruitment strategies: Consider how these changes may impact your talent acquisition efforts. Inside IR35:  As Inside IR35 contractors pay the hirer’s employment taxes, it is likely that the National Insurance increases will impact you too. Consider increasing your rates if/when this comes into play. -----------------   𝐖𝐡𝐞𝐧 𝐰𝐢𝐥𝐥 𝐭𝐡𝐢𝐬 𝐡𝐚𝐩𝐩𝐞𝐧 (𝐢𝐟 𝐚𝐭 𝐚𝐥𝐥)? It’s unlikely most of these changes will be introduced before 2026 though consultations will begin in 2025. -----------------  Get in touch to discuss how these changes may affect your organisation.   #EmploymentRightsBill #UKEmploymentLaw 

💡 Tax Season Tip: As tempting as it may be to not have to worry about payroll tax if you hire a contractor, the misclassification of a team member as a contractor when they’re truly an employee can lead to major issues for you and your company. So how do you avoid misclassifying an employee? 🤔 Read our blog to find out! 💻 👉 https://lnkd.in/eiVdDVdr #SenerchiaAndSenerchia #businesstaxes #businesslaw #kidsprotectionplanning #kidsprotectionplan #LegalExperts #FamilyLawFirm #EstatePlanning #RealEstateLaw #BusinessLaw #LegalServices #TrustAndWills #SmallBusinessSupport #LegalLegacy #ClientFocused #RhodeIslandLawyers #LegalAdvice #LawFirmExcellence #PersonalizedService #LegacyProtection

🔍 Did you know? Worker classification as independent contractors or employees can have major tax implications! What's your experience navigating these differences? 💡 #MitchLawFirm #workerclassification #independentcontractor #employee #taximplications #taxplanning #selfemployedtaxes #payrolltaxes #taxburden #financialplanning #irsrules

Key Employment Law Changes: What Accountants and Clients Need to Know As the new financial year begins, significant employment law changes are underway. From minimum wage increases to enhanced flexible working requests, these adjustments will directly impact workers and businesses alike. 📌 Are you prepared for these changes? Statutory Payments Increase Holiday Pay Calculations Extended Redundancy Protection Enhanced Flexible Working Requests Carer's Leave Entitlement Find out how these changes may affect you here: https://bit.ly/4ahlWxJ #EmploymentLaw #Accounting #HR #BusinessChanges #FlexibleWorking #MinimumWage #HolidayPay #RedundancyProtection #CarersLeave #Compliance #FinanceRecruitment #ACCA #AAT #CIOT #Accountant #Audit #Tax #Recruitment #businessadvisory #smallbusiness #AccountingPros #FinancialServices #BookkeepingExperts #BusinessAccounting #NumbersNinjas #AuditTrail #TaxAdvisory #AccountingSolutions #FinanceExperts #NumbersGame #THTribe

💡 Tax Season Tip: As tempting as it may be to not have to worry about payroll tax if you hire a contractor, the misclassification of a team member as a contractor when they’re truly an employee can lead to major issues for you and your company. So how do you avoid misclassifying an employee? 🤔 Read our blog to find out! 💻 👉 https://lnkd.in/eJPGYJK4 #SenerchiaAndSenerchia #businesstaxes #businesslaw #kidsprotectionplanning #kidsprotectionplan #LegalExperts #FamilyLawFirm #EstatePlanning #RealEstateLaw #BusinessLaw #LegalServices #TrustAndWills #SmallBusinessSupport #LegalLegacy #ClientFocused #RhodeIslandLawyers #LegalAdvice #LawFirmExcellence #PersonalizedService #LegacyProtection

💡 Tax Season Tip: As tempting as it may be to not have to worry about payroll tax if you hire a contractor, the misclassification of a team member as a contractor when they’re truly an employee can lead to major issues for you and your company. So how do you avoid misclassifying an employee? 🤔 Read our blog to find out! 💻 👉 https://lnkd.in/eC2i_iyV #SenerchiaAndSenerchia #businesstaxes #businesslaw #kidsprotectionplanning #kidsprotectionplan #LegalExperts #FamilyLawFirm #EstatePlanning #RealEstateLaw #BusinessLaw #LegalServices #TrustAndWills #SmallBusinessSupport #LegalLegacy #ClientFocused #RhodeIslandLawyers #LegalAdvice #LawFirmExcellence #PersonalizedService #LegacyProtection

💡 Tax Season Tip: As tempting as it may be to not have to worry about payroll tax if you hire a contractor, the misclassification of a team member as a contractor when they’re truly an employee can lead to major issues for you and your company. So how do you avoid misclassifying an employee? 🤔 Read our blog to find out! 💻 👉 https://lnkd.in/e7spbK3H #SenerchiaAndSenerchia #businesstaxes #businesslaw #kidsprotectionplanning #kidsprotectionplan #LegalExperts #FamilyLawFirm #EstatePlanning #RealEstateLaw #BusinessLaw #LegalServices #TrustAndWills #SmallBusinessSupport #LegalLegacy #ClientFocused #RhodeIslandLawyers #LegalAdvice #LawFirmExcellence #PersonalizedService #LegacyProtection

Election 2024: The Contractor Election The manifestos are all out or have been briefed and leaked to the papers so extensively that we now have a decent understanding of what each Party will do. Continuing in our weekly series, this week we look at what each party have suggested they will do with regards to IR35 and contractors The Conservative Party The Conservative Party have been reluctant to tackle IR35 Reform, however for contractors and self-employed people their manifesto commitment to “cut taxes to support the self-employed by abolishing the main rate of self-employed National Insurance entirely by the end of the Parliament” will be a welcome addition. The Labour Party Labour have said they will introduce a bill "within 100 days" of an election to make major changes in the world of temporary staffing, gig working and contracting, as part of its "new deal for working people". These changes would include day one employment rights for all workers and an end to "bogus self-employment". Whilst there was no comment on specific IR35 reform, this change in law, many believe, could remove the need for IR35 all together, when people are given "single worker status" The Liberal Democrats The Liberal Democrats have committed to a review of the off-payroll working reforms, and a focus on ensuring "the self-employed are being treated fairly". In the manifesto, the Liberal Democrats will also today commit to tackling late payments, by requiring companies with more than 250 employees to sign up to the prompt payment code. So no more chasing your payments! The best of the rest Reform have been the most specific in its proposals for IR35 stating they would abolish IR35 rules. The rest have not been overly clear on any of their proposals around IR35 but hopefully we will hear more over the coming weeks (but once again, I would suggest this is not a key doorstep issue for the population at large) If you're looking for your next contract role or looking to supplement your team (or just want a general chat around cost, how it works and why you should consider it), please reach out to us to discuss our Professional Interim Consultant solution Dan@AuditandRiskRecruitment.com 07825 628544 Previous Posts: Election 2024: The Corporate Governance Reform Election https://lnkd.in/emPDThDm

Check out the March issue of Payroll Insights for up-to-date developments in the payroll and employment tax arena. In this month's issue, we cover topics such as the ongoing saga of the ERC, the deadline for the ERC Voluntary Disclosure Program, revised Form 1099 K fact sheet, new independent contractor guidelines, and state updates from California, Connecticut, Florida, New Jersey, New York, and Ohio. Read now. #PayrollInsights #EmploymentTax #BusinessUpdates

Check out the March issue of Payroll Insights for up-to-date developments in the payroll and employment tax arena. In this month's issue, we cover topics such as the ongoing saga of the ERC, the deadline for the ERC Voluntary Disclosure Program, revised Form 1099 K fact sheet, new independent contractor guidelines, and state updates from California, Connecticut, Florida, New Jersey, New York, and Ohio. Read now. #PayrollInsights #EmploymentTax #BusinessUpdates