Read our latest Practice News as well as sector specific and accountancy updates from across the UK.
The National Living Wage (NLW) came into effect in April 2016 for workers aged 25 and over and has caused many businesses to consider their remuneration policies for employees. The initial rate of £7.20 is a 50p increase in the rate that used to apply. In terms of detailed rules, the NLW is really just […]
The partners of N C Campbell & Co Chartered Accountants and Greaves West & Ayre Chartered Accountants are pleased to announce the merger of their practices with effect from 1 October 2016. The combined firm consists of 11 partners and 104 staff operating from fully staffed and managed offices in Haddington and Berwick-upon-Tweed. N C […]
With pension auto enrolment applying to more and more employers, we look at the options for using a salary sacrifice scheme to deliver tax savings for the employer and the employee. Salary sacrifice takes place when an employee gives up the right to part of their remuneration in return for the employer providing the employee […]
One of the most significant announcements in the Spring Budget was the news of the Lifetime ISA. The Lifetime ISA will give a government top up of 25% of the amount invested and the ability to accumulate savings income tax free – just like a pension. In addition, there is the ability to eventually withdraw […]
Those who reached State Pension age on or after 6 April 2016 have the privilege of being the first recipients of the new, supposedly ‘flat rate’ State Pension. Although the headline flat rate has been set at £155.65 per week nearly everyone is receiving a different amount to this. There are a number of reasons […]