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Accountancy for growth

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Optional Remuneration Arrangements

Many employees will have heard the term salary sacrifice and this has become increasingly popular over the years with employees sacrificing amounts of salary in exchange for benefits. These benefits typically save the employee tax and class 1 National Insurance on the amount sacrificed and were used for anything for the purchase of laptops and […]

Guide to New National Minimum Wage Rates

The National minimum wage (NMW) rates will increase on 1 October by between 3% and 4.7% for workers under the age of 25 and apprentices. Employers need to make sure the new rates are implemented for all hours worked from that date. Guide to NMW rates: NMW: age/status Current rate New rate from October 2016 […]