by EOACC | Apr 3, 2024 | Employment
It is important to remember that the minimum wage pay rates are increasing with effect from 1 April 2024. Failing to increase to the new rates can result in penalties being charged. The new minimum wage payment rates are set out below: 2023/24 rate2024/25 rate21...
by EOACC | Apr 3, 2024 | Tax and Business Updates
The National Cyber Security Centre (NCSC) has recently published a guide for CEOs (and by extension all business owners) on responding to a cyber incident. A cyber incident can occur in various forms and often result in financial loss, reputational damage, legal...
by EOACC | Mar 27, 2024 | Tax and Business Updates
The original concept for national insurance contributions (NICs) was as a part of social welfare reforms implemented by the government in the early 20th century. The idea being to establish a social insurance that provides financial protection and assistance to...
by EOACC | Mar 27, 2024 | Tax and Business Updates
Last week, HM Revenue and Customs (HMRC) announced changes to its helpline services that will encourage people to go online first. However, in a fast about turn, the very next day they halted these changes while they consider how best to help taxpayers make more use...
by EOACC | Mar 27, 2024 | Employment
The new tax year begins on 6th April and for employers running monthly payrolls, the March pay run will be the last of the 2023/24 tax year. Some things you will need to make sure you do and when you need to do them are listed below: Send your final payroll report of...
