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THP Blog

Don’t forget – the National Living Wage and Minimum Wage go up in April
Posted by THP on March 17, 2017

Changes to the National Living Wage and Minimum Wage If you are an employer, you will be familiar with both the National Living Wage and the National Minimum Wage.  The National Living Wage is the minimum you can pay a worker aged 25 or over (except those in the first year of an apprenticeship). This

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minimum wage step up
Self-employed Maternity Allowance
Posted by Jon Pryse-Jones on October 25, 2016

Self-employed Maternity Allowance – how £36.40 can net you over £5,000 It’s fairly well known that if you are pregnant and have been working for your employer for at least six months, then you’re entitled to receive Statutory Maternity Allowance from them for at least six months. But what happens if you’re self-employed? Surely you’re

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maternity allowance
Payroll Focus
Posted by THP on January 7, 2016

So you’ve got plenty of time to sort out Auto Enrolment? Bad news. You haven’t. Doors are already slamming shut on Auto Enrolment pension schemes. 77% of Independent Financial Advisors (IFAs) predict that more and more pension providers will close their schemes to businesses with under 30 employees. Many pension companies are already adding additional

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Payroll
Payroll Focus
Posted by THP on September 22, 2015

IT’S TIME TO GET READY FOR AUTO ENROLMENT Are you still dragging your feet on Auto Enrolment? Have you been meaning to research your AE options but just not had the time? If so, and you don’t feel you are quite ready to tackle your Auto Enrolment obligations, why not sign up for our free Auto Enrolment Guide and advice emails? Simply go to www.thp.co.uk/auto-enrolment and

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auto enrolment
Are salary sacrifice schemes on the way out?
Posted by Jon Pryse-Jones on June 24, 2015

Don’t let the Chancellor take your last farthing! “The Duke of Dunstable had one-way pockets,” quipped P.G. Wodehouse about one of his more tight-fisted characters, adding: “He would walk ten miles in the snow to chisel an orphan out of tuppence.” Right now you might be forgiven for thinking that, compared to Chancellor George Osborne,

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British Farthing
Outstanding Class 2 NICs
Posted by THP on April 16, 2013

Class 2 NICs – What you Need to Know   From April 2014, HMRC may collect outstanding Class 2 National Insurance Contributions (NICs) by adjusting the tax codes of customers in PAYE employment or receiving a UK-based private pension. The tax authority is now sending payment requests to customers showing any Class 2 NICs they

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NICs
Information About the New Tax-Free Childcare Scheme from Autumn 2015
Posted by THP on March 21, 2013

The new scheme will be available to families in which both parents work and will be worth up to £1,200 per child each year. In the first year, all children under 5 will be eligible, with the age range eventually including all children under 12. It is only available to families where both parents work,

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Tax Free Child Care
Payroll Focus – Real Time Information
Posted by THP on January 9, 2013

RTI is a compulsory process that is being introduced by HM Revenue & Customs to impact on all employers and is the biggest change to the Pay As You Earn system since it began in 1943. So what does this mean for you the employer? You will be legally obliged to report PAYE in real

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HMRC
Going ‘beyond accountancy’ to help a business thrive
Posted by THP on December 10, 2014

Mark’s enthusiasm for his work is infectious. Spend half an hour in his company and you’re left in no doubt that he’s built a business by putting people first. It has paid off. Today Mark Mountney has a chain of three salons – a flagship studio and a men’s salon in Wanstead, plus a boutique-style

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THP - helping business thrive
Case Study: It should happen to a vet
Posted by THP on November 7, 2014

Like THP, one of our longstanding clients, veterinarians Mercer & Hughes, turns 40 this year. The company opened its first surgery in a house in Thaxted, and was a joint enterprise between vets Bob Mercer and Peter Hughes. The two men had met while practising in Devon, but Bob suggested they opened a practice in

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THP vets
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