New businesses which launched after the beginning of this month must include staff pension schemes in their start-up costs, even if they are only employing one person, a local tax specialist has warned. Will Swift, who owns TaxAssist Accountants in Horsforth, said: “From this October, any business start-up which employs one
Tag: Pensions Regulator
Local business owners should prepare for pensions spot checks, warns local tax specialist
Local business owners should prepare for spot checks on their staff pension schemes a local tax specialist has warned. David Underwood who owns TaxAssist Accountants in Harrogate said: “Spot checks are being carried out across the country by the Pensions Regulator to ensure that employers are complying with the new rules
Local business owners urged to act now to avoid pensions penalty nightmare
As over 750,000 employers face new responsibilities this year to contribute to their staff pension pots, small business owners across the region are being urged to act now to avoid hefty fines and potential prosecution. Julia Forrester who owns TaxAssist Accountants in Ilkley said: “A record number of businesses reach their
Free auto enrolment seminar for Sheffield SMEs
With the deadline for every employer to have a pension in place for their staff looming closer, businesses in Sheffield are invited to attend a free Auto Enrolment seminar to address the concerns of the SME business community. The seminar, which is taking place at DoubleTree by Hilton on Chesterfield Road
Pensions Select Committee pinpoints auto-enrolment risks
The Work and Pensions Select Committee has published a report highlighting the growing disquiet over the resilience of a number of master trust auto-enrolment pension schemes. The Committee also backed Federation Small Businesses (FSB) calls to do more to support pension saving among the 4.2 million self-employed people not covered by auto-enrolment
Make new financial year resolution to tackle major changes urges local specialist
Local business owners are being urged to make a vital New Financial Year resolution to meet major changes coming into effect in April. Will Swift who runs TaxAssist Accountants in Horsforth said: "Small businesses are facing an unprecedented amount of new legislation, tax rules and increased responsibilities and many of the
Small firms under pressure with auto-enrolment surge
New FSB research has found that although smaller firms generally believe ‘auto-enrolment’ will be good for their staff and that workers should save for the future, many are still unclear what they need to do, when they need to do it, and how much it will cost. Three in four business
SMEs risk fines in June 1 auto enrolment pensions countdown
Yorkshire businesses employing less than 30 staff could risk fines starting at £400 if they fail to be ready by June 1 to comply with the government’s auto-enrolment pension regulations. Barry Warne, partner and head of employment law at hlw Keeble Hawson, and independent financial adviser Erica Dietsch at Hawsons Wealth