Changes to company size thresholds will become effective for periods commencing on or after 6 April 2025. By increasing the number of companies that qualify for simpler financial reporting, it is intended that the burden should be reduced for smaller businesses. The...
By Neil Armstrong, Tax Director They have been the subject of great controversy and protest since their announcement in October 2024, but various changes to taxes – be that inheritance tax, stamp duty, capital gains tax, or Employer National Insurance contributions –...
The rates for the National Living Wage (for those aged 21 and over) and the National Minimum Wage (for those of at least school leaving age) will increase on 1 April. The new rates are: 21 and over 18 to 20 Under 18 Apprentice April 2024 (current rate) £11.44 £8.60...
Upcoming increases in employer’s National Insurance Contributions and the National Minimum Wage from April are adding significant employment costs to organisations across all sectors. In response to these higher costs, employers planning to reduce staff levels...
By Karen Corry, Senior HR Consultant As employment costs continue to rise due to wage increases and higher Employer National Insurance Contributions (NIC), many businesses are overlooking an effective and cost-efficient solution: apprenticeships. Despite their clear...
As we continue to celebrate Apprenticeship Week here at Baker Tilly Mooney Moore, we are joined today by Niall Brolly. Like his colleague Patrick McGeary, Niall joined the firm directly from school and is in the first year of his apprenticeship, spending one day a...
