Feed forward rather than feedback

Feed forward rather than feedback

People can respond negatively to constructive feedback – so feed forward instead. When we provide feedback to an employee, we share information in terms of how they are currently performing. When negative feedback is given, the individual can respond...
Podcasts as a marketing tool

Podcasts as a marketing tool

Businesses can use podcasts as an effective digital marketing tool. Podcasts are recordings of an audio discussion on a specific topic or theme such as business, travel or current affairs. They tend to consist of a series of episodes that listeners can download and...
Advisory fuel rate for company cars

Advisory fuel rate for company cars

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 March 2021. Where there has been a change the previous rate is shown in brackets.             Note that for hybrid cars you...
2021/22 national insurance bands

2021/22 national insurance bands

The thresholds for employee and employer national insurance contributions (NICs) have been increased by £1 a week for the 2021/22 tax year. Employees will be liable to 12% NICs between £184 and £967 a week (£50,270 a year). Employer contributions will start at £170 a...
Buy new equipment before 6 April?

Buy new equipment before 6 April?

Your business year end, not 5 April, is relevant for capital allowances purposes. If however you are running a business and making up accounts to 31 March or 5 April you should consider buying plant and machinery to take advantage of the £1 million Annual Investment...
VAT rules for construction sector started

VAT rules for construction sector started

The new “reverse charge” system of VAT accounting affects sub-contractors supplying their services to main contractors in the construction sector. Under the new rules, supplies of standard or reduced-rated building services between VAT-registered businesses in the...
Don’t lose your 2020/21 personal allowance

Don’t lose your 2020/21 personal allowance

For every £2 that your adjusted net income exceeds £100,000, the £12,500 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. The restriction applies between £100,000...
Get ready for the “off-payroll” working rules

Get ready for the “off-payroll” working rules

Where large or medium-sized organisations are paying workers via personal service companies (PSC) or agencies they will need to operate new procedures from 6 April 2021. The new rules will apply to partnerships, LLPs and larger charities as well as limited companies....
COVID-19 government support news

COVID-19 government support news

Below is our weekly roundup of changes to government support information generally and for businesses, employers and the self-employed.   Changes to the Coronavirus Job Retention Scheme (CJRS) The current version of the furlough scheme that started on 1 November...
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