Outsourcing Your Bookkeeping Will Save You Money

Most people think outsourcing your bookkeeping is not an economic way forward. Keeping a grip on costs is difficult for any business, especially startups where everything seems to cost more than you budget for. Payroll and staff costs are always a major part of those costs and on the surface it often seems cheaper to […]

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New National Minimum Wage And Living Wage Rates

The new National Minimum Wage and National Living Wage rates come into effect in April and must be paid to all qualifying staff. You should ensure that your Payroll systems take this into account. The New Rates The new rates are as follows:- 25 and Over – rises from £7.50 to £7.83 21 to 24 […]

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Minimum Pension Contributions Increase – Your Questions Answered

The minimum pension contributions for automatic enrolment pension schemes are due to increase at set times this year and next. All employers are required to make the minimum employer contributions to the workplace pension scheme for all qualifying staff.  It is your responsibility as an employer to make sure that the correct increases are put […]

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Payment Surcharges – The New Regulations

Payment surcharges are often used by SME’s to offset the costs of payment processing. New amendments to the regulations come into effect on 13 January 2018. There are severe penalties for non-compliance in addition to any civil action that may be taken by the Consumer. Your Bookkeeper should be aware of the new regulations and […]

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The Budget Provisions 2017

Farries Bookkeeping Services like to make sure our clients are well informed on the latest legislation so we have summarised the principal provisions of the 2017 Budget for you The VAT Threshold which will remain frozen at £85,000 for the next two years Business Rates will be indexed to Consumer Price Index from 2018 The […]

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