September 2015 Newsletter ~ Issue 45
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Please take a few minutes to read this newsletter as it contains important information. Thank You |
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Headlines This Month:
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Thought for the day… Always set a good example for others. Be sincere and serious when you teach.
Titus |
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Insurance Premium Tax
Chancellor George Osborne announced in July of this year, that Insurance Premium Tax (IPT) will rise in November 2015 from 6% to 9.5% IPT was first introduced in 1994 and while it is a tax on insurers, they add it to the cost of policies. Millions of households and motorists face a sharp rise in the cost of new insurance policies later this year due to an increase in the tax insurers are charged. The tax increases apply to pet, car, mobile, contents, buildings and private medical insurance. There may also be an increase to any administration fees charged, such as for changing a name or address on a policy as the tax is government imposed at this stage too. You may be able to beat the increases by locking in quotes as early as 60 – 90 days before a policy is due to start. So if your insurance is due for renewal in the next few months it’s may be worth shopping around during September and October for a good deal. |
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Staff News The Staff at EasyBooks want to give our newest member
Megan Jonathan
a BIG welcome to the team. |
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Holiday Pay and Entitlement
“From July 1st 2015 claims for back pay for incorrectly calculated holiday pay were limited to two years. The law is changing significantly in respect to the calculation of holiday pay, and regular overtime and commission payments may need to be included… ” Lynn Watts hchr All workers have a statutory right to at least 5.6 weeks paid annual leave, which is 28 days paid holiday if you work five days a week. How much holiday you get is normally set out in your contract of employment. Your employer could choose to include public and bank holidays in the 5.6 weeks.
For a basic calculation of your leave allowance multiply the number of days you work a week by 5.6. For example, if you work a five day week you would be entitled to 28 days’ annual leave a year. 5 days x 5.6 weeks = 28 days If you’re a part-time worker, you’re still entitled to 5.6 x the number of days in your normal working week.For example, if you work two days a week you would be entitled to 11.2 days’ leave a year: 2 days x 5.6 weeks = 11.2 days You may find it useful to use the statutory holiday entitlement calculator on the GOV.UK website. You will also continue to be entitled to your holiday leave throughout your ordinary and additional maternity/paternity leave and adoption leave.
In order to qualify for the right to annual leave you need to be classed as a worker. If you’re self-employed, you have no statutory right to paid annual leave. |
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EasyBooks Self Assessment Deadline
for 2014/15
5pm, Friday, 6th November 2015 This is your FINAL EasyBooks Deadline
Anything brought in to us after this date will receive a 20% additional charge to the final invoice.
Please note – It is ESSENTIAL that each client notes these deadlines NOW as we will NOT be chasing individual clients for their paperwork. |
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- Posted by EasyBooks
- On 29th November 2015
- 0 Comments