# EKW Group ## Posts - [Simplifying PAYE for Business Owners](https://ekwgroup.co.uk/simplifying-paye-for-business-owners/): Setting up a PAYE (Pay As You Earn) scheme can seem like a daunting task, but it’s a crucial step for ensuring your business stays compliant with tax and payroll regulations. Whether you’re hiring your first employee or expanding your team, here’s what you need to know: Register with HMRC The first step to setting up PAYE is to register your company with HMRC. Doing so will mean you can get a login for PAYE Online which allows you to check what you owe HMRC, pay your bill, view payment history, access tax codes, appeal penalties and more. Choose payroll… - [What Is Auto-Enrolment? Answering Your FAQs](https://ekwgroup.co.uk/what-is-auto-enrolment/): Wondering what auto-enrolment is all about? You’re not alone! We’ve put together answers to some of the most common questions to help you get to grips with this important aspect of workplace pensions. Let’s dive in!  What does auto-enrolment mean? Auto-enrolment means that employers are required to automatically enrol eligible employees into a workplace pension scheme. It’s a way to ensure employees are saving for retirement, with both the employee and employer making regular contributions. This process can be managed by your Payroll team or outsourced to specialists who provide auto-enrolment services.   Who does auto-enrolment apply to? All employers must… - [VAT Simplified for Your Business](https://ekwgroup.co.uk/vat-simplified-for-your-business/): VAT regulations can overwhelm even experienced business owners, with complex rules around registration thresholds, reclaim eligibility and scheme selection creating genuine confusion. That’s precisely why we’ve created this comprehensive guide to demystify the process. The fundamentals of VAT VAT operates as a consumption tax, meaning the end consumer ultimately bears the cost, and businesses act as intermediaries in this process. When you sell goods or services, you add VAT to the price and collect it from customers. Simultaneously, when purchasing from other VAT-registered businesses, you pay VAT that can be reclaimed. This system ensures you only remit the difference between… - [Why Every Business Needs a Dedicated Payroll Advisor](https://ekwgroup.co.uk/why-every-business-needs-a-dedicated-payroll-advisor/): Payroll might not be the most exciting part of running a business, but it is undeniably one of the most important. Getting it wrong can lead to unhappy employees, HMRC penalties and unnecessary stress. While some business owners manage payroll themselves, having a dedicated payroll advisor can make a huge difference. What does a payroll advisor do? A payroll advisor takes care of everything related to paying your employees correctly and staying compliant with HMRC. They handle PAYE and National Insurance calculations, process wages, manage statutory payments such as but not limited to sick pay and maternity leave, RTI submissions,… - [Government Sets Out Business Rates Overhaul Plans ](https://ekwgroup.co.uk/government-sets-out-business-rates-overhaul-plans/): The government has outlined its roadmap for reforming England’s business rate system, promising changes designed to boost investment whilst supporting struggling high street businesses.   Calculation methods under review One of the changes under consideration involves moving away from the current “slab” system of calculating business rates. At present, the tax rate applies to a property’s entire rateable value in one go.  The government is examining whether adopting a “slice” approach – similar to income tax bands where higher portions face increased rates – could encourage business investment and expansion.  Small business relief gets attention Current small business rates relief creates… - [Thousands Risk CGT Penalties After HMRC Software Fails to Update](https://ekwgroup.co.uk/thousands-risk-cgt-penalties/): Due to HMRC’s software not being updated to reflect the 2024 Autumn Budget’s tax rate increase, nearly 400,000 taxpayers who had capital gains tax (CGT) liabilities in 2023-24 risk receiving significant penalties.  What happened to HMRC’s system? Last Autumn’s Budget delivered a nasty surprise for investors when Rachel Reeves announced immediate changes to CGT rates. Basic-rate taxpayers now face an 18% charge instead of 10%, while higher earners must pay 24% rather than 20%. But the changes took effect after HMRC had finalised their software.  Anyone who sold assets after this date will find HMRC’s online system underestimates their tax… - [The Rise of AI in Workplace Disputes is Causing a Stir ](https://ekwgroup.co.uk/the-rise-of-ai-in-workplace-disputes/): Artificial intelligence (AI) could very well fundamentally reshape how workplace disputes emerge, develop and are resolved across Britain. As employers increasingly consider AI-powered hiring algorithms and performance management systems, a debate is emerging about whether this technology will make our day-to-days more efficient or create an entirely new category of employment law challenges.  The emerging legal environment UK employment tribunals are already grappling with unprecedented cases involving AI decision-making. The landmark case of Mr Manjang, who challenged AI-based facial recognition technology used by Uber for racial discrimination, represents just the tip of the iceberg. The Equality and Human Rights Commission’s… - [Accountants Face New Digital Money Laundering Threats ](https://ekwgroup.co.uk/new-digital-money-laundering-threats/): The government’s 2025 National Risk Assessment shows that accountants remain a main target for criminals wanting to launder money, with new digital threats making the situation more complex.  Same risk, new problems Accountancy services keep their high-risk status for money laundering – the same as in 2020 – whilst terrorist financing risks remain low. What’s different now is how criminals operate. The assessment found that criminals target specific accounting services: setting up and closing companies, bookkeeping, payroll, tax advice and trust services. These services make it easy to hide who really owns money and assets. Crime is going digital Fintech… - [What FRS 102 Updates Mean for Your Business](https://ekwgroup.co.uk/what-frs-102-updates-mean-for-your-business/): Significant changes are coming to UK financial reporting that could transform how your business accounts for leases, recognises revenue and presents its financial position.  The Financial Reporting Council (FRC) has introduced comprehensive updates to FRS 102, bringing UK accounting standards closer to international best practice, and these changes will affect businesses across all sectors.  With implementation required from 1 January 2026, now is the time to understand what’s changing and start preparing your business for the transition.  Lease accounting changes The biggest shock for many businesses will be the transformation of lease accounting. Following IFRS 16 principles, the traditional distinction… - [New Government Plan: Impact on Small Retail & Hospitality](https://ekwgroup.co.uk/new-government-plan-impact-on-small-retail-hospitality/): The government has announced a wide-ranging plan to support small businesses, and if you’re running a hospitality or retail business, it could offer some much-needed breathing space.  While the plan covers many areas, here’s a look at the key changes that matter most for our high streets, shops, cafés, pubs, restaurants and local venues.    Business rates are here to stay Business rates have long been a major burden for hospitality and retail, especially for small, bricks-and-mortar businesses.  As part of the new strategy, the government is making permanent reforms to the business rates system, including lower multipliers for retail,… - [Sarah Lindup v Bright HR: When HR gets it wrong](https://ekwgroup.co.uk/sarah-lindup-v-bright-hr-when-hr-gets-it-wrong/): It’s always surprising when a company offering HR support is taken to tribunal for mishandling something as fundamental as maternity leave, but that’s exactly what happened in the recent case of Sarah Lindup v Bright HR Ltd.    What went wrong ? Sarah Lindup, a high-perfoming sales employee earning a salary of £65,000, went on maternity leave in 2022 after being assured her position would remain open. However, following a departmental shake-up and management changes, she was later told (allegedly with laughter) that her role no longer existed.  On her return, she was placed in a much lower-paid job with… - [HMRC Cancels MTD for Corporation Tax Plans](https://ekwgroup.co.uk/hmrc-cancels-mtd-for-corporation-tax-plans/): The digital transformation programme that would have required companies to maintain digital records and submit returns through MTD-compatible software has been cancelled entirely. What’s been cancelled? All planned MTD for Corporation Tax requirements have been withdrawn, including digital record-keeping mandates and MTD software compliance. This affects companies of all sizes that would have been brought into the regime.  Reason for the decision HMRC’s latest tax gap analysis questioned whether MTD for Corporation Tax would deliver the anticipated benefits. The programme’s key justification – reducing tax gaps through fewer errors and careless mistakes – appears less compelling than originally projected.  Immediate… - [HMRC’s Transformation Roadmap: New digital tax solutions ](https://ekwgroup.co.uk/hmrcs-new-digital-tax-solutions/): HMRC has unveiled an ambitious Transformation Roadmap comprising over 50 digital initiatives aimed at revolutionising how taxpayers and agents interact with the tax system.  Published on 21 July 2025, the comprehensive plan outlines HMRC’s commitment to becoming a truly digital first organisation by 2029/30.  Digital-first strategy takes shape HMRC aims for 90% of all interactions to be conducted digitally within five years, up from the current 76%. This dramatic shift will centre around enhanced self-service options and more efficient processes for both taxpayers and their representatives.   A standout development is the new online service for PAYE taxpayers launching in 2025/26.… - [Government Reintroduces EV Purchase Discounts](https://ekwgroup.co.uk/government-reintroduces-ev-purchase-discounts/): The wait is finally over for British motorists eyeing the switch to electric. Three years after scrapping similar grants in 2022, the Government has brought back financial incentives for electric vehicle purchases that promise substantial savings for drivers.  What’s on offer The new grant scheme represents a significant U-turn in Government policy, offering discounts of between £1,500 and £3,750 on qualifying electric vehicles. Unlike previous iterations, this programme targets cars priced up to £37,000, ensuring the benefits reach mainstream buyers rather than just luxury vehicle purchasers. The Department for Transport has allocated £650 million to fund the three-year initiative, with… - [Changes to FHL Tax Regime You Need to Know](https://ekwgroup.co.uk/changes-to-fhl-tax-regime-you-need-to-know/): Do you own a holiday home?   In the 2024 Spring Budget, the government confirmed it would be abolishing the furnished holiday let (FHL) tax regime. The changes came into effect this year on 1 April for companies and 6 April for individuals renting out or selling FHL properties. So, what do these changes mean for you and your business?   What qualifies as an FHL? To qualify as an FHL, a property must meet all of the following conditions:  Be located in the UK or a European Economic Area (EEA)  Be fully furnished, meaning there must be sufficient furniture provided for… - [HMRC to Ramp Up SME Investigations](https://ekwgroup.co.uk/hmrc-to-ramp-up-sme-investigations/): The latest figures from HM Revenue and Customs (HMRC) paint a concerning picture for UK businesses.   The tax gap (the difference between what should be collected and what actually is) has reached a record £46.8 billion for the 2023/24 financial year, representing 5.3% of total tax due.   Why SMEs are in the spotlight Small businesses account for a staggering 60% of this tax shortfall. The data reveals that corporation tax contributes 40% of the overall gap, with the main causes being:  failure to take reasonable care (31%)  genuine errors (15%)   deliberate evasion (14%)  HMRC’s enhanced enforcement strategy The government has… - [Employment Rights Bill Implementation Roadmap](https://ekwgroup.co.uk/employment-rights-bill/): The Employment Rights Bill is rolling out the most significant employment law overhaul in decades. Here’s your essential guide to what’s changing and when it affects your business.  The Employment Rights Bill timeline Understanding the rollout schedule is crucial for business planning and compliance.  When: At Royal Assent or Shortly Afterwards  Strike laws scrapped – minimum service level requirements disappear  Trade union restrictions lifted – 2016 Act provisions reversed  Political fund ballots simplified – 10-year requirement gone  Strike paperwork refined – easier industrial action processes  Workers protected – can’t be fired for taking lawful industrial action  When: April 2026   Redundancy… - [Your P11D form submission checklist for 2025](https://ekwgroup.co.uk/your-p11d-form-submission-checklist-for-2025/): The clock is ticking for employers across the UK with the 6 July P11D form deadline fast approaching. With this year’s date falling on a Sunday, it’s all the more crucial to get your paperwork sorted well in advance. What you need to submit For the 2024/25 tax year, employers must file two key documents with HMRC:  Form P11D: This must be completed for each employee who received benefits in kind that haven’t been processed through your payroll system, covering everything from company cars to private medical insurance  Form P11D(b): This calculates the total Class 1A National Insurance contributions (NICs)… - [Director ID Verification: Changes explained](https://ekwgroup.co.uk/new-director-identity-verification-requirements/): Following regulatory changes that took effect on 25 February 2025, directors now have the option to verify their identity with Companies House. This voluntary process will transition to a mandatory requirement by late 2026, making it essential for all company directors to understand the implications. Current voluntary verification period During this transitional phase, new directors may choose to verify their identity through an authorised professional such as an accountant or solicitor. While compliance remains optional until late 2026, directors must continue providing identification details when submitting annual confirmation statements. Regulatory objectives behind identity verification These measures form part of broader… - [MTD IT: Preparing for the digital tax shift](https://ekwgroup.co.uk/mtd-it-preparing-for-the-digital-tax-shift/): Making Tax Digital for Income Tax (MTD IT) is coming, and represents a significant shift in how businesses and landlords will manage their tax compliance.  What is MTD IT? A government initiative to digitise the tax system for self-employed individuals, sole traders and landlords. The new system requires maintaining digital records and submitting quarterly updates to HMRC through compatible software, moving away from the traditional annual reporting cycle.  What is a qualifying income for MTD IT? The implementation follows a phased approach based on qualifying income thresholds: Over £50,000 (by April 2026) Over £30,000 (by April 2027) Over £20,000 (by… - [Neonatal Care Leave and Pay From 6 April 2025](https://ekwgroup.co.uk/neonatal-care-leave-and-pay-from-6-april-2025/): The Neonatal Care (Leave and Pay) Act is bringing in neonatal care leave (NCL), a new entitlement that will come into effect on 6 April 2025. It is designed to help parents take time off when their baby needs special care and, with this change, employers need to be up to date on who’s eligible, how long the leave lasts and how to handle pay and protections What is “neonatal care”? The Act defines three types of medical care that count as neonatal care:  Any medical care received in a hospital Any care that doesn’t fit these definitions, or that… - [HMRC to Contact Taxpayers About Making Tax Digital](https://ekwgroup.co.uk/hmrc-to-contact-taxpayers-about-making-tax-digital/): Big changes are on the horizon for sole traders and landlords. From April 2025, HMRC will begin reaching out to individuals who may need to comply with Making Tax Digital (MTD) for Income Tax starting in April 2026. If you’re self-employed or earn rental income, it’s time to prepare for these changes.  Who needs to comply with MTD for Income Tax? MTD for Income Tax is being rolled out gradually, with compliance based on total sales and rental income: From 6 April 2026: Individuals with an annual turnover exceeding £50,000 must comply From 6 April 2027: Individuals with an annual… - [Preparing for the 2025 National Minimum Wage Increase](https://ekwgroup.co.uk/preparing-for-the-2025-national-minimum-wage-increase/): The National Minimum Wage (NMW) is set to rise again in April 2025, meaning businesses across the UK will need to prepare for the impact on their payroll. Here’s a quick guide to help you navigate the increases and how EKW Group can help. Age-based minimum wage rates: The minimum wage rates in the UK vary based on age, with different rates applying to different age groups. Below we have outlined the updated wage rates compared to the previous ones. Ages  Before   After (1st April 2025)  21 and over (NLW)  £11.44  £12.21  18-20  £8.60  £10.00 Under 18 £6.40 £7.55 Apprentice… - [Mastering Startup Finances: Budgeting, Forecasting and Cash Flow ](https://ekwgroup.co.uk/mastering-startup-finances-budgeting-forecasting-and-cash-flow/): Starting a new business is an exciting challenge, but getting your finances right from the outset is crucial for long-term success. That’s why we’ve created the “Getting the Basics Right” series – to guide startups through essential steps for growth. We’ve already covered registering your business and securing legal protection. Now, it’s time to master your finances.  Effective budgeting, forecasting and cash flow management are key to making informed decisions, allocating resources wisely and navigating market uncertainties. Proper financial management helps steer your business toward growth and avoids risks that could threaten its future.  Creating a startup budget There are… - [Neonatal Care (Leave and Pay) Act: Everything You Need to Know ](https://ekwgroup.co.uk/neonatal-care-leave-and-pay-act-everything-you-need-to-know/): The government confirmed on 20th January that working families with babies in neonatal care will be entitled to additional time off as a day one right. This will take effect from 6th April 2025.  According to gov.uk, the introduction of this new right will benefit around 60,000 new parents, allowing parents to focus on supporting their family without the worry of having to prioritise work over their baby’s care.  What changes will the Act bring? Many campaign groups have advocated for this Act to pass, which will provide parents of newborns with some much-needed relief. The Act grants both parents… - [Maximise Business Efficiency with Outsourced HR Services ](https://ekwgroup.co.uk/maximise-business-efficiency-with-outsourced-hr-services/): In today’s fast-paced business world, maintaining efficiency is critical for staying competitive. Companies across various industries are increasingly turning to outsourcing as a strategic approach to streamline operations. One area where outsourcing is making a significant impact is in Human Resources (HR) management.  At EKW Group, we offer comprehensive outsourced HR services as part of our business solutions, integrating HR management with accounting and compliance expertise, specifically in employment law.  Access to Specialised HR Expertise  Outsourcing HR gives businesses access to professionals who specialise in every aspect of HR management, from recruitment and payroll administration to employee relations and compliance.… - [Registering Your New Business: A Step-by-Step Guide](https://ekwgroup.co.uk/registering-your-new-business-a-step-by-step-guide/): Starting a new business is an exciting journey, but taking the right steps from the outset is crucial to ensure legal protection and long-term success. That’s why EKW Group has created the “Getting the Basics Right” series—designed to guide startups through the essential steps and complexities of launching a business. The first crucial step? Registering your business. This process establishes its legal identity, ensures compliance with regulations and helps secure the necessary licences and permits. We’ve simplified the steps to ensure you meet all legal requirements and lay a strong foundation for your new venture. Choose a business name The… - [How You Can Support Local for Small Business Saturday ](https://ekwgroup.co.uk/how-you-can-support-local-for-small-business-saturday/): Small Business Saturday is just around the corner on the 7th of December, so there’s no better time to show some love to local businesses that make your community unique. Here’s how you can make a difference this Saturday and beyond!  Shop locally  Using the official Small Business Saturday Finder, you can search for small businesses in your area by industry. Opting for small businesses over big chains means you can directly support the owners and employees. Plus, with many small businesses now offering online shopping, it’s never been easier to shop locally.   Leave reviews and recommendations  Leaving a positive… - [Understanding Payroll Procedures](https://ekwgroup.co.uk/understanding-payroll-procedures/): Setting up and managing payroll can be complex and time-consuming for any business. With EKW Group’s expert payroll service, you can outsource this critical function and focus on what you do best – running your business.  Here’s a concise guide to basic payroll procedures, highlighting how EKW Group simplifies each step. See the guide below:   Setting Up PAYE with HMRC To set up a Pay As You Earn (PAYE) scheme, contact the New Employer’s Helpline on 0300 200 3211 or register online via the GOV.UK website. As an employer, you’ll handle PAYE, calculate National Insurance Contributions (NICs), and manage statutory… - [The new duty to prevent sexual harassment at work ](https://ekwgroup.co.uk/the-new-duty-to-prevent-sexual-harassment-at-work/): Under the Worker Protection (Amendment of Equality Act 2010) Act 2023, new measures took effect on 26 October 2024 regarding sexual harassment in the workplace. According to the Government Equalities Office, nearly 72% of the UK population have faced sexual harassment in the workplace at some point in their lives, highlighting the urgent need for government action on this issue.  Employers must be ready for the upcoming legal changes, as non-compliance could lead to employment tribunals increasing discrimination compensation by up to 25% if a breach of duty is found. This article explores the implications of the new duty and… - [Autumn Budget 2024: How Will Fuel Retailers Be Impacted? ](https://ekwgroup.co.uk/autumn-budget-2024-how-will-fuel-retailers-be-impacted/): As the 2024 Autumn Budget approaches, uncertainty surrounds what to expect and how to prepare, leaving fuel retailers concerned about potential changes and their impact on the industry.   At EKW Group, we stay informed about developments that could affect your business, ensuring you’re fully equipped for whatever the Autumn Budget brings.   Here are some of the rumoured changes that could impact fuel retailers.   Will the Autumn Budget finally bring PumpWatch?  As the 2024 Autumn Budget approaches, the industry is keen to see if the government will officially launch the PumpWatch scheme. Expected to boost fuel price transparency, the scheme would… - [Double-Entry Bookkeeping ](https://ekwgroup.co.uk/double-entry-bookkeeping/): Double-entry bookkeeping showcases the true nature of business – you can’t receive something for nothing. No matter what your business obtains, it’s because you gave something up.   This is evident across a variety of avenues in which a business can gain revenue: Sold goods? You gave up inventory. Got an investor? You gave up equity. Took a loan? You now have a debt.   Thankfully, this is common practice in any business. However, businesses can struggle to acknowledge both sides of each transaction and have it recorded. This is why double-entry bookkeeping serves as your reliable framework, ensuring all your transactions… - [Basis Period Reform: What does it mean for your business?](https://ekwgroup.co.uk/basis-period-reform/): You may have heard the phrase ‘basis period reform’ circulating recently – particularly over the past week! HMRC’s reforms to the basis period method for taxation are now in full swing, impacting unincorporated businesses and limited liability partnerships (LLPs). These changes have altered how profits are taxed, significantly affecting financial planning and cash flow for affected businesses. Therefore, it is vital to understand these changes to avoid being caught out.   We can help you to navigate these changes, working alongside you to ensure a smooth transition for taxation purposes.  Transition Period: Tax Year 2023/24  Under previous rules, taxation was based… - [Company culture: Growing a productive workplace](https://ekwgroup.co.uk/company-culture-growing-a-productive-workplace/): Have you ever considered the value of company culture in reaching your long-term goals?   At EKW Group, prioritising our employees isn’t just a formality – it’s at the core of our values. We’re dedicated to cultivating a dynamic and inclusive workplace culture that serves as the foundation for employee growth and fulfilment.   Cultivating a positive work atmosphere that promotes collaboration, innovation, and employee wellbeing ultimately drives your organisation toward its goals, whilst fostering a sense of belonging amongst employees.   Want to know how we do it? We’ve shared our top strategies to create a culture where employees feel valued, engaged,… - [ISAs: Upcoming Changes for Saving Accounts ](https://ekwgroup.co.uk/isas-upcoming-changes-for-saving-accounts/): Did you know accountants play a crucial role in helping individuals navigate ISA rule changes? Here at EKW Group, our proficiency in this area equips our clients with the necessary insights to make well-informed decisions concerning ISAs. We prioritise optimising tax efficiency and aligning strategies with their financial goals, ensuring they can navigate any changes effectively.  So, what exactly are the changes?   ISAs are widely recognised as popular and easily accessible saving tools, known for their tax-advantaged status. Currently, there are five available types of ISAs:   What are the changes?   As announced in November, the changes to ISAs include:   Additionally,… - [Why do you need a specialist franchise accountant?](https://ekwgroup.co.uk/why-do-you-need-a-specialist-franchise-accountant/): If you’re considering venturing into franchising, whether as a franchisee or franchisor, having the right team by your side is paramount.   At EKWGroup, we have been at the heart of the British franchising industry for generations, with a team of specialist franchise accountants dedicated to supporting your business journey. Our comprehensive business solutions are tailored to the unique needs of your franchise, with robust financial strategies offering seamless operational execution from day one!    Whether you‘re operating in retail, convenience, kitchen manufacturing, optometry and more, we can provide the support to tackle your needs head on!  But what exactly are the… - [Changes to Childcare Incentives](https://ekwgroup.co.uk/changes-to-childcare-incentives/): Today, we’re diving into a topic that holds immense significance for families, employers, and society as a whole: the government’s contribution towards childcare costs. Finally, we see the government stepping in to offer significant benefits, primarily in the form of financial relief for parents and an increased workforce for employers alike.  The government’s support for childcare costs goes beyond mere financial assistance; it plays a pivotal role in shaping various aspects of our society. By alleviating the financial burden of childcare, it enables parents to pursue work or educational opportunities. Last year’s reports indicated that 13% of the UK population… - [Charitable gifting and other ways to reduce taxable income](https://ekwgroup.co.uk/charitable-gifting-and-other-ways-to-reduce-taxable-income/): With the tax year-end fast approaching, we’re sure that a couple of things are on your mind – reducing your 2023/24 tax bill and utilising allowances. It’s not too late to try and minimise your taxable income and maximise profit before 5th April 2024; there are a few ways to do this, with varying benefits to your finances.   Whether donating to charity, topping up your pension, or maximising savings allowances available, let’s take a look at strategies to help you make some last-minute tax savings!  1. Pension  If you have maximised your tax-free personal allowance and dividend allowance, then why… - [The Re-introduction of Employment Tribunal Fees](https://ekwgroup.co.uk/the-re-introduction-of-employment-tribunal-fees/): The Ministry of Justice is currently undergoing a consultation to reintroduce Employment Tribunal fees, which is set to close today (25th March). Although resolving workplace conflicts out of court is desired, being able to seek fair and accessible legal processes is fundamental for employees. Pending the consultation results, these proposed adjustments will impact how individuals access justice in employment-related disputes.   As part of our enhanced business solutions offering, we provide outsourced HR services to help businesses navigate these changes to ensure all employees feel valued, supported, and empowered in the workplace.   The Proposal   The Employment Tribunals have long been recognised as… - [National Minimum Wage and National Insurance Changes ](https://ekwgroup.co.uk/national-minimum-wage-and-national-insurance-changes/): As we prepare for the new fiscal period in April 2024, staying proactive and well-informed about payroll changes is paramount for businesses of all sizes. After this year’s Spring Budget, the Chancellor has announced changes that will certainly affect payroll, emphasising the need to stay proactive to such adjustments.   While we may all be familiar with the planned National Minimum Wage (NMW) increase, Mr Hunt will implement a cut to National Insurance (NI) by 2p, aimed to support businesses and individuals.   National Insurance Cut   From 6th April, the starting rate for NI will change from 10% to 8%. Following a… - [Recent Changes to Right to Work Fines](https://ekwgroup.co.uk/recent-changes-to-right-to-work-fines/): Struggling to navigate Right to Work fines as a UK employer? A topic that might not always be top of mind but is important, nonetheless. As HR professionals it’s our responsibility to ensure our employees have the legal right to work in the UK. To help you navigate the process, this blog will cover the recent update surrounding fines for hiring illegal workers.   At some point, you may have had the opportunity to hire someone from abroad within your organisation. This can come with certain checks but most importantly, employers must conduct rigorous check to ensure all employees possess the… - [Changes to Paternity Leave](https://ekwgroup.co.uk/changes-to-paternity-leave/): Amidst the ever-changing scope of parental rights and workplace dynamics, a significant development has been made regarding paternity leave. The change to Statutory Paternity Leave (SPL) will come into effect from 6th April 2024, evolving outdated regulations to give employed fathers more flexibility in scheduling their leave. These amendments aim to provide a better work-life balance and foster enhanced diversity and inclusion within organisations.   Implementation Following on from a government consultation in 2019, the Paternity Leave (Amendment) Regulations will come into effect on 8th March, affecting children expected to be born after April 6th. This change will enable fathers and… - [Profit Extraction from your Optometry business ](https://ekwgroup.co.uk/profit-extraction-from-your-optometry-business/): Once your optometry business is up and running successfully, there’ll be one thing at the forefront of your mind – which method of profit extraction is best?  Establishing how to earn a comfortable salary from your business in the most tax efficient way possible is a key goal of many new business owners. Once you’ve taken away the running costs, such as ordering stock, paying employees, meeting franchise requirements, and investing in equipment, there are a few key ways that you can extract an income from the remaining profit.  There are varying factors that will influence the efficiency of different… - [Preparing to report your gender pay gap](https://ekwgroup.co.uk/preparing-to-report-your-gender-pay-gap/): Whether you’re a seasoned pro or a newbie to the process, reporting your gender pay gap is not just a legal obligation, but also a crucial step towards fostering a fair and inclusive workplace culture. So, why is this important? Well, aside from being a legal requirement for companies with 250 or more employees, addressing the gender pay gap is essential for promoting equality and diversity within our organisations. By shining a light on any disparities in pay between male and female employees, we can identify areas for improvement and take meaningful action to bridge the gap.  When is the… - [Tax Planning for Optometry Franchises](https://ekwgroup.co.uk/tax-planning-for-optometry-franchises/): It’s no secret that planning is the key to success when it comes to operating your business, and tax planning is no different.   It’s easy to fall into a cycle of perceiving tax as a matter of simply satisfying your obligations each time the deadlines come round. With some effective planning, however, you may be able to make significant savings that benefit your business – and your pocket – in the long run.  Tailored to the unique needs of your business, our Tax Planning services are designed to help you navigate tax compliance efficiently, so that you can focus on… - [Outsourcing HR Services with EKW Group](https://ekwgroup.co.uk/outsourcing-hr-services-with-ekw-group/): In modern business, efficiency is pivotal. Companies in any industry are in a constant strive to stay competitive while remaining efficient. In turn, companies are considering outsourcing as a strategic solution to streamline operations. One area where outsourcing is proving to be beneficial is Human Resources (HR) management.  As part of our enhanced business solutions service offering, we provide outsourced HR services to businesses across the nation, integrating accounting and compliance with employment law.  Specialised Expertise   By outsourcing HR services, you are employing professionals who specialise in all aspects of human resources management that you may not have available internally.… - [Spring Budget Predictions 2024](https://ekwgroup.co.uk/spring-budget-predictions-2024/): Are you feeling optimistic ahead of the 2024 Spring Budget? Following the Autumn Statement’s focus on ‘backing British businesses’, and with a General Election on the horizon, we may see announcements that attempt to woo business owners and individuals in the build-up to election campaigns.   Scheduled for Wednesday 6th March, predictions are already circulating about what exactly the Chancellor has in store for the nation. From VAT changes to employment support, check out what we think may be included in the 2024 Spring Budget!  Increased VAT threshold  Having been set at £85,000 since April 2017, it’s no secret that an… - [NAW2024: From apprentice to payroll professional](https://ekwgroup.co.uk/naw2024-from-apprentice-to-payroll-professional/): Wondering how to develop skills for life? This National Apprenticeship Week focuses on how apprenticeship schemes promote career-long learning and facilitate the development of valuable skills for life.  Take a look at how some of our past apprentices kickstarted their career with an apprenticeship at EKW Group: Our self-proclaimed ‘Queen of Sage’, Ashleigh, joined the team in 2009 as a Business Administration Apprentice, and has progressed through the payroll ranks ever since! Our resident ‘Pensions Pro’ Yasmin, also joined as a Business Administration Apprentice in 2015, and has since flourished into a fully-fledged payroll expert – find out more below…… - [National Apprenticeship Week: Develop skills for life in accounting](https://ekwgroup.co.uk/national-apprenticeship-week-develop-skills-for-life-in-accounting/): Are you looking to begin a long-lasting career in a field that you’re passionate about? Perhaps an apprenticeship could be the right route for you. At EKW Group we’re proud to nurture local talent into the specialist accountants of tomorrow, with our apprenticeship schemes providing an accessible route to success.   Take Dan, for example, who started his apprenticeship at the beginning of 2022. After two years of learning on the job with us, he has shared an insight into what life is like as an EKW Group apprentice.   Dan Buttress – Assistant Accountant Apprentice Q: So, could you share a… - [Apprenticeships: Myths vs Realities  ](https://ekwgroup.co.uk/apprenticeships-myths-vs-realities/): This week we’re celebrating National Apprenticeship Week, drawing the nation’s attention to the value of apprenticeships as a career route. Apprenticeships serve as an exceptional foundation across many industries, equipping individuals with the essential skills and experience needed to cultivate a successful career.  At EKW Group we provide an accessible route into a career in accounting and payroll, through our various apprenticeship programmes. However, we feel that apprenticeships are sometimes paired with misconceptions that may deter people from finding their true passion – this National Apprenticeship Week, we’re here to put those rumours to rest.   Take a look below at… - [VAT in Optometry: all you need to know](https://ekwgroup.co.uk/vat-in-optometry-all-you-need-to-know/): When starting your own business, there are a multitude of factors you will need to consider – tax planning (more specifically VAT) being one of them. VAT is already an intimidating prospect to navigate, let alone once you consider sector-specific treatments. The VAT treatment of an optometry practice differs to the standard, so it’s vital that you understand how it works for your business. We can work alongside you to calculate your business’ VAT without a hitch, ensuring a smooth and compliant VAT return process. So why is it different in optometry?  As an optometry practice, you’re providing a multifaceted… - [The Basics Of Franchising: Starting a Successful Business](https://ekwgroup.co.uk/the-basics-of-franchising-starting-a-successful-business/): The idea of owning a business is a thought that will have crossed everyone’s mind at one point or another. The potential to operate and manage your own organisation, while exciting, can be rather daunting. However, the franchise business model is the perfect solution to follow your entrepreneurial dreams with less risk involved.  This guide aims to provide an introduction to franchising, understanding how it works and why you may consider franchising What is Franchising?  Franchising is a business model where the creator of a valuable business idea (the franchisor) will sell the rights to use their name and idea… - [Season of giving: The tax-free gifting option for employers](https://ekwgroup.co.uk/season-of-giving-the-tax-free-gifting-option-for-employers/): With less than two weeks to go until Christmas, you may be looking for some last minute ways to show appreciation for your team’s hard work throughout 2023. While many employers opt to pay their employees a bonus in their December payslip, some may want to give a physical gift or voucher instead (or as well!). If you are choosing to give a physical gift or voucher, then you may not have to pay tax on it, should it qualify as a ‘trivial benefit’. Trivial benefits are tax-free, providing that: To qualify as trivial, the gift must satisfy all of… - [Autumn Statement Summary 23](https://ekwgroup.co.uk/autumn-statement-2023/): Yesterday, Jeremy Hunt delivered the 2023 Autumn Statement, his third fiscal announcement as Chancellor of the Exchequer. Following the OBR’s recent confirmation that inflation has halved since January, the statement featured a stronger focus on tax cuts and allowances than expected – not that we’re complaining! The motif ‘Backing British Businesses’ featured prominently throughout the statement, with 110 measures for business announced, including imminent tax cuts and allowances. We were pleased to see the value of the UK’s SMEs acknowledged, and how business investment can funnel money back into the economy; create jobs across multiple sectors; and bring business to… - [Autumn Statement 2023: What it could mean for you](https://ekwgroup.co.uk/autumn-statement-2023-what-it-could-mean-for-you/): As we continue to speed through November, it can only mean one thing; the Autumn Statement is just around the corner. The Autumn Statement gives Chancellor of the Exchequer, Jeremy Hunt the opportunity to update the nation on the government’s plans for the economy, informed by the Economic and Fiscal outlook provided by the Office for Budget Responsibility. With the government adamant that this year’s statement will not focus on tax cuts, but rather on curbing inflation, we have shared some of our predictions for the Autumn Statement next week, and what they could mean for you. Our predictions for… - [The Xero apps to boost your cloud accounting experience](https://ekwgroup.co.uk/the-xero-apps-to-boost-your-cloud-accounting-experience/): Are you using cloud accounting to its maximum potential? We recently shared an introduction to the Xero cloud accounting technology that we use at EKWilliams, to help meet our clients’ accounting needs. One of the main benefits to using Xero is how customisable it is to your business’ needs, thanks to the multitude of apps available on Xero Marketplace. Each app is designed to streamline a different element of your business operations. From importing documents, to enhancing your reporting, you can tailor Xero’s functions to your business. With this in mind, we thought we’d introduce the Xero-compatible apps that we use, as… - [Getting ahead of the game for your December payroll](https://ekwgroup.co.uk/getting-ahead-of-the-game-for-your-december-payroll/): It might seem a bit early to be planning for Christmas; but with October in full swing, there’s no denying the festive period is fast approaching! As we enter into the final three months of 2023, it’s time to begin forming a plan of action for your December payroll – there are a number of payroll practicalities to consider that differ from the previous 11 months of the year. We aim to work alongside our clients in the build up to the festive period, to ensure that their employees continue to be paid correctly and on-time. And at EKW Group,… - [The Benefits of Outsourcing Your Payroll](https://ekwgroup.co.uk/the-benefits-of-outsourcing-your-payroll/): How efficient is your payroll? Although it may seem obvious, maintaining a smooth and accurate payroll system is key to employee satisfaction and retention. In fact, MHR found that in 2022, almost 88% of organisations made payroll mistakes that led to employees receiving their wage late or incorrectly. Payroll mistakes can not only cause unnecessary stress for employees, but can also have a detrimental impact on your organisation’s reputation. But how can this risk be mitigated? One way to ensure your organisation doesn’t fall short on its payroll obligations is to outsource your payroll. Outsourcing is the practice by which a business… - [Should You Review Your Organisation’s Social Media Policy?](https://ekwgroup.co.uk/should-you-review-your-organisations-social-media-policy/): Social media is constantly evolving, and in line with this, it’s crucial that your company’s policies do too. Whether you subscribe to it as a phenomenon or not, social media is here to stay. With 57.1 million active social media users in the UK alone, perhaps it’s time to re-evaluate your social media policy to keep up.  There are a number of factors to consider when designing a policy that is right for your company. It’s inevitable that your main priority is to protect your reputation. However, there are several other factors you can include, such as how social media influences your… - [EKW Group Takes On the ETL Challenge](https://ekwgroup.co.uk/ekw-group-takes-on-the-etl-challenge/): In September, our Account Assistant, Dan, swapped our office in Bolton for the ETL GLOBAL España office in Barcelona! This was part of the ETL Challenge, a new initiative from ETL GLOBAL which allows members to experience how ETL firms in different countries carry out their day-to-day operations, learn about their strategies, and how accounting processes and regulations differ internationally. As one of the first participants in the ETL Challenge, along with Brett Wright from EKWilliams, Dan has shared an insight to his time at the ETL GLOBAL España office… Experiencing Spanish working life… On our first day in the office we… - [Why our team #choosepayroll](https://ekwgroup.co.uk/why-our-team-choosepayroll/): Did you know it’s National Payroll Week this week? We’re seizing this opportunity to show our appreciation for our payroll team! At EKW Group, our team provides outsourced payroll services to organisations across the nation, ensuring that employees up and down the country are paid correctly and on time each month. This year, the CIPP are focusing on the reasons why payroll professionals #choosepayroll. With this in mind, we’ve asked Marcus, Joanne, Sam and Ashleigh from the EKW Group team what they enjoy about their chosen career… Marcus, Payroll Specialist “I chose payroll after it was sold to me by… - [Is artificial intelligence really taking over?](https://ekwgroup.co.uk/is-artificial-intelligence-really-taking-over/): It’s fair to say that artificial intelligence (AI) has recently taken the world by storm, with unprecedented advancements dividing the opinions of professionals across many industries. In fact, the 2022 Public Attitudes to Data and AI (PADAI) Tracker Survey found that 34% of UK adults believed the impact of AI on job opportunities has been negative, whereas 33% believed it has been positive; emphasising this divide. While it’s inevitable to question whether artificially intelligent systems are here to take over, it’s important that we embrace their potential to streamline everyday tasks in the workplace. Everyday use of AI Let’s take… - [The nine-day fortnight: What could it mean for your office?](https://ekwgroup.co.uk/the-nine-day-fortnight-what-could-it-mean-for-your-office/): As the discourse surrounding work-life balance and flexible working continues to sit at the forefront of public conversation, there are consistently new methods emerging of how employers can help to support the wellbeing of their workforce.  The Employment Relations (Flexible Working) Bill was passed on 20th July, making the right to request flexible working a day-one right for employees starting in a new job. Modified working patterns appear to be one of the most popular, with trials of a four-day week taking the world by storm earlier this year. However, the four-day week now has competition, as some workplaces have… - [Is it time to review your personal relationships policy?](https://ekwgroup.co.uk/is-it-time-to-review-your-personal-relationships-policy/): This article focuses on personal relationships of a romantic nature between colleagues, although aspects could apply to personal relationships defined by a family connection (for example, annual leave and preferential treatment).  Does your company have an up-to-date personal relationships policy? When you consider how much time your workforce spend with each other, it’s inevitable that the occasional intimate relationship will form amongst colleagues. However, without a rigid policy in place, a seemingly harmless relationship could turn into a rom-com gone wrong!  A personal relationship policy will protect the best interests of your organisation and its employees, outlining its position on… - [Government announces update to childcare incentives](https://ekwgroup.co.uk/government-announces-update-to-childcare-incentives/): Are childcare costs discouraging parents from returning to work? That could be the case, given that the average cost of sending a child under two years old to nursery for 50 hours a week is £263.81.  Last week’s budget has fondly been nicknamed the ‘back to work budget’, thanks to the focus on encouraging the population back into the workplace. This comes as the number of 16-64 year olds in employment has not yet returned to pre-pandemic levels, despite everyday life seemingly being back to normal. As it stands, there are 8.86 million economically inactive people, currently not seeking paid… - [What will the draft statutory Code of Practice mean for employers?](https://ekwgroup.co.uk/what-will-the-draft-statutory-code-of-practice-mean-for-employers/): Following numerous fire and rehire scandals by household name companies, the government is currently in consultation about releasing a draft statutory Code of Practice. The consultation is set to end at 11:45pm on 18th April 2023, and will set out employers’ responsibilities when seeking to change employment conditions, hopefully making it more difficult to fire and rehire staff. Grant Shapps MP, the Secretary of State for Business, Energy and Industrial Strategy, explained that: ‘The government has been clear that threats of dismissal and re-engagement should not be used as a negotiation tactic. Dismissal and re-engagement should only be considered as… - [The Protection from Redundancy (Pregnancy and Family leave) Bill: What you need to know](https://ekwgroup.co.uk/the-protection-from-redundancy-pregnancy-and-family-leave-bill-what-you-need-to-know/): Pregnancy and maternity leave should be a time where parents can prepare for and enjoy the arrival of their child. However, for one in four expectant mothers, this is marred by the anxiety of telling their employer, due to a fear of unfairly being made redundant.  Despite pregnancy and maternity being a protected characteristic under the Equality Act 2010, new parents are currently only protected from redundancy during maternity, shared parental or adoption leave. Employers who want to offer redundancy to new parents on leave must instead first consider suitable alternative positions for them. In this context, suitable refers to… - [Is the four-day working week set to become the new normal?](https://ekwgroup.co.uk/is-the-four-day-working-week-set-to-become-the-new-normal/): Every few years, the discussion of a four-day working week seems to resurface. However, the concept has never been more in reach than it is now, following the world’s largest four-day working week trial to date. The outstanding results for 61 companies, consisting of around 2,900 employees suggest that the four-day working week might just be the way forward. How did the trial work? Companies from a wide range of sectors took part in the trial from June to December 2022, which was run by Autonomy, 4 Day Week Campaign and 4 Day Week Global, alongside academics from the University… - [The Cost-of-Living Crisis and the Impact on Mental Health](https://ekwgroup.co.uk/the-cost-of-living-crisis-and-the-impact-on-mental-health/): By now, you’re probably no stranger to the phrase ‘cost-of-living crisis’, as it seems to have taken over from the pandemic’s position at the forefront of public interest. Coined in reference to a nationwide decrease of ‘real’ disposable incomes, the cost-of-living crisis is likely to be a huge factor of your workforce’s everyday life. As we move away from the immediate impact of the pandemic, you will have noticed that you’re now paying more for necessities such as household bills and food, which is beginning to impact many people’s mental health.   The Mental Health Foundation recently published their report; ‘Mental… - [Menopause in the Workplace: how can you support employees?](https://ekwgroup.co.uk/menopause-in-the-workplace-how-can-you-support-employees/): Menopausal women are the fastest growing demographic in the workplace, but did you know that one in four women considers leaving her job because of it? This is because, society-wide, there is a lack of support and understanding surrounding menopause. As a result, women are left feeling isolated, despite going through such a shared experience. Recently, the government partially turned down proposals to protect the rights of women experiencing menopause. This was due to fears of, ‘unintended consequences which may inadvertently create new forms of discrimination’. Going forward, it’s arguably more important now than ever for employers to show their… ## Pages - [Franchise](https://ekwgroup.co.uk/franchise/): 01. Supporting The British Franchise Industry Franchise 02. Franchise Accounting Best Practices Franchise Niche Accountants An integral part of British franchising As a business owner, you’re no stranger to the unique challenges and opportunities that a franchise presents. Whether you are a franchisee looking to manage your finances effectively, or a franchisor seeking to support your franchisees, we can be a valuable asset when achieving your objectives. In-depth knowledge  Cost savings & efficiency Customised solutions Compliance Assurance TaxPlanning Financial Planning& Budgeting Benchmarking& Performance Opening a new franchise unit? We offer financial insight and guidance to support expansion plans Contact Us… - [About Us](https://ekwgroup.co.uk/about-us/): About Us Your trusted partner Niche Accountants A people first practice Our goal as a business is to provide a professional and personable service, whilst building strong and long-lasting relationships with our clients. Our team has achieved the BFA Qualified Franchise Professional (QFP) status, guaranteeing that you are receiving financial and accounting guidance from people who are passionate about your industry. From single unit franchisees to multi-unit operators, our team is equipped to help your franchise thrive. our story What sets us apart from others Our values of integrity, adaptability and a client-centric approach have been sustained throughout generations –… - [Our Services](https://ekwgroup.co.uk/our-services/): our service We play a crucial role in helping you maintain financial stability. Bookkeeping Management Accounts Tax Planning & Preparation Audit & Assurance Payroll & Auto Enrolment Budgeting & Forecasting Bespoke HR Services Digital Advisory Franchise Support our services Ensuring financial health and success for your business Maintain clear financial records  Monitor franchise compliance Implement robust accounting software  Budgeting and financial planning Tax compliance  Regular financial analysis Control costs Risk Management Training and support  Implementing new technology A world of opportunity We’re part of an integrated global advisory network which allows us to combine our knowledge to deliver fast and… - [Home](https://ekwgroup.co.uk/): NAtionwide Franchise Accountants We support the franchise industry across a range of sectors, including Opticians. An integral part of British Franchising Niche Accountants At the heart of your community We have been proudly supporting the British franchise industry for generations. Our financial expertise ensures the sustainability and success of your business; working alongside you to navigate the intricacies of the franchise business model. Explore Now our services A ‘one-stop shop’ for your business We strive to be more than your accountant – we see ourselves as an extension of your business, a partner who pushes you to thrive. Our team… - [Contact Us](https://ekwgroup.co.uk/contact-us/): Contact Opening Hours Mon-Thurs: 9 AM – 5 PMFriday: 9 AM – 4 PM Address 1 Pavilion Square, Cricketers Way, Westhoughton, Bolton BL5 3AJ Check Location Get In Touch Telephone: 01942 816 512Email: info@ekwgroup.co.uk Contact Form committed to developing a partnership Schedule a consultation & discover how we can transform the financial future of your franchise Speak to an advisor Contact Us Have questions? We’re happy to help. I agree that my data is collected and stored. Δ - [Privacy Policy](https://ekwgroup.co.uk/privacy-policy/): EKW Group Privacy Policy 1. Introduction EKW Group together with its affiliated companies (incorporating EKWilliams Accountants Limited, INNventory Limited, PAYEpeople Limited, HRPeople Limited, IKARA Business Solutions Limited and The Pub Experts Limited) is a leading accounting and financial technology service provider that our customers rely on every day to help them grow and succeed. Our customers, suppliers, prospects and applicants for employment, and others with whom we do business entrust us with their personal data and personally identifiable information (“Personal Information”) and they expect us to protect that Personal Information with the same level of care as we do our own. This is fundamental to the way we do business. This EKW Group Privacy Policy (the “Policy”) describes and is intended to provide information about the practices we have adopted with respect to processing Personal Information including the collection, use, storage… - [Latest News](https://ekwgroup.co.uk/latest-news/) [comment]: # (Generated by Hostinger Tools Plugin)