Welcome to the first blog from Francesca and Chris, being Frevelo LLP.
Starting up a business during the Covid-19 pandemic would seem a terrible time to set up a new business. Or is it? We have and here we are, full of positivity.
We believe in the professional and personal service we have to offer and we know that we can help small businesses move forward and strive.
May is the month for planning
May has seen a lot uncertainty as to when and how we will all emerge from lockdown and at the time of writing this blog, we are all unsure of how it will work out. Whatever happens, we are not going back to ‘normal’. We will all strive forward but in different ways and inevitably, there will be winners and losers.
We are already winners. Winners will be the businesses who are prepared to change, do things differently and come up with new ideas to get around social distancing.
As a nation, we have already proved that we have adapted to work from home, using all the latest technology available to us, especially for meetings.
So, for office workers, my question is why not make this way of working permanent, starting on a part time basis? This staggers the number of employees in the office and their commute to work. Let us know what you think and if this does or doesn’t work for your business?
The lockdown has been difficult for everyone, some more than others but out of adversity there are always opportunities. Let’s tap into these opportunities, change how we work and offer something different. Whether this means winning customers and clients online and changing your current advertising strategy or doing business online rather than […]
By Francesca Revelo|2020-05-07T13:22:41+01:00May 7th, 2020|Categories: frevelo|Comments Off on Welcome to Frevelo LLP
Employee National Insurance Contributions
In the new tax year, we are all paying the 1.25% increase in NIC. For employees, NIC is payable over the new primary threshold of £12,570. The good news is that we will pay a little less NIC in this tax year.
From 6th April, eligible small businesses will receive £5,000 for the Employers Allowance. An increase of £1,000.
Also in the new tax year, the 1.25% employers NI increase for the Social Care Levy, will bring the total Employers NI from 13.8% to 15.5%.
The tax year end is only two weeks away. So take advantage of the best tax perk available. Top up your pension contribution if you haven't hit the £40,000 annual contribution allowance. Keep a watch on your lifetime allowance.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.