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Changes that will affect your business through 2014 and beyond…

There is always new legislation and regulations coming in that have a direct impact on businesses and they are not only about tax!

Businesses don’t always have the time to keep up to date of every change that could impact on their business.  That’s why Blue Rocket Accounting have teamed up with some of the top experts in their fields to discuss the upcoming changes.

Simon Morgan

Simon Morgan – Chartered FCIPD
The HR Dept South East London and North Kent

There are more big employment law changes coming soon to add to those that businesses faced last year!

Recent and future changes include:

  • Unfair dismissal law and employment tribunal procedures
  • Mandatory pre-claim conciliation
  • Shared parental leave
  • Flexible working
  • managing absence
  • Transfer of Undertakings (Protection of Employment) regulations (TUPE)

Simon is presenting a practical and interactive workshop which will discuss the above changes but also review recent employment law cases that are having an impact on how businesses should manage their staff, including redundancies, disciplinaries and holidays.

 

Saj Husain

Saj Husain – MIFS
Prosperity IFAs and Stockbrokers

Pensions are about to receive a big shake up that will result in employees being pushed into saving money for their retirement for the first time, but many employees and employers are still in the dark of what is exactly needed for auto-enrolment.

As employers, you are given the responsibility of having an eligible pension scheme in place. This means:

  • Finding out when you have to have your scheme in place.
  • Ensuring that your workforce is assessed to distinguish eligibility and ongoing eligibility.
  • Inform all employees of changes and what it means to them.
  • Provide an eligible scheme that is most suitable with evidence of suitability and ongoing suitability (required by The Pensions regulator) and much more.
  • Liaising with providers and implementing scheme

Saj is presenting a seminar which will discuss the above requirements, the penalties for not completing them on time and how the help of a financial adviser can make the process easier which will be held at Blue Rocket Accounting’s offices on 13th March – reserve your place

merlin dec (2)David Head
AC Engineer – Merlin Air Conditioning Limited

New legislation means changes to air conditioning systems, those who own dated air conditioning units are being warned that they must comply with the new legislation with the end of 2014 becoming an important cut off date.

From 2015, it will be illegal to use Hydrochlorofluorocarbons (HCFCs), including the refrigerant gas R22, in refrigeration, heat pump and air conditioning (AC) systems.  R22 is commonly used in AC systems pre-dating 2004 and so its ban will have a major effect on air-conditioning costs.

There will be two options:
Option 1: they are replaced by new AC equipment
Option 2: alternative modern refrigerant is used to top them up. This will normally involve having to replace parts of the current AC system.

The key question for owners and occupiers is who will pay for these two options? Each will need to look at the wording of their lease to find out who is responsible to pay the expense.
Whatever the situation, the first step is always, find out if your AC system is using R22 gas, to book your free initial assessment please contact David on info@merlinairconditioning.co.uk

 

Miguel Calabrese

Miguel Calabrese – ACCA AAT
Blue Rocket Accounting

From 6th April 2014, every business, charity and Community Amateur Sports Clubs (CASCs) will be entitled to an annual “employment allowance” of £2,000 to reduce their liability for Class 1 secondary National Insurance Contributions (NICs).

Your payroll software should automatically do this for you, but you should check that it has the capability to do so. An example of how the allowance will work;

If your monthly Employers NIC is £500, the first time you will actually have to pay any Employers NIC to HMRC will be for August’s payroll. As the £500 liability for April, May, June and July would have been covered by the Employment Allowance.

There are some restrictions to who can claim the allowance and they relate to group companies or charities or if you are classified as an ‘Excluded Employer’. If you have any questions on the Employment Allowance, please get in touch with Miguel on 01322 555442 or miguel@bluerocketaccounting.com

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