And so it starts, the persecution, prosecution and penalties for Small Businesses as the Regulator confirms there has been a considerable increase in the number of compliance notices issue; with some small firms failing to get their affairs in order until they were issued a fixed penalty notice of £400. When they rolled out the… Read more »
Posts Tagged: #AE
You & Auto Enrolment
There is no choice, no way round it and HMRC will not be lenient; Automatic Enrolment is a Government initiative that all employers must comply with. Whether you employ one gardener or a workforce of hundreds, Auto Enrolment is designed to help more people save for later life, through a pension scheme at work. This… Read more »
Micro businesses struggle with auto-enrolment
It has been reported that micro-businesses are struggling to prepare for auto-enrolment as staging dates loom over the next coming year. The costs for auto-enrolment are estimated at £8,000 per small business, yet 40% of vulnerable small businesses believe it will cost nothing to set up whilst 11% think it will cost around £5,000. On… Read more »