The government has taken action against over 200 employers who failed to pay their lowest paid workers the minimum wage. These employers have been instructed to reimburse their workers and are facing penalties totalling nearly £7 million.
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The Office For National Statistics reported last month that during the period of January to March 2023, the estimated employment rate in the UK stood at 75.9%, showing a slight increase of 0.2 percentage points compared to October to December 2022.
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Renovations are underway at the Mascolo & Styles head office. Our striking new signage and fresh colour palette adds a touch of sophistication, making a bold statement to visitors and clients alike.
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As the end of May draws near it is time to ensure employers have issued P60’s.
All employees on your payroll who are working for you on the last day of the tax year (5 April) should be issued a P60. The P60 summarises their total pay and deductions for the year.
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Effective for the 2022/23 tax year, HMRC will not accept paper submissions of P11Ds and P11D(b)s for reporting benefits and expenses. Instead, these must be submitted electronically using HMRC's PAYE online service or commercial payroll software.
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Mascolo & Styles will be closed on Monday 8th May - the Bank Holiday for the Coronation of King Charles III. We hope you enjoy the celebrations over the long weekend!
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The Office For National Statistics reported last month that from December 2022 to February 2023, the UK employment rate increased by 0.2 percentage points from the previous period to 75.8%, with part-time employees and self-employed workers driving the increase. T
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Mascolo & Styles would like to extend a big congratulations to Emma for successfully completing the London Marathon on Sunday.
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According to the Office for National Statistics (ONS), the UK economy did not grow in February of this year, which was attributed to a series of public sector strikes that offset an increase in consumer spending, despite the ongoing cost of living crisis.
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Mascolo & Styles would like to extend our congratulations to Cameron for successfully passing the Level 3 Management Accounting Techniques exam on costing with a score of 96%. This exam was administered by The Association of Accounting Technicians (AAT), the world's leading professional body for accounting technicians.
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From April 2023, workers in the United Kingdom will see an increase in their wages, as the government increases the National Living Wage (NLW) and National Minimum Wage (NMW). This will provide a boost to the incomes of millions of workers, helping them to keep pace with the rising cost of living.
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On March 22, 2023, the Office for National Statistics (ONS) released official data indicating that UK inflation had increased in February, marking the first such increase in six months.
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Last week the UK government has announced an extension to the voluntary national insurance (NI) deadline, offering taxpayers more time to boost their NI records and increase their state pension entitlements.
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On 15 March 2023 the Chancellor, Jeremy Hunt, delivered the Spring Budget. The key announcements, and how they affect you, are summarised in our article.
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Last month HM Revenue and Customs (HMRC) updated guidance on National Insurance (NI), Pay As You Earn (PAYE), and income tax. The updates aim to provide clarity and assistance to employers and employees in the UK.
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At Mascolo & Styles we are proud to celebrate our achievements, dedication and skills this International Women’s Day.
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Today the Bank of England voted to raise interest rates by 0.5% to 4% it’s 10th consecutive rise. The raise is hoped to balance inflation which has been higher than forecast in the November Monetary Policy Report.
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The skills developed in this latest module enable Kaitlin to provide information to managers that can be used to assist in internal business planning, decision making and control.
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Yesterday the ONS (The Office For National Statistics) reported that the UK inflation rate had slowed in November to 10.7%, down from 11.1% in October.
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