Sample 1 - Blog #regulationsSample 1 - Blog #regulationshttps://lololol.zohosites.com/thoughts/tag/regulationsSat, 10 Aug 2024 22:18:48 -0700http://zoho.com/sites/<![CDATA[Private Sector: Should I be preparing for IR35?]]>https://lololol.zohosites.com/thoughts/post/Private-Sector-Should-I-be-preparing-for-IR35

From April 2020 the rules for engaging individuals through personal service companies are changing. The responsibility for determining whether the off-payroll working rules (sometimes known as IR35) apply will move to the organisation receiving an individual’s services.

Until the 6th April 2020, the rules governing IR35 will only apply to the public sector. From this date, the rules will also apply to the private sector, including charities. Organisations will be required to meet 2 out of the following 3 conditions:


  1. An annual turnover of more than £10.2 million.
  2. A balance sheet of more than £5.1 million.
  3. .More than 50 employees.
Once the conditions are met, the organisation becomes responsible for determining employee status for individuals described as sub-contractors. This will assist them in deciding whether IR35 applies. Following this assessment the organisation will need to notify the affected individual and/or agency of the assessment result. If the sub-contractor is considered to be a worker, the organisation will be responsible for the tax and national insurance contributions. 


Where the sub- contractor disagrees, the organisation will need to review the reasons why they disagree and decide whether there is cause to amend the original decision. The organisation is then required to provide a detailed response to the individual affected within 45 days and also keep a record of the decision. 
Once classed a worker, this may open up a floodgate for workers claiming for their rights, such as holiday pay. 


It is important for organisations in the private sector to start preparing for the upcoming changes. It is important to note that the matter of employment status is always assessed on a case by case basis. It is advisable for assessment to be carried out prior to the 6th April 2020, to ensure compliance on and after the relevant date. 

Credits: Paida Dube, Employment Solicitor  - DavidsonMorris

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]]>Sun, 08 Mar 2020 23:10:00 -0800<![CDATA[Should manufacturing firms be concerned about sustainability to help facilitate growth?]]>https://lololol.zohosites.com/thoughts/post/Should-manufacturing-firms-be-concerned-about-sustainability-to-help-facilitate-growth


According to recent statistics, the manufacturing industry in the UK is seeing good levels of growth at the moment.

 

Regardless of slowing down in the three months leading up to march, the industry is still operating ahead of long-term averages. The survey from business lobby group the Confederation of British Industry revealed that export order books have remained largely unchanged, but could manufacturing firms keep pushing for further growth by embracing the benefits of sustainability?

 

Read on to find out more about the benefits of sustainable practice for manufacturing firms.

 

Increases consumer demand

 

Consumers are looking for more than just products that they like, they also want to buy into brands and companies that they trust, believe in and respect. If, as a manufacturing firm, you start behaving in a more sustainable way, you may find that you are able to attract a new kind of clientele, who like the fact that you care about your environmental footprint.

 

Employee retention

 

Employees love the chance to feel as though they are part of something bigger and better, and behaving in a more sustainable way can help you to achieve this. If you create a company culture that is committed to behaving in a sustainable way, you will find it easier to retain key members of staff who are keen to keep up with these behaviours.

 

Leadership

 

On a larger scale, you need to consider how sustainable practice can help your company become a key player in the discussion about the environment. Embracing sustainable behaviours can help you propel your business forward and is also going to give you a more positive public perception.

 

Increase your businesses ability to comply with regulation

 

The government is responsible for implementing guidelines that businesses need to adhere to with relation to sustainability. As the discussion about climate change and the environment becomes increasingly more commonplace, getting on board with sustainability can ensure that your business is in a position to meet new regulations in a timelier manner.

 

Attract more investors

 

Much in the same way that it helps with retaining key members of staff, sustainability can also help with attracting key investors, especially the millennial types that have been brought up in an era of environmental protection messages.

 

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