How To Survive the Apprenticeship Levy

North Wales is a region that’s jam packed full of small businesses, and from the recent news that a brand new apprenticeship levy is to come into effect from April 2017, a lot of small business owners that benefit from apprentice placements are starting to feel the strain.

Apprenticeships are good for multiple reasons. Essentially, an apprenticeship allows a graduate to start a career in their chosen profession on a training basis, and pick up vital experience and confidence through work until they are at a position to be taken on as a full time employee – as well as directly benefiting employers, (often those which run smaller businesses) with workers which simply wouldn’t have been employed at a higher rate.

Unfortunately, the new Apprentice Levy is making small business owners in particular rethink work placements, according to recent research conducted by XpertHR.

The small print of the new levy demands that small business owners with a paybill of more than £3m per year (which roughly equates to around 2% of businesses within the UK) to pay to fund apprenticeship costs. How exactly can this be weathered? Are apprenticeships turning into more of a headache for employers than simply employing the individual and providing other forms of work based training?

Not exactly.

The services of an excellent chartered accountant North Wales can help you decide the ins and outs of employing apprentices, and inform you about all kinds of clauses that you might not know exist. For instance, any good accountant will know that employers which pay the levy have access to a 10% top up fund from the government in order to help with additional costs which might not have been these since the beginning of April, as well as the oncoming Digital Apprenticeship Service (DAS) which is a web-based portal for accessing additional funding.

Essentially, the services of a good chartered accountant in North Wales is absolutely invaluable when it comes to navigating what exactly the government plans to add in and take away next.

Comments

Understanding the Domestic VAT Reverse Charge in the UK

The Domestic VAT Reverse Charge has become a significant point of focus for businesses operating within specific UK industries, especially construction. Designed to reduce VAT fraud and improve transparency, this mechanism changes the way VAT is accounted for between suppliers and customers. If your business issues or receives VAT invoices, especially under the Construction Industry Scheme (CIS), it is important to understand how the Domestic VAT Reverse Charge works and how to apply it correctly. What is the Domestic VAT Reverse Charge? The Domestic VAT Reverse Charge is a compulsory VAT accounting measure that shifts the responsibility for reporting VAT from the supplier to the customer. Instead of the supplier charging VAT on an invoice, the customer accounts for both the output and input VAT on their own VAT return. This adjustment targets missing trader fraud and helps HMRC improve accuracy in VAT reporting. Although it mainly affects construction services, the reverse charge can ...

Why Specialist Land Rover Servicing Matters

Land Rover vehicles are built for performance, comfort and capability across a wide range of conditions. From advanced four wheel drive systems to complex electronics and suspension, they are engineered differently from many standard cars. Because of this, choosing specialist servicing is essential to keep your vehicle running reliably and safely. Here is why Land Rover specialist north Wales servicing really matters. Land Rovers Are Technically Complex Vehicles Modern Land Rovers use sophisticated systems that require in depth knowledge to diagnose and repair correctly. Air suspension, terrain response systems and advanced engine management all need specialist understanding. A general garage may not have the experience or equipment to identify issues accurately, which can lead to misdiagnosis or incomplete repairs. Specialist Diagnostics Make a Difference Independent Land Rover specialists invest in manufacturer level diagnostic equipment designed specifically for Land Rover ve...

How Good Web Design Boosts SEO and User Engagement

When it comes to your website, first impressions matter. A clean, user-friendly design doesn’t just make your site look good, it can dramatically improve SEO and keep visitors coming back. Here’s how investing in smart website designers north wales pays off for both search engines and real people. User Experience Is Key Search engines like Google care about user experience (UX), and so should you. A website that is easy to navigate, loads quickly, and looks appealing encourages visitors to stay longer. Pages that are simple to read, buttons that are easy to click, and a logical layout all reduce bounce rates and increase the time users spend on your site. The result? Google recognises your site as valuable, which can improve your rankings. Good web design is not just about aesthetics, it is about making your content accessible and enjoyable for visitors. Mobile-Friendly Design More than half of web traffic comes from mobile devices, and Google prioritises mobile-friendly sites. ...

UK Business Services

Search This Blog