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Are you ready for the New Minimum Wage Rates?

Are you ready for the New Minimum Wage Rates?
Monday, September 19, 2016

From 1st October 2017, the National Minimum Wage rates increase to £3.40 for the apprentice rate, £4 for 16-17 year olds, £5.55 for 18-20 year olds, £6.95 for the adult rate (21-24 year olds) and remains at £7.20 for the National Living Wage (25+). This will be the last time we see increases in October, as from next year we change to increasing the rates in April at the start of the new tax year. 

It's really important for employers to check all of their employees' records at this time to ensure they are complying with NMW legislation, especially now that rates increase in line with age. 

Moving to Panthera is easy

It’s a big decision to move accountants. We get it. That’s why we have a clearly defined process in place to make it as straightforward as possible.

Step 1: We have a short initial discovery meeting to understand your needs so we can create the perfect service package for your business

Step 2: You receive your tailored proposal with one simple monthly fee and you e-sign the letter of engagement

Step 3: You provide your current accountant with notice – and you leave the rest to us!

We liaise directly with your previous accountant regarding the transfer of information. We request authority from HMRC to act on your behalf. We handle as much of the admin as possible, so you can get on with running your business – safe in the knowledge that everything is going on in the background. And if there’s any action for you, we let you know.

Contact us to find out how we can help you

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