The Forum of Private Business (FPB) is urging business owners to be aware of new legislation or run the risk of prosecution.
To raft of important changes have been introduced, including increases in statutory sick pay, changes in tax rates and the end of most employers' abilities to forcibly remove staff.
However, the lobbying group is concerned that many small firms may be completely unaware of the changes and could face prosecution as a result.
The key legislative changes which business owners need to be aware of include an increase in statutory sick pay, taking the weekly amount employers have to pay staff on sick leave from £ 79.15 to £ 81.60, Annas to the way National Insurance is calculated and the effective ending of an employer's ability to issue six-month notifications of retirement using the statutory retirement procedure.
Forum chief executive Phil Orford says, ' When you're busy running your own business, keeping abreast of the latest tweaks to the complex regulatory system can seem like the least of your worries.
' However, any instances of a business failing to comply with a piece of legislation can have serious financial consequences, no matter how trivial or the breach is unintended. As a result, I would urge all business owners to familiarise themselves with changes to the law and seek professional advice if they are unsure what they need to do to comply.'
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