HMRC has announced a significant step forward in its drive to modernise the UK tax system with the launch of a new online PAYE service.
Employers use the P11D form to report details of expenses and benefits paid to employees or directors as part of their employment, which are not included in their wages or salaries and are not subject to PAYE tax deductions.
We work with a variety of businesses from different sectors offering payroll services. Louise Warden is AAT qualified her main role is to support clients with payroll and auto-enrolment (workplace pensions).
If you are an employer, you may already know about National Minimum Wage and the National Living Wage changes. If not, then this article will be helpful for you.
When you started your business you probably wanted to remain as lean as possible. But as your business expands, wearing all hats may become impossible and you need a helping hand to grow and remain competitive.
Many businesses take on apprentices as they start to grow. An apprentice is a young person who is learning a trade from a skilled employer and has agreed to work for a defined period at a low wage.
The law on pensions has changed and even small businesses must now enrol employees in a workplace pension - a process known as 'auto-enrolment.
In 2016, it was announced that Class 2 NICs (National Insurance Contributions) would be abolished from April 2018. This was again mentioned in the Spring Budget 2017. Class 2 NICs are paid by individuals that are self-employed.
In 2017 the Government sought views on how employers currently deal with employee expenses, current tax rules on employee expenses and the future of employee expenses. As a result of this survey, a number of changes were announced in the Autumn Budget 2017.
As an employer, it’s important to keep track of the National Minimum Wage and National Living Wage if you have staff that are being paid at this level.
If you employ people in your business, then it’s essential to keep up to date with the changes to the National Living Wage and National Minimum Wage.
In the Autumn Budget 2018, some updates were announced with regards to employment taxes. We have summarised some of the key points for employers in this article. The full Summary of the Autumn Budget 2018 can be found on our website.
If you employ staff, you will know all about auto-enrolment, for businesses that may be thinking of employing staff its essential to understand your obligations.
As an employer, you need to make sure that all your employees are receiving their weekly or monthly wages on time and most importantly, accurately. A mistake can take up valuable time to rectify and cause bad feelings for your team.
If you are an employer, it is essential to keep up to date with the changes in National Minimum Wage and National Living Wage rates. This helps you to manage your finances more effectively and help with future forecasting.
We wanted to give an update on the Job Support Scheme (JSS) which will start on 1st November 2020. Employers need to understand the eligibility criteria, conditions and timescales for making claims.
The Government has announced the changes to the National Living Wage and National Minimum Wage rates for 2021. If you have employees, it is vital to take note of these and ensure that the increases are accounted for within your payroll budget.
In the Spring Statement issued in March 2019, there was an update on employment taxes and changes that all employers need to understand. We have written this article for you to help you keep up to date. Click here to download the full summary of the Spring Statement 2019.
As an employer, it is important to know that every working person in the UK is paid under the PAYE system, and are assigned a tax code by the HMRC. The code is made up of a number followed by a letter suffix. However, there are some ‘non-standard’ codes that can be used in exceptional circumstances.
Did you know that as an employer you could get up to £3000 a year off your National Insurance bill? In previous years the employment allowance was £2000 but in 2016-17 this went up to £3000 as an incentive for companies to take on more staff.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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