Have you ever wondered what the benefits of outsourcing payroll are? If you have a PAYE scheme for payroll or Construction Industry Scheme (CIS) then we could help! Outsourcing payroll can help you keep your PAYE running smoothly while keeping costs down. How? I hear you ask, well let me explain… Benefits of Whitings…
Have you heard about these upcoming payroll changes? Tips & Gratuity Tips and Gratuity are changing on 1 October 2024. This applies to all businesses allocating and paying tips, gratuities and services charges. The changes are to make sure that the tips are allocated in a fair way and includes employer received through card payments…
What is a typical day in the life like when working in Payroll? Really, there is no typical day working in payroll… Payroll is fast paced. It can change by the hour depending on employer (ER) or employee (EE) changes, or even legislation. How Does The Payroll Process Start? A payroll process…
What are the sick pay rules? Legal Obligations First and foremost, an employer is under no legal obligation to pay an employee when they are off sick. In general, it has been found that employers offer between one and five days per annum as paid sick leave, but ultimately it is down to the…
Approximately 25% of vocational learning and training in the UK is currently funded through the Apprentice Levy, so what exactly is the Apprentice Levy and what is the new government proposing to replace it with? The Apprentice Levy Currently the levy is raised against those companies, or groups of companies, who have an annual…
The harvest season is now in full swing. Are you aware of the pension duties that you are required to perform for each seasonal worker? Whether an employee works for a few days, weeks, or months, each employee needs to be assessed for each period that they work for you. To assess your…
Different pension schemes attract different rules when it comes to making statutory payments to employees. The first thing to ascertain is what type of pension it is your scheme administrator is running. Net pay arrangement Pension deducted from gross before tax is taken (for example Smart) Relief at source (gross pay arrangement) The…
Non-Executive Directors (NEDs) are crucial members of a company’s leadership team and therefore adequate remuneration is key. However, the arrangement for paying NEDs can often be handled incorrectly. Directors’ Duties Income It is not uncommon to see NEDs prepare invoices and submit these to the company they act for to receive payment for their…
Are you thinking about planning ahead for retirement and want to find out more about Pension Contributions for directors? When it comes to planning for your retirement, Company pension contributions can offer significant benefits in terms of reducing your company’s Corporation Tax bill. Here’s how you can use both personal and company contributions to…
Could there be Auto-Enrolment changes? The UK Government has recognised that auto-enrolment contributions need to increase in order to cover projected short-falls in personal pension pots. In September 2023, a bill to reduce the age for auto-enrolment and abolish the lower-level qualification threshold received Royal Assent. It is projected that the average earner’s pension…