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Payroll News

56 articles in Payroll News
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Although lockdown has restricted business for many, as a payroll provider to a large number of businesses I know that some businesses have been taking on new employees over this period. There will also be individuals who have used this time to start their own business and will be planning for the costs involved in taking on their first employee as the business grows.  So if you are a potential new employer here are some points you need to think about along with the costs you need to plan for.…
Today the HMRC online portal opened for claiming the grant against 80% of a furloughed employees wages, the employers' NI and the employers' pension contribution. From the reaction of employers you would think that today was the only day a claim could be made!  Perhaps they think…
Those of you who have more than a couple of employees and run your own payroll will probably be finding the current situation a bit of a minefield.  Not only are we starting a new tax year this month with its changes in National Insurance contributions, changes to student loan thresholds, a change to they way holiday is calculated…
HMRC have confirmed the tax and NI thresholds for 2020-21 and some details of statutory parental bereavement pay.…
Employment allowance can be claimed by business which have a payroll with at least one employee or two directors earning over the secondary threshold.  The £3,000 allowance is set against your Class 1 National Insurance contributions…
The new payroll year begins on 6 April 2020 and employers should be aware of the changes they will need to make to pay rates.…
HMRC have told us for several years now that we must file our payroll returns on or before the date the employee is paid.  Most employers have a regular payment date and as a payroll bureau we ensure that we file the return on or before that payment date. But what happens if you forget to or are unable to file a return on the payment date? …
We are often asked this question by business owners taking on their first employee particularly if they are not going to be working many hours.  Employers believe that because they aren't paying their employee very much they don't need to put them on the payroll but that is not necessarily the case.  Or perhaps because they are just taking them on for a trial period of a week or month they think it is a waste of time adding them to the payroll.  Neither of these reasons will be considered by HMRC as an acceptable excuse for not putting your employee on the payroll if it is found later that they should have been.…
If your holiday year runs from January to December you will soon be calculating holiday entitlement for your staff for 2020.  Here are some facts to be aware of and to ensure you calculate it correctly, particularly for those who work part-time.…
Payroll is easy isn't it?  There is plenty of software out there that you can use to run your payroll which will tell you how much to pay your employees.  So why do employers still get their employees' pay wrong and don't notice that it is wrong?  Because, as with everything, the information you get out…
56 articles in Payroll News
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