Why payroll outsourcing adds value to your business

2021

Why payroll outsourcing adds value to your business

Why payroll outsourcing adds value to your business

Payroll is essential for the economy. It is also a fundamental element for business growth and supporting employees. As a profession, it is not for the faint-hearted. Payroll is fast-paced and constantly changing. Payroll outsourcing adds value to your business and keeps your employees safe, a roof over their heads and the ability to feed […]

Why payroll outsourcing adds value to your business Read More »

Payroll is essential for the economy. It is also a fundamental element for business growth and supporting employees. As a profession, it is not for the faint-hearted. Payroll is fast-paced and constantly changing. Payroll outsourcing adds value to your business and keeps your employees safe, a roof over their heads and the ability to feed

Tax-free Christmas gifts and staff arty

Tax-free Christmas gifts and celebrations

Keep your workplace Christmas gifts and celebrations tax-free. Want to avoid the taxman’s naughty list this year? Follow our guidelines to take advantage of trivial benefits rules for seasonal gifts and parties for your staff. Christmas gifts Under the trivial benefits rules, employers can treat their teams with an item of value that does not

Tax-free Christmas gifts and celebrations Read More »

Keep your workplace Christmas gifts and celebrations tax-free. Want to avoid the taxman’s naughty list this year? Follow our guidelines to take advantage of trivial benefits rules for seasonal gifts and parties for your staff. Christmas gifts Under the trivial benefits rules, employers can treat their teams with an item of value that does not

Wilder Coe supporting homeless charities

Supporting homeless charities this winter

Did you know in 2020 that an estimated 2,688 people could be rough sleeping on any given single night in England? The pandemic hit many people hard, and thousands lost their homes. The Combined Homelessness and Information Network (CHAIN) counted 11,018 people were sleeping on the streets in London between April 2020 and March 2021.

Supporting homeless charities this winter Read More »

Did you know in 2020 that an estimated 2,688 people could be rough sleeping on any given single night in England? The pandemic hit many people hard, and thousands lost their homes. The Combined Homelessness and Information Network (CHAIN) counted 11,018 people were sleeping on the streets in London between April 2020 and March 2021.

Should payments made by an employee for vehicle and uniform rental be treated as reductions when calculating the National Minimum Wage (NMW)?

Well according to a recent Employment Appeals Tribunal (EAT), yes, they should. In this latest case, a taxi driver in Watford was employed by a firm, which dictated that as part of his conditions of employment he was required to provide a vehicle and uniform, both of which were rented from a company associated with

Should payments made by an employee for vehicle and uniform rental be treated as reductions when calculating the National Minimum Wage (NMW)? Read More »

Well according to a recent Employment Appeals Tribunal (EAT), yes, they should. In this latest case, a taxi driver in Watford was employed by a firm, which dictated that as part of his conditions of employment he was required to provide a vehicle and uniform, both of which were rented from a company associated with

Self-Assessment taxpayers warned over fraudsters trying to steal information

Self-Assessment taxpayers have been warned to be on their guard against fraudsters trying to steal their information. Over the last year, HM Revenue & Customs (HMRC) received nearly 900,000 reports from the public about suspicious HMRC contact, which included phone calls, texts or emails. More than 100,000 of these were phone scams, while over 620,000

Self-Assessment taxpayers warned over fraudsters trying to steal information Read More »

Self-Assessment taxpayers have been warned to be on their guard against fraudsters trying to steal their information. Over the last year, HM Revenue & Customs (HMRC) received nearly 900,000 reports from the public about suspicious HMRC contact, which included phone calls, texts or emails. More than 100,000 of these were phone scams, while over 620,000

PAYE Settlement Agreement can save time and costs

For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your workforce. According to HM Revenue & Customs (HMRC), if you get a PSA for these items, you

PAYE Settlement Agreement can save time and costs Read More »

For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your workforce. According to HM Revenue & Customs (HMRC), if you get a PSA for these items, you

Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?

Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that Chancellor Rishi Sunak has frozen the IHT nil rate band and residence nil rate band at £325,000 and £175,000, respectively, until 2026, while the value of

Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax? Read More »

Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that Chancellor Rishi Sunak has frozen the IHT nil rate band and residence nil rate band at £325,000 and £175,000, respectively, until 2026, while the value of

Eight New Year’s resolutions that businesses should follow

Every year many of us decide to set a New Year’s resolution. Perhaps it is losing weight, going vegetarian or putting extra money away in your savings. Of course, inevitably, life can get in the way and it is easy to lose track of the promises you set yourself. However, if there is one goal,

Eight New Year’s resolutions that businesses should follow Read More »

Every year many of us decide to set a New Year’s resolution. Perhaps it is losing weight, going vegetarian or putting extra money away in your savings. Of course, inevitably, life can get in the way and it is easy to lose track of the promises you set yourself. However, if there is one goal,

Prepare now for the final stage of MTD for VAT

The final stage of Making Tax Digital (MTD) for VAT is just a few short months away. From 1 April 2022, even the smallest VAT registered business will need to comply with the quarterly digital recording and reporting of VAT – including those below the £85,000 VAT threshold who are voluntarily registered. Millions of UK

Prepare now for the final stage of MTD for VAT Read More »

The final stage of Making Tax Digital (MTD) for VAT is just a few short months away. From 1 April 2022, even the smallest VAT registered business will need to comply with the quarterly digital recording and reporting of VAT – including those below the £85,000 VAT threshold who are voluntarily registered. Millions of UK

company set up correctly

Getting your company set up correctly

Are you confident you have your company set up correctly?  Creating a company places significant responsibilities on a director with accompanying corporate governance obligations. Ian Saunders, Head of Company Secretarial, looks at why directors must be accurate when supplying information during and post-incorporation. Starting up a new company may seem relatively easy with Companies House.

Getting your company set up correctly Read More »

Are you confident you have your company set up correctly?  Creating a company places significant responsibilities on a director with accompanying corporate governance obligations. Ian Saunders, Head of Company Secretarial, looks at why directors must be accurate when supplying information during and post-incorporation. Starting up a new company may seem relatively easy with Companies House.