Our Payroll Quiz for the New Tax Year
The New Tax Year will be upon us tomorrow. As a test to see what you know about the recent changes in legislation let’s see how many of the following questions you can get right!!
Is In House Payroll a good idea?
Here’s one reason why you might want to outsource to the professionals! A client left us in May 2023 (weekly payroll week 9), because they were struggling financially and thought by taking Payroll back in house, they would be able to cut some of their costs. Eleven months down the line, February 2024, they approached us asking if we could help them again and take over management of their payroll. What had happened: To facilitate the payroll in house, the Director appointed their administration...
National Minimum Wage Increase
Changes to National Minimum/Living Wage Following the government’s policy, agreeing to advice from the Low Pay Commission, they will continue to affect an increased percentage rise to National Minimum Wage, which will take effect from 1st April 2024. National Minimum Wage presently applies to those that are under the age of 23 and at least of school leaving age. National Living Wage applies to those that over 23. However, this will change in April 2024 as National living Wage will incorporate...
GOVERNMENT ANNOUNCES CHANGES TO NATIONAL INSURANCE FOR JANUARY
Christmas is coming and 2024 is looming …… the New Year will be upon us before we know it!! ARE YOU READY?? Changes in Payroll legislation for 23/24 could affect your business. Today we start off with the new National Insurance Rates: The amount of National Insurance you pay is established by whether you are employed or self-employed, and how much you earn. If you are Employed NI rates for 2023/24: From 6th January 2024NI rate for employees earning an income of between £12,570 to £50,270 a...
HMRC’s Employers’ Bulletin – Essential Payroll Reading
A bi-monthly magazine for employers and agents that gives up-to-date information on payroll topics. HMRC's Employer Bulletin gives a detailed update on all current and future guidance, not least because things are forever moving and changing quickly. If you are a client of ours, of course, you don’t need to worry about any of this. We get these bulletins and make sure all the changes are implemented, so you don’t have to. The latest Employer Bulletin (December 2023) contains many updates and...
