New National Living and Minimum Wages Rates from April 2020
From April 2020, the new rates are: The National Living Wage for ages 25 and above - up 6.2% to £8.72 The National Minimum Wage for 21 to 24-year-olds - up 6.5% to £8.20 For 18 to 20-year-olds - up 4.9% to £6.45 For under-18s - up 4.6% to £4.55 For apprentices - up 6.4% to £4.15 A Reminder of What Can Happen if You Don't Pay the Correct Amount It's against the law to pay below the National Minimum Wage or National Living Wage or to falsify pay records. Investigation by HMRC Anyone can report...
Holiday Pay. Getting it right through your payroll
If your holiday year runs from January to December, then now that we're into the new year, one of your payroll tasks will be to calculate holiday pay entitlement for your staff for 2020. As ever, when it comes to payroll, there are plenty of details to take on board in order to get things right. In this article we look at the key facts you need to aware of to ensure you calculate it correctly for all your staff. The Key Facts for Holiday Pay Statutory Holiday Entitlement. Employees are...
Payroll: To Outsource or Keep in House?
This is a key decision for most small businesses. Small businesses tend not to have a dedicated payroll/HR department. It's often looked after by one of the directors/managers for whom it is one of many other responsibilities. As an outsourced payroll provider, we're here to make our client's lives easier by providing a quick, efficient and accurate payroll service, so they can get on with running their company. In this article we take a quick look at some of the key things involved in running...
6 Common Payroll Mistakes that Small Businesses Make
Getting your payroll right is important. But, especially for smaller businesses, getting it right can be difficult, not least due to limited time, resources and expertise. with limited resources and expertise. Getting it wrong can lead to fines from HMRC and, of course, disgruntled employees. In this article, we look at 6 common payroll mistakes - all of which can be easily avoided by using an external payroll supplier. 1. Inaccurate Data This is perhaps the most common payroll mistakes....
Focus on Recruitment Agencies – Outsourcing and Payroll
In this article we focus specifically on recruitment companies and why they, in particular, are relying more and more on outsourcing their payroll to external payroll specialists, such as JLP Payroll. The greater the turnover of staff and the larger the range of types of contract, the more complex payroll becomes, and this is especially true of the recruitment industry. The recruitment industry in the UK places c.1 million agency workers into work every day, and c.1.1 million permanent workers...
