Digital Payslips – 5 Reasons to Use Them
Payroll has come a long way since workers were paid with cash in pay packets. It's not so very long ago that people were paid in cheques. As in all walks of life, technology is advancing swiftly, with Smart Phones often at the centre of things, which, in the world of Payroll means digital payslips. In this article we look at 5 reasons to use digital payslips. But first some statistics. 11% of employers are now looking for payroll providers who offer portal or smartphone access to payroll...
Payroll and the Gender Pay Gap
In 2017 it was made a compulsory requirement for businesses with over 250 employees to report their gender pay gap figures using a specialised Government website before the end of each financial year. The most recent data, for 2017/2018 showed that a gender pay gap favouring men was present in 7,795 out of 10,016 companies who reported. What's Happening in This Tax Year of 2018/19 The deadline for this year's data to be reported is 4th April, but so far fewer than 25% of companies with more...
Deadlines and Penalties for Full Payment Submissions
If a Full Payment Submission (FPS) is submitted late to HMRC, there are penalties. This article looks at what the deadlines are and what the penalties can be. Firstly, what is an FPS? A Full Payment Submission is an electronic submission made to HMRC. The FPS contains employer & employee information. It also contains payment information about the amount of pay and deductions made to each employee. What happens if an FPS is submitted late? If an FPS is submitted late to HMRC they have it in...
When an Employee Leaves, how do you Calculate Their Final Pay?
In this article we look at How You Calculate a Leaver's Final Pay. If you are a small business without a dedicated HR/Payroll department, such things can be a bit time consuming. If you are looking for an outsourced Payroll specialist to take the strain, talk to us. Firstly, comes Basic Pay How much will the departing employee be due for the pay period? If they work monthly but finish part way through the month, then the pay they are due will need to be calculated on that basis What About...
Minimum contributions for workplace pension schemes in the UK will rise in 2019
The UK?s auto-enrolment workplace pension schemes reached record levels of membership in 2018, with over 73% of employees opting to join and contribute. By law, automatic enrolment schemes require that minimum contribution levels from employers and employees increase over time: the previous contribution increase was in April 2018, and another is due on 6 April 2019. These increases were originally scheduled for October 2017 and October 2018 - but were delayed in order to align the phasing with...
