Benefits of an outsourced payroll service
Outsourced Payroll Service Versus In-House As a business owner, there are only 2 choices for how you pay your employees: you do it yourself or you can contract the work out to an outsourced payroll service, such as J L Payroll Services, to do it for you. If you don't have an accounting background and aren't well versed in HMRC's payroll tax laws - there are a lot of them and they are always changing - then a payroll service is probably your best option. What does a Payroll Service look after?...
Payroll Services and the Living Wage
The Living Wage Starts in April 2016 for Payroll Services Starting in April 2016, as announced earlier this year, the government's plan to introduce a National Living Wage will become a reality. The National Living Wage will be mandatory for workers aged 25 and above, and will start at £7.20 per hour. For comparison, the current adult National Minimum Wage rate is £6.70 per hour, so as of 1st April 2016, when the National Living Wage comes in, the premium it adds is 50p per hour, for those...
Payroll Services make HMRC’s requirements easier
What Payroll Information needs to be reported to HMRC? The answer is a lot!! If you're running a small business and perhaps trying to run your own payroll too, it might just be that it is taking up quite a bit of your time, time that could be better spent growing your business. Payroll, of course, is part of PAYE which is run by HMRC, who publish a great deal of information on their website to help businesses run their payrolls. However, sometimes this information? can be too complex or too...
Payroll Services and Pension Freedom
Why Payroll Services are Important for the New Pension Freedoms The new Pension Freedoms, which came into law in April 2015 are certainly a revolution in Pensions in the UK, giving those aged 55 or over the freedom to do what they want with their pensions, rather than simply buying an annuity. Payroll services have an important part to play when it comes to Pension Freedom. The employment benefits consultancy, Portus, suggested recently that payroll departments need to establish efficient...
Payroll Services and Job Satisfaction
It's Official! An Accurate Payroll Service Helps Deliver Job Satisfaction One of the most annoying things that can happen when you're an employee is to receive your pay - monthly, weekly, it doesn't matter when - and there's a mistake. Too much tax or NI, wrongly calculated holiday pay leading to the wrong amount going in to the bank account. We know, as an outsourced Payroll Service provider that failing to pay employees the right amount, and on time correctly causes problems for the employer...
