Payroll and Christmas
Many employers give their employees a gift at Christmas, but have you considered whether there are any tax implications - and therefore payroll considerations - for the employee as a result of a Christmas gift? Here we look at forms of Christmas Gifts. The Christmas Bonus A Christmas bonus must be added to the recipient's pay for the payroll period it is paid in and tax and NI deducted as appropriate. Remember that if you want to give your employee a net bonus of say £500, after PAYE has been...
Supreme Court Ruling Will Change How Holiday Pay is Calculated
If you are an employer that employs zero-hour, ad hoc, or part time workers then heads up!!! You are going to have to change your holiday pay practices immediately! The Supreme Court has made a ruling that is changing how Holiday Pay is to be calculated, they have ruled that employees that only work for part of the year, such as part time staff, permanent zero hour or ad-hoc staff are entitled to the same holiday pay as full-time staff. Following this landmark decision all employees...
Outsourcing Payroll in a recession
Every business is looking at how it can reduce overheads and increase efficiency, non more so than now due to the forecasting of a recession. So, is outsourcing your payroll the right move right now? In our view, few areas of a business are quite as ripe for outsourcing as payroll. So how can payroll outsourcing right now help you successfully manage your way through the current recession? The key reasons are: Cut costs: In our experience, outsourcing will almost always be the cheaper option...
Redundancy Pay and Payroll
If you do have to make people redundant, you must pay redundancy pay to employees who have an employment contract and worked for the business for two full years. However, necessary consultations must be conducted first after which you will need to calculate redundancy pay for those affected. Businesses must pay redundancy, unless the business is insolvent, in which case employees must apply for payment to the Insolvency Service. The following jobs do not qualify for redundancy pay: armed...
“When did you last check your responsibilities for Auto-enrolment?
When did you last check your responsibilities for Auto-enrolment? As part of our service we support our clients and ensure that they continue to be compliant with Pension Regulator requirements.If you are struggling to keep up to date with your own company requirements or have concerns that you are not compliant, JLP Payroll Services is here to help.Click on this link for more information from the Pension Regulator's website: https://lnkd.in/dGuuVKxd”
