In 2022, the Supreme Court ruled that the old 12.07% calculation for casual workers, which had been used for years, was no longer relevant. Due to these changes to holiday pay for irregular hours, many businesses have had to rethink their policies. The ruling stated that employees with irregular hours, including those on zero-hour contracts, […]
Category Archives: Payroll
24
Apr
Apr
Earning a six-figure salary is an exceptional feat, providing a sense of financial security and abundance. However, it’s important to note that a higher income can lead to complicated tax affairs. There are various tax implications of earning over £100K so let’s have a look at them. One of the main tax implications of earning […]
Employee Benefits, HM Revenue & Customs, P11d, Payroll, Personal Tax
The end of reporting employee benefits on form P11d
21
Feb
Feb
Admin work is not something that people enjoy doing. Moreover, filling out forms for paying taxes on the benefits provided to employees can be quite a hassle. After several years of consulting with accountancy and tax bodies, the government has announced that reporting employee benefits on form P11d will no longer be required. The date […]
24
Jan
Jan
The government has decided to undo the changes made to holiday pay calculations after the Harper Trust v. Mrs Brazel case in July 2022. In 2022 the Supreme Court ruled that the old 12.07% calculation, which had been in use for years, was no longer relevant. Due to these changes in holiday pay regulations for […]
Employee Benefits, Payroll, Personal Tax, Tax Advice, Tax Tips
Giving back to your employees at Christmas
13
Dec
Dec
It’s that time of the year when we celebrate the spirit of giving. As the festive season approaches, you may be considering ways to give back to your employees. This could be in the form of a Christmas bonus, a fun party, and maybe a few gifts. But as you know by now gifting […]
18
Oct
Oct
Have you ever wondered what the cycle to work scheme is? Do you have friends or family who are taking their bike all or part of the way to work and saving tax in the process? The cycle-to-work scheme is used by over a million employees across the UK. It saves them money and enables […]
27
Sep
Sep
Last month, HM Revenue and Customs (HMRC) released the first update from their National Minimum Wage (NMW) promotion team. Going forward, they plan to provide quarterly updates on certain things to watch out for when calculating the minimum wage. You should sign up for the employer bulletins. Why is it important to get the […]
30
Aug
Aug
Does it matter if you don’t know exactly what is in your “Pay As You Earn” (PAYE) code? After all HM Revenue & Customs have all the information and they will issue the right code which your employer will apply. So why should you understand your PAYE code? It is common for taxpayers to be […]
Business Tips, Corporation Tax, Employee Benefits, Payroll, Personal Tax
The best ways to take money out of your company.
23
May
May
What are the best ways to take money out of your company? This is the most common question asked by many clients. You choose to operate your business as a limited company for various reasons. One of the top reasons is normally so that you can have protection under “limited liability” and the other is […]
10
May
May
The UK employment rate was estimated at 75.8% in December 2022 to February 2023. This is 0.2% higher than September to November 2022. The increase is due to more part-time employees and self-employed workers, and it means the labour market remains tight. So, what can you do to make recruitment easier for your business. In […]