Welcome to the third and final instalment of our statutory pay series. In part one we covered what statutory pay is, the minimum earning thresholds, and amounts etc. In part two we went through how to set up your payroll system and common pitfalls to avoid. And now, in this final part we will discuss some of the key points in handling req...
Read moreA shareholder’s agreement is not legally required for your business but running your business without one can get pricey with disputes that you could easily prevent. Private equity firms and institutional investors almost always need a shareholder agreement before they invest. The benefits go way beyond the reach and influence of jus...
Read moreThe tax year runs from 6 April. Here’s an overview of the main tax rates, allowances and national Insurance contributions that you need to be aware of for the tax year starting 6 April 2025. If you have any questions, would like to understand what rates specifically apply to yourself, or what allowances are available, please get in t...
Read moreOn Wednesday 26th March 2025, Chancellor Rachel Reeves delivered her Spring Statement. In terms of announcements for the average person, it was fairly low key with many of the announcements more aimed at a national level in terms of defence spending, overseas aid, etc. That said, there were of course still announcements to be aware of. An...
Read moreWelcome to part two of our three part series covering everything related to Statutory payments. In part one we went through what statutory payments are, the minimum earnings thresholds to receive them, the amount you can receive, etc. In this blog we will cover want you need to implement through your payroll systems and common pitfalls...
Read moreStatutory payments form the backbone of employee compensation in the UK, yet many businesses struggle to navigate these mandatory financial obligations correctly. In fact, recent HMRC data shows that thousands of companies face penalties each year for mishandling these essential payments. Understanding statutory payments is crucial for...
Read moreHMRC plans to reshape the scene of payrolling benefits with new mandatory reporting rules from April 2026. These changes will impact all employers and replace the current P11D system that processes about 4 million forms each year. Currently, P11D forms are submitted by employers by 6 July after the tax year ends. Under the proposed new...
Read moreAs we approach the start of a new tax year, there are several changes coming into play that you may not be aware of. In this article we breakdown the main changes. Changes in Employers National Insurance Contributions/Employment Allowance If you’re an employer with a National Insurance Contributions (NICs) liability, or with employees...
Read moreLate payments affect nearly half of all UK invoices, creating major cash flow challenges for businesses. This sobering reality expresses why knowing how to handle invoice management is vital to your company's financial health and sustainability. Becoming skilled at invoice management requires more than asking for payments. UK businesse...
Read moreThe concept of payroll is simple, but if not done correctly can lead to big and expensive problems. It can damage business reputation and employee trust. Your business could face serious issues from missed deadlines to calculation errors when you handle payroll without knowing the simple fundamentals. So, what exactly is involved in a ...
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