On 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 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 ...
Read moreYou’re probably familiar with the terms minimum wage and living wage. But do you know what the differences are between them? In this article we run through all the differences and what you might need to be aware of. Understanding the Three Wage Types The UK has three different wage types that everyone should know about: the Nationa...
Read moreAs a business owner, if you haven’t already, it’s likely you’ll reach a point where you're feeling overwhelmed by the workload and considering bringing someone on board. The decision to hire your first employee is a significant milestone that can have a profound impact on your company's growth and success. It's a step that requires ...
Read moreFrom 6 April 2024, employees who are pregnant or returning from maternity, adoption or shared parental leave will gain priority status for redeployment opportunities in a redundancy situation. Under the current law, employees on maternity leave, shared parental leave or adoption leave already have special protection in a redundancy sit...
Read moreWorking from home has become a new norm for many UK businesses. With this shift, the concept of 'business use of home' has become more prevalent and crucial. It refers to the expenses you incur by using your home as a workplace. These expenses can be claimed as tax deductions, reducing your overall taxable income. But, understanding what ...
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