The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track for even a minimal retirement lifestyle rising from 35 to 38 per cent over the past year.
Category: Payroll
Understanding the new process for PAYE refunds
The recent announcement by HM Revenue & Customs (HMRC) has introduced a change in the way PAYE refunds are processed.
Streamlining your payroll set-up with employment and tax records
When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system!
Why should you outsource your payroll?
As a business owner, it is natural to continually seek ways to enhance efficiency and resource allocation within your business.
Accounting for benefits in kind within your payroll process
From company cars to private medical insurance and travel expenses to childcare vouchers, benefits in kind (BIK) serve as a great way to remunerate your employees.
Reviewing your payroll? Check what’s changed
With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around pay, holiday and tax.
Why do SMEs need an accountant?
If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant.
Understanding payroll responsibilities for apprentice wages
Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes.
New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs
From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll software. Read More
Payroll tax obligations – Have you got it covered?
If you employ one or more people for paid work, it’s essential that you have a properly managed payroll.