Navigating Rising NIC Costs: Cash Flow Strategies for 2025
The April 2025 changes to National Insurance Contributions (NICs) are set to increase costs for businesses across the UK. These shifts, including higher employer NIC rates and lowered thresholds, will require careful financial planning. To stay resilient, proactive cash flow management is essential for maintaining stability and navigating this period of increased expenses.
This guide explains how salary sacrifice works, its benefits, and how your business can leverage it to stay compliant and cost-efficient.
Salary Sacrifice: Strategies to Reduce Your NIC Burden in 2025
As April 2025 approaches, UK businesses are preparing for significant changes to National Insurance Contributions (NICs) that will increase payroll costs. While these changes may seem challenging, there’s a silver lining: strategic use of salary sacrifice arrangements can help businesses manage their NIC burden effectively.
This guide explains how salary sacrifice works, its benefits, and how your business can leverage it to stay compliant and cost-efficient.
April 2025 NIC Changes: How Employers Can Prepare
Big changes are on the horizon for Employer National Insurance Contributions (NICs), and businesses need to act now to stay ahead. Starting in April 2025, these updates will directly impact payroll costs, cash flow, and overall financial planning.
At Intelligent Payroll, we understand that navigating such changes can be daunting. That’s why we’ve created this guide to help you break down the new rules, understand their impact, and prepare your business for the months ahead.
Day One Rights: The Evolving Landscape of UK Employment Law
The UK employment law landscape is poised for significant changes, with the potential introduction of expanded “day one rights” for employees. As businesses navigate these potential reforms, it’s essential to understand how these changes might affect both employers and employees.
Fire and Rehire: A Turning Point After the Tesco Supreme Court Ruling
The UK Supreme Court’s recent ruling in the Tesco case has placed fresh scrutiny on the controversial practice of “fire and rehire,” where employers terminate an employee’s contract and offer to rehire them under less favourable terms. As businesses face ongoing economic challenges, this decision has significant implications for both employers and employees.
Current Status and Labour’s Plans: What Employers Need to Know
With Labour’s recent election victory in the UK, significant changes to zero-hour contracts are on the horizon. As part of their “Plan to Make Work Pay,” Labour has outlined several key proposals aimed at improving job security and predictability for workers, while still maintaining some level of flexibility. Here’s a breakdown of what these changes entail and how they might impact employers.
The Employment (Allocation of Tips) Act 2023: What Employers Need to Know
The Employment (Allocation of Tips) Act 2023, coming into force on 1st October 2024, introduces new legal requirements for distributing tips to employees. Historically, tip distribution has been an area of contention, especially in the hospitality industry. This legislation aims to ensure that tips, intended as recognition for good service, go directly to the workers.
How Intelligent Payroll Keeps Your Data Secure: Lessons from the MoD Breach
The data breach at the UK Ministry of Defence exposed the vulnerabilities of third-party vendor relationships. At Intelligent Payroll, we’ve implemented stringent security measures, including UK-based data storage and advanced encryption, to ensure your payroll data remains secure against such threats.We delve into the implications for businesses, exploring the vulnerabilities exposed and providing actionable steps to protect your organisation from a similar fate.
What Payroll Security Should Look Like: Best Practices for UK Businesses
Recent cyberattacks, including a breach at the UK Ministry of Defence, have highlighted the urgent need for robust payroll security. For UK businesses, safeguarding sensitive payroll data is crucial to maintaining compliance, protecting employee trust, and ensuring financial stability. This article explores best practices for payroll security, offering essential strategies to fortify your systems against potential threats.
We delve into the implications for businesses, exploring the vulnerabilities exposed and providing actionable steps to protect your organisation from a similar fate.
Ministry of Defence Payroll Breach: A Wake-Up Call for Businesses
In a shocking development, the Ministry of Defence (MoD) has suffered a major data breach affecting its payroll system. This incident serves as a stark warning to businesses of all sizes about the critical importance of robust data security. With sensitive employee information at stake, the potential consequences of such a breach are severe.
We delve into the implications for businesses, exploring the vulnerabilities exposed and providing actionable steps to protect your organisation from a similar fate.