Here’s what you need to know if paying staff early this Christmas!

As we get closer to the festivities, we would like to remind employers of the permanent easement on reporting PAYE Information in real time that came into place in 2019. Many employers like to pay their employees earlier than usual during the festive period. There are a number of reasons for this. For example, the business may close for Christmas, meaning workers need to be paid earlier than normal. But if you get the dates wrong on the electronic submissions made to HMRC, it could hit employees on Universal Credit hard. The Low Pay Commission report states that 1 in 5 apprentices earn less than their legal entitlement.

NI Rise and tax changes to Health and Social Care

A week ago, the government announced a tax change to help fund the NHS and social care across the UK, reported to raise around £12 billion a year. Whether you agree with it or not, here are the changes you need to be aware of:
The Low Pay Commission report states that 1 in 5 apprentices earn less than their legal entitlement.

National Minimum Wage 2021

Rishi Sunak announced his budget to the house. There were no less than 63 key updates in this budget, so whilst many people have already posted all the headline points, I thought I would break down in a bit more details every change related directly to payroll.

Payroll Update – Budget 2021

Payroll Budget

Rishi Sunak announced his budget to the house. There were no less than 63 key updates in this budget, so whilst many people have already posted all the headline points, I thought I would break down in a bit more details every change related directly to payroll.

Bounce Back Loan Repayment

If you took a bounce back loan and are struggling with cash flow, you have to read this… Here is how you can potentially save OVER £17,000 over the next two years until you get back on your feet. Say you took out a £50,000 loan, your monthly payments would be £747.93 for 72 months […]

A tougher 3 Tier system will hit England after lockdown!

As England comes out of lockdown in 5 days, a stricter three-tiered system of local restrictions will come into place. According to Downing street, more areas will be set to go into higher tiers to limit the spread of the virus. Some tiers will also be strengthened to safeguard the lockdown progress. Today, the government […]

Rishi Sunak Extends Furlough Until March 2021

Rishi Sunak Extends Furlough Until March 2021 The scheme which helps pay up to 80% of workers’ wages, will now be extended until March 31st 2021. Unfortunately, this does mean the job retention bonus will be put on hold, meaning companies will no longer be able to claim £1,000 per employee until next year if […]

Will you miss out on the £1,000 Job Retention Bonus?

Are you aware of the Job Retention Bonus (JRB) which allows employers like you to earn £1,000 per employee? Did you also know that thousands of companies are simply missing out because 1) they don’t know it exists and2) those who are aware miss out on a technicality. Rest assured we have all the answers. […]