payroll services
What are Bacs service user numbers (SUNs)?
It is the way, thanks to this unique six-digit number, that banks are able to identify which businesses are able to make payments in this way. The number that’s found on the bank statement of anyone who has received such payments allows the banks to track back to the originator of the payment should there…
Read MorePitfalls to avoid when processing payroll
Payroll processing is an extremely important task for employers. Getting wages and salaries spot on isn’t only essential from the employee’s point of view errors can end up costing employers dearly too. Add to this, the recent addition of Real Time Information (RTI) to the payroll equation and you begin to see that having your…
Read MorePAYE late submission penalties
As of 6 October 2014, HM Revenue & Customs (HMRC) will start to apply in-year penalties for PAYE RTI submissions that are received late or are outstanding at that date. What this means is that 5 October is a significant date, because on or before this day if you make any outstanding submissions, you will…
Read More10 ways to reward your employees besides salary increases
Things are tough right now for employers and employees alike. Wages and costs generally are constantly under the microscope and many employees fear that the days of long term job security are well and truly gone. What this means is that employees are seeking reassurance and employers are seeking tax and National Insurance (NI)-efficient ways…
Read MoreNational Insurance Employment Allowance explained
With a charge rate of 13.8% of most pay, Employer’s National Insurance Contributions are a sizeable cost to businesses of all sizes, but particularly to smaller businesses. In an attempt to remove some of the financial burden felt by these businesses and to reduce the resistance to employ people, George Osborne took an axe to…
Read MoreWhy paying electronically makes complete sense
HM Revenue & Customs (HMRC) has wished every payroll professional a Happy New Year by introducing significant changes to Employer Payment Booklets and letters. If you’re one of the business owners who are still taking responsibility for their own PAYE, then here’s a list of the documents that will be affected by this change: The…
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