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Archive for the "Payroll" Category

Cyprus

10 Things you didn’t know about me

20th December | Posted in: Community, Company News, Payroll

What does a typical work day involve for you?   A typical day involves processing payroll for clients and responding to email queries.  I am also responsible for clients’ pension imports and...

apprentices

How much should I pay my apprentices?

11th December | Posted in: Government Announcements, Payroll, Regulations

The Government are currently running a campaign advising apprentices to check their pay and complain if they are not being paid correctly.  Data shows that almost one fifth of apprentices at Level tw...

Changes to termination payments

22nd May | Posted in: PAYE & NI, Payroll, Regulations

Care is always required when employees are made redundant or payments are made on the termination of employment. Not only are there employment law considerations, there are also important tax implicat...

Form P11Ds to include benefits provided by salary sacrifice

17th May | Posted in: Company News, PAYE & NI, Payroll

Employers need to report all Benefits in Kind (BiKs), including those under the Optional Remuneration Arrangements (OpRAs) or “salary sacrifice” arrangements, to HMRC on form P11D from 6 April 201...

What is a P11D?

26th April | Posted in: Payroll

What is a form P11D?  A form P11D reports any benefits in kind or non-exempt expenses payments received by employees, including company directors, and their families or household to HM Revenue & ...

Tax efficient extraction of profit from companies for 2018/19...

25th April | Posted in: Business Tax, PAYE & NI, Payroll, Planning

The new tax year means that many directors of family companies will be considering the most tax efficient method of paying themselves. For many years accountants and tax advisors have suggested that d...

Are you sure you or your workers are self-employed?

2nd April | Posted in: Government Announcements, PAYE & NI, Payroll

Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which ...

Paying your Employers’ PAYE to HMRC – Switch to Electronic...

30th March | Posted in: PAYE & NI, Payroll

HMRC are encouraging all employers to pay electronically. If you already pay HMRC electronically please review the reference information that you have provided to your bank to ensure it is up to date....

Charge applies if you exceed the annual pension allowance

26th March | Posted in: Allowances, Payroll, Pensions, Savings & Investments

If your pension savings exceed the annual pension input limit (generally £40,000) then there is an annual allowance charge. The effect of the annual allowance charge is to reduce tax relief on any pe...

Scottish Income Tax Changes 2018/19

16th March | Posted in: Payroll, Personal Tax, Planning

There will be new income tax rates and bands for Scotland with effect from April 2018. The same Basic Personal Allowance as the rest of the UK of £11,850 will apply, however the income tax bands and ...

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