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payroll

Employing students in the summer break

If you decide to employ students to assist with your staff needs over the summer, you will need to add them to your payroll and apply PAYE and NIC rules.

Will your director and shareholder dividends be hit by the NIC increase?

Shareholder directors of owner-managed businesses normally take a minimum salary and any balance of remuneration as dividends (distribution of company profits). Historically, dividend have been taxed as unearned income and this tends to reduce National Insurance Contributions (NIC), and in some cases income tax. 

What is the Employment Allowance increase for small businesses?

The Employment Allowance has risen from £4,000 to £5,000. This means that businesses and charities whose NIC liabilities were under £100,000 will be able to claim up to £5,000 off their employer National Insurance Contributions (NICs) bill.

Chichester Payroll Services - Outsource Your Payroll

Are you looking to outsource your payroll to our expert payroll accountants? Our Chichester payroll service team can run your business' payroll for you. 

Outsourced Payroll Service

Are you looking to outsource your payroll to our expert payroll accountants? Our Isle of Wight payroll service team can run your business' payroll for you. 

How will the National Insurance increase affect your business?

This is a reminder that from April 2022, National Insurance contributions are set to rise through the introduction of a 1.25% Health and Social Care Tax Levy. Dividends rates are also set to increase by the same amount.

How will the National Insurance increase affect you?

This is a reminder that from April 2022, your National Insurance contribution is set to rise through the introduction of a 1.25% Health and Social Care Tax Levy on earned income. Dividends rates are also set to increase by the same amount.

Final claims for the Statutory Sick Pay Rebate scheme

The Statutory Sick Pay Rebate Scheme will close on 17 March 2022. You have until 24 March 2022 to submit any new claims for absence periods up to 17 March 2022, or to amend claims you have already submitted. 

ISLE OF WIGHT PAYROLL SERVICES

Are you looking to outsource your payroll to our expert payroll accountants? Our Isle of Wight payroll service team can run your business' payroll for you. 

COVID-19: Temporary changes to sickness self-certification

New temporary changes to sickness self-certification came into effect on Friday 17 December.  Under the new rules, employees who are ill can now self-certify for the first 28 days.  They do not need to give their employer a doctor’s ‘fit note’ (also sometimes called a sick note).  

June furlough claim deadline

Furlough claims made in June 2021 must be submitted to HMRC by Wednesday 14 July 2021.

National Minimum Wage - Are you aware of your responsibilities?

Moore are currently seeing an increase in investigations into National Minimum Wage (NMW) cases.

April furlough deadline

The April furlough deadline is fast approaching. Claims must be submitted to HMRC by Friday 14 May 2021.

Calculating holiday pay

Employers should already be aware that there has been a change to the rate of pay that some employees should receive when on annual leave.

Upcoming changes to the Coronavirus Job Retention Scheme

Employees who were previously ineligible for CJRS as they were not on the payroll submission (RTI) before 30 October 2020 may now be eligible for periods from 1 May 2021 onwards.

HOW WILL THE UPCOMING CHANGES TO OFFPAYROLL WORKING IMPACT REAL ESTATE AND CONSTRUCTION INDUSTRIES

The update now puts the onus of the SDS (Status Determination Statement) on medium or large companies using contractors. Companies which HMRC defines as a small company will not have to complete the SDS.

Will you be affected by the National Living wage and National Minimum wage rises in April 2021?

Following recommendations made by the Low pay commission (LPC) at the end of October 2020 the government has confirmed that the National minimum wage (NMW) and National Living Wage (NLW) will both be increasing from the 1 April 2021. 

National Living Wage and National Minimum Wage to rise in 2021

In response to the Low Pay Commission’s recommendations, the government has confirmed that the National Living Wage (NLW) and the National Minimum Wage (NMW) are both set to increase from 1 April 2021 onwards.

National Minimum Wage changes from April 2020

The National Minimum Wage is due to increase on 1 April 2020.

Moore East Midlands achieves payroll scheme accreditation

The Moore East Midlands payroll team has been awarded the prestigious Payroll Assurance Scheme Accreditation by the Chartered Institute of Payroll Professionals.  

Low paid workers to qualify for sick-pay

The government has started a consultation to transform support for sick and disabled staff and remove barriers for employees.

Last reminder for employers to provide 18/19 P60's

If you are an employer, you have a statutory duty to provide your employees with a copy of their P60 (pay and tax details for 2018-19) on or before the end of May 2019.

Payroll changes from April 2019

There are a number of payroll changes coming into effect from April 2019 that employers need to be aware of.  

National Minimum Wage increases on 1 April 2019

From the 1st April 2019, the National Minimum wage is increasing.  

Do you need to outsource your payroll?

In the UK, there are around 1.4 million businesses that employ staff to run payroll in house. 

Do you need to outsource your payroll?

In the UK, there are around 1.4 million businesses that employ staff to run payroll in house. 

Do you need to outsource your payroll?

In the UK, there are around 1.4 million businesses that employ staff to run payroll in house. 

Pension contributions set to rise

From 6th April 2019, the total minimum amount being paid into the workplace pension both by the employer and the employee will increase from 5% to 8 % of qualifying earnings due to a change in workplace pension regulations.  (This is based on a qualifying earnings scheme.) 

Gender pay gap reporting

Employers with more than 250 employees MUST publish and report specific figures about their gender pay gap.  

Processing benefits and expenses through your payroll

There is now a voluntary facility for employers to put benefits and expenses through their payroll without having to submit a form P11D after the end of the tax year. If you intend to do so for the 2017/18 tax year, you must register with HMRC before 5 April 2017.  

The new apprenticeship levy - what you need to know

The new apprenticeship levy for businesses comes into effect on 6th April 2017.  All employers with an employee pay bill of more than £3 million each year will be required to invest in apprenticeships, with the size of the investment dependent on the size of the business. 

Salary sacrifice under the microscope

Salary sacrifice is a term applied to benefits taken in place of salary. In many respects these benefits provide employees with higher “take home” value than if the benefits were treated the same as cash income. Mr Hammond is mindful to curb this practice as it is intended that the change will add £1bn a year to tax revenues by 2020.

Salary sacrifice under the microscope

Salary sacrifice is a term applied to benefits taken in place of salary. In many respects these benefits provide employees with higher “take home” value than if the benefits were treated the same as cash income. Mr Hammond is mindful to curb this practice as it is intended that the change will add £1bn a year to tax revenues by 2020.

Is your contractor really a contractor?

Bringing in a contractor rather than recruiting another UK employee may seem attractive on paper. But beware...