Salary advances, essentially a pre-payment of wages, can be a valuable tool for employees facing unexpected financial challenges. However, while in theory, it seems a quite straightforward process to pay an employee early, businesses need to understand how to report…
How to manage salary advances on your payroll Read Post »
The hospitality sector is set to undergo a significant transformation following the passage of the Employment (Allocation of Tips) Act 2023. This legislation, which received Royal Assent on 2 May 2023, is expected to come into effect in 2024. It
As a business owner, offering ‘benefits in kind’ is a brilliant strategy to attract and retain the best talent in your company. However, it’s crucial to remember that these benefits are taxable, and correct reporting to HM Revenue & Customs
Optimising your payroll efficiency: A guide to filing P11D forms Read Post »
Employers can often find discrepancies within payroll involving Pay As You Earn (PAYE). This can have major effects on both employer and employee concerning things like your PAYE tax bill and National Insurance contributions. With this in mind, here are
Common employer PAYE charge issues Read Post »
According to Reward Strategy, figures suggest that sickness absence in the UK rose to a new high in 2022. The data shows that 185.6 million working days were lost, with the most common reason being minor illnesses, which accounted for
Managing sickness absence on payroll Read Post »
According to Government statistics, around 1.5 million students receive student loans every year in the UK. Once the students have graduated and moved on to employment, the repayment of the loans begin, with small amounts being deducted from their salaries
How to manage student and postgraduate loans on payroll Read Post »
