If you have recently started your own company, then there will be lots to get done. Just getting a foothold in your sector and attracting customers is enough for any startup to be going on with. Alongside this, looking after your payroll is crucial if...
UK startups across all business sectors face legal responsibilities to pay employees appropriately. Some factors to consider include ensuring payment of the national minimum wage at the very least and ensuring all essential deductions from salaries. Essential deductions include any necessary repayments of student loans...
Running a payroll for any size of business can be a complex matter and government requirements for Real Time Information (RTI) can make this more difficult. Use of RTI means employers - including start-ups - need to report all gross pay, National Insurance (NI), tax...
All business owners have a number of different options available when it comes to paying themselves. It can be tricky to make the right decision, as you need to find the perfect balance between your needs and the needs of your business. One option is to...
Having an effectively managed payroll system is essential for all businesses. They act as records of wages, taxes and verification of contractor or freelance worker payments, and can be inspected by HMRC at any time. As such, companies must have an efficient and accurate system...
In a modern economy where competition in the market is greater than ever, firms need to take every available opportunity to gain an edge over their competition. Whilst recent trends tend to focus on previously neglected concerns, such as employee welfare and technological innovations, it...
Payroll can be a top concern for small business owners, after all it needs to be correct and employees need to be paid on time. If your business payroll causes you major headaches any time a run is due, follow these simple tips to make...
When it comes to running an SME, looking after your payroll is a key concern. This vital area is not only important for employees but also for your business. Mistakes made here can prove very costly when HMRC pick up on them. For many businesses,...
As an employer you will generally need to operate the HM Revenue & Customs (HMRC) PAYE system in order to collect the income tax and national insurance due via your payroll operations. If everybody that works for your business earns less than £116 weekly, you...
There is little doubt that payroll is one of the most essential areas within a business that employs staff. Not only will your employees not be happy if their pay is late or incorrect, but it is vital in terms of your legal responsibilities. Correct...