Fixing problems with running payroll

Fixing problems with running payroll

Employers must report pay and deductions correctly to HMRC, but errors can usually be fixed in your next FPS. Employers need to use payroll software or other payroll services to record employees pay, deductions and national insurance contributions on or before each...
Setting up a payroll scheme

Setting up a payroll scheme

Registering for payroll is essential when hiring staff. From HMRC registration to legal compliance, getting payroll processes right ensures your team is paid correctly and your business avoids penalties. When starting a business and hiring employees for the first...
Mandating the Payrolling of benefits in kind update

Mandating the Payrolling of benefits in kind update

HMRC has delayed mandatory payrolling of benefits in kind by a year to April 2027, giving employers and software providers more time to prepare. Penalties will be eased in the first year. The requirement to report Income Tax and Class 1A National Insurance...
Autumn Budget 2024 – Minimum Wage increases

Autumn Budget 2024 – Minimum Wage increases

The Chancellor of the Exchequer, Rachel Reeves announced significant increases to the Minimum Wage rates on the eve of the Budget. The Chancellor confirmed that the government has accepted in full the proposals of the Low Pay Commission (LPC) for increasing minimum...
Starter checklist for PAYE

Starter checklist for PAYE

When hiring a new employee, employers must determine the appropriate tax code and starter declaration for their payroll software. Using incorrect tax codes can result in the new employee over or underpaying their taxes. To ensure the correct information is entered,...