Pensions and auto-enrolment
Workplace pensions Following the introduction of the 2008 Pensions Act, all businesses with at least one eligible member of staff must operate a workplace pension scheme. Workplace pensions are regulated and protected by The Pensions Regulator which is […]
Company benefits and payroll
Benefits As well as a salary, companies will often offer additional ‘non-cash’ benefits to employees as part of their package. Unlike with salary, where both PAYE and National Insurance are automatically deducted from an employee’s net pay, non-cash […]
Construction Industry Scheme (CIS)
What is it? The Construction Industry Scheme, or CIS as it is more commonly known, was set up more than 50 years ago to deal with compliance issues in the construction sector. HM Revenue & Customs (HMRC) found […]
Reporting payroll information to HMRC
What to report As an employer, you are required to report details of your entire payroll via a ‘Full Payment Summary’ (FPS) each time your employees are paid. This means that if you pay weekly you will make […]
Common payroll forms explained
P60 At the end of each tax year, employers must provide all employees that were employed on 5th April with a P60. They must do this no later than the 31st May in either electronic or paper format. […]
Navigating the first few hires in a new Small Business
Starting a new business is an exciting and often daunting time with all of the admin, compliance and other pitfalls that the new founder has to navigate. For many businesses the first few hires can mean the difference between […]