Expertly manage compliance and achieve accurate results As a new business founder, keeping track of the many moving parts of your company can be a challenging task. One essential aspect of your business that requires careful attention is […]
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 […]
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 […]
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 […]
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 […]
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. […]