Payroll

The budget and the small business owner

April 15, 2015 by David Swann

With the recent budget changes it is now time to plan your salary and dividends for the tax year ended 5 April 2016.

Stop RTI Costing You!

April 8, 2015 by Tracy Davis

Since 6 April 2013 employers have been required to report their payroll information to H M Revenue & Customs (HMRC) throughout the year. Up until now there have been no penalties for small employers for late reporting but this is about to change.

Could IR35 investigations be on the rise?

April 1, 2015 by David Swann

IR35 rules, which apply where an individual which would otherwise be an employee provides their services through a limited company, have been around for several years now. The aim of the legislation is to stop the tax advantage gained where a director/shareholder of a company draws dividends instead of a salary.

Employment Allowance – have you claimed it?

February 25, 2015 by Nathan Hopkins

From the start of the 2014/15 tax year, employers were entitled to a reduction of £2,000 against their Employer’s Class 1 National Insurance contributions (NIC)*.

In recent weeks, I have noticed several cases where employers had not claimed the £2,000.

Further postponement of RTI penalties

September 17, 2014 by David Swann

Back in March of this year, we reported in our blog that the issuing of automatic penalties for the late submission of Full Payment Submissions (FPS) and Employer Payment Summaries (EPS) were being delayed until October 2014. However, HMRC have just announced that small employers (50 employees or less) will not face the prospect of any penalties until March 2015.

National Insurance Changes

July 1, 2014 by David Swann

H M Revenue and Customs no longer issue age exemption certificates to employees when they reach state pension age. Previously, employers would require sight of a certificate before they stopped deducting national insurance contributions from the employee’s gross salary. However, under new rules, the employer simply needs to satisfy themselves that the employee has reached state pension age.

Do you have any employees under the age of 21?

June 3, 2014 by Nathan Hopkins

Next April will be upon us before we know it. But, for a change, the new tax year commencing 6 April 2015 could bring some good news to you and your business.

Claim your Employment Allowance of £2000

April 2, 2014 by Mark Wrigley

From 6 April 2014 employers will benefit from the new Employment Allowance announced in the March 2013 budget. Businesses will be able to reduce their employer’s Class 1 National Insurance Contributions (NICs) by up to a maximum of £2000. This new measure is also intended for future years with £2000 per year. Almost every employer […]

H M Revenue & Customs Delay Penalty Regime for RTI

March 19, 2014 by Simon Chaplin

Initially, penalties for late RTI submissions were due to start being issued from April 2014. However, HMRC have now said that the main penalty regime is being delayed.