Daily COVID19 update: 2nd April 2020 – Payroll Furlough Facts – we thought it would be beneficial to bring you the answers to the most common questions you are asking regarding the Coronavirus Job Retention Scheme – Payroll Furlough Facts & the Coronavirus Job Retention Scheme.
Continue readingCategory Archives: Payroll
COVID19: Further Clarity on the Coronavirus Job Retention Scheme
COVID19 Update: 27th March 2020 – Further Clarity on the Coronavirus Job Retention Scheme – The government has now provided further clarity on the Coronavirus Job Retention Scheme, we have outlined this for you below:
Continue readingCOVID19: Support for UK Business through Coronavirus – Job Retention Scheme & more plus updates for self-employed
Daily COVID-19 Update 23rd March 2020 – Support for businesses through the Coronavirus Job Retention Scheme. Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.
Continue readingIR35 for private sector delayed & other measures announced to reduce the financial impact of COVID19
Important news from The House of Commons last night, in response to the economic impact of coronavirus the IR35 off-payroll rules for private sector engagers have been delayed until 6th April 2021.
The IR35 delay came in response to growing calls for the government to offer support to the self-employed and freelancers.
Continue readingNational Insurance Updates: Are you aware of the changes?
The National Insurance Contribution Threshold will rise to £9,500 a year on 6th April 2020, consequently 31 million UK taxpayers will begin to pay less national insurance!
This means that the typical employee will pay around £104 less in 2020/21, and self-employed people who pay national insurance at a lower rate will have £78 cut from their bill.
Continue readingA Quick Guide to Gift Aid – Are you aware of Tax Relief for Charitable Donations?
Tax Relief for Charitable Donations
Are you aware of Tax Relief for Charitable Donations? If you donate to charity, did you know you can do so tax-free? There are various ways of making tax-relieved gifts to charity – the way in which the relief works depends on whether the donation is made via Gift Aid, as a deduction from wages or a pension via the Payroll Giving Scheme, in a will or whether it is a gift of land or property.
Worried About Running Payroll?
Are you worried about running payroll? With ever-changing regulations, running payroll effectively is becoming increasingly complex. At HB Accountants we’ve found that these are the issues that matter most to our business clients from Hoddesdon to Hertford and Ware to Welwyn.
Continue reading
Tackle Cybersecurity for Payroll Records
Reply
It’s safe to say that payday is the time of the month that employees look forward to. But there are hidden processes and vital security measures that are necessary to make this coveted day run smoothly. Using an outsourced partner like HB Accountants for your payroll can help you to streamline your payroll and cut the risk of a cyber breach. So, what’s at stake?
How to Find Help with Payroll
There’s a good deal to think about when running payroll. But the overriding concern is that your payroll must be right, as employees need to be paid correctly and on time. As an employer you are responsible for managing payments, reporting on pay, and paying HMRC, not to mention handling workplace pension contributions, administering childcare vouchers and managing salary sacrifice schemes too. Many companies seek outside help in order to handle their payroll effectively.
