Research suggests nearly 90% of businesses made payroll mistakes in the last year. We highlight one of the most common payroll errors – duplicate employments – and advise on how to avoid it.
We look at the recent and future changes to National Insurance and the Health & Social Care Levy, and what it all means for employers.
The lockdown due to COVID-19 has brought particular challenges for trade contractors who provide their services to people in their homes or places of work. Businesses like RfM client Phillip Metcalf Cooling & Heating Services have had to make major changes to ensure the safety of staff and customers when doing essential work. So receiving the news that he’d been recognised as the UK’s No.1 Heating Installer during such a difficult period was especially significant for owner Phillip.
6 April is the start of the new tax year and the date when changes to tax rates and allowances usually come into effect. The start of the 2020-21 tax year brings changes to the Employment Allowance, the National Minimum Wage and statutory payments.
The National Living Wage will rise by 6.2% from 1 April 2020. Almost three million UK workers are set to receive a pay rise, described by the Government as “the biggest cash increase ever”. Whether you employ staff on the National Living Wage or not, your business is likely to be affected. We look into the potential impact of the rise and what you can do.
Ask any business owner what aspect of running their business causes them the most headaches and you will receive a common answer: their staff. From finding the right people to keeping records, drafting handbooks and dealing with issues in conduct, having employees requires specialist knowledge, skills and time that you may not have. As part of our commitment to provide comprehensive support to our business clients, we have introduced a range of HR services delivered via our colleagues at RfM Business Consulting.
Auto-enrolment: ‘As an employer, you provide the teabags … but you’re also responsible for providing a workplace pension.’
An increase in the personal allowance, set out in the UK Budget, came into effect on 6 April 2018. Changes to the basic rate threshold mean taxpayers in England can also earn more before the higher rate of tax kicks in. The story is slightly different for Scotland and Wales. Here we give you the headline figures.
We will soon start to see the effects of HMRC’s Making Tax Digital project on the PAYE system. Over the coming tax year, there will be an increase in the number of tax codes being issued. Hopefully, the changes will be good for employees… but only time will tell.