Payroll news

Is your employee taxed correctly? One-off payments likely to be considered as recurring income, says regulator - 11 September 2017

Employees who receive a bonus should review their personal tax accounts to prevent wrong tax code numbers being issued, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned. In its latest blog, the regulator said employees who

Huge fines for employers stalling workplace pensions - 11 September 2017

Around 800,000 small businesses are yet to enrol into the Government’s flagship pension scheme, new figures have revealed. The Pensions Regulator, which published the report, said more than eight million employees are now saving into a workplace pension, but thousands

HMRC given an extra £5.3 million to enforce minimum wage compliance - 11 September 2017

According to the Government’s latest Labour Market Enforcement Strategy report HM Revenue & Customs (HMRC) is to receive an additional £5.3 million of funding in 2017/18 to ensure businesses are paying employees the national minimum wage (NMW) and national living

Watson Buckle appointed Bradford’s first QuickBooks Platinum Partner - 11 September 2017

Watson Buckle is celebrating being appointed as Bradford’s first QuickBooks Platinum Partner. The firm has received the prestigious accreditation as a result of its expertise in supporting clients with the transition to cloud accounting and payroll solutions. The proactive, in-depth

Don’t get delayed over Easter weekend, say payment experts - 5 April 2017

Experts have urged businesses to “plan ahead” so that payments to staff and suppliers do not get delayed over the Easter weekend. The advice, from Bacs Payment Schemes, reminds owners that Friday 14 April and Monday 17 April are classed

Don’t get caught out, the National Minimum Wage increased this month - 5 April 2017

The National Minimum Wage (NMW) has increased for all workers operating in the UK this month (April 2017). For workers over the age of 25, this means that wages will rise from £7.20 to £7.50 per hour. Workers aged 21

New businesses offered workplace pension lifeline - 5 April 2017

The Government has announced that new businesses will be offered a reprieve of up to three months before they must enrol employees onto a workplace pension. This change will affect businesses entering the market for the first time, similar to

Tax-free childcare is coming this April - 5 April 2017

From 28 April this year, parents with young children will be able to claim tax-free childcare against their yearly income. The Childcare Choices scheme is designed for working parents with children under 12 – or for disabled children under 17.

HMRC reveals ‘real-time’ PAYE coding - 14 December 2016

HM Revenue & Customs (HMRC) has announced its intent to roll out real-time Pay As You Earn (PAYE) coding in time for the 2017/18 tax year. Coinciding with the launch of Making Tax Digital, HMRC’s new and improved online tax

Chancellor confirms NLW will rise in April 2017 - 14 December 2016

Chancellor Philip Hammond’s Autumn Statement has confirmed that the National Living Wage (NLW) for workers over the age of 21 will increase from £7.20 an hour to £7.50 as of 1 April 2017. The news may come as a blow