payroll issues

Managing automatic re-enrolment

Once you’ve been running auto-enrolment for three years you’ll need to re-enrol workers. Over the last five years there has been a seismic shift in attitudes towards retirement saving. Auto-enrolment means workplace pensions are now regarded by many employees as a normal part of working life. Although detractors argue that minimum contributions lull people into […]

payroll issues

Payroll issues for employers

A guide for employers on topical payroll issues. Employers need to keep an eye on changes affecting payroll so all employees have the right amount of tax deducted under PAYE. This is a round-up of the latest payroll-related developments. Dynamic coding In July 2017, PAYE tax codes became more refined. Under the new system, known […]

Employee benefits and rewarding staff

A guide to rewarding your staff and the tax treatment of employee benefits. Many of us do not really think about the commitment that employees make to their employers in terms of time. The average 9 – 5 worker with their 5.6 weeks of statutory holiday is likely to work around 1,880 hours a year. […]

Childcare vouchers and the new tax free childcare

Childcare vouchers were introduced some time ago to help working parents pay for childcare. So what are childcare vouchers? Childcare vouchers are tax free employee benefits that usually work through ‘salary sacrifice’ by exchanging part of gross salary to pay for registered childcare before Tax and NIC are deducted, hence, swapping taxable pay for a […]

How to run a company car scheme

A company car is something that can benefit both employers and employees, provided you plan accordingly. Important questions to ask yourself are: what kind of car should you choose? how are you going to fund it? how many employees will use it? what is the estimated annual mileage? These are all things you must take […]

Employee share schemes; advantages, problems and types available to employees

The number of businesses offering employee share schemes has doubled since 2000, according to HMRC. Giving employees the chance to invest in their company can help an employer improve retention, attract staff and raise funds. For employees, there’s the opportunity to save money in a tax-efficient way. Schemes are split into 2 categories: approved and […]