Making Tax Digital
VAT is being ‘made digital’ this year and HMRC plans to give income tax and corporation tax the same treatment in the future. But what does it mean to make a tax digital?
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Filing after the End of the Tax Year
When Real Time Information was first introduced, one of the surprising limitations was that, if employers didn’t send details of all wage payments within two weeks of the end of the tax year, HMRC would start automatically rejecting them. HMRC has now confirmed that this is going to change in April 2019.
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Happy New Year
January is an important month in the calendar year and in the self-assessment timetable, but it isn’t that special for payroll.
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Helping Staff with Universal Credit
Back in August, the Child Poverty Action Group flagged up a problem caused by the interaction between an employer’s choice of pay dates and their employee’s entitlement to universal credit. Although the recent budget did include some changes to universal credit, this particular problem wasn’t addressed. So, what can employers do about it?
The Payroll Site Tops Another Survey
The company behind AccountingWEB, a popular website for accountants, has completed its 2018 survey into the opinions of people who use accounting software. After each survey, an award is given to the best software product in each category. However, this year, the awards were a little different from usual.
Payroll – Who Needs It?
We sometimes get enquiries from people who are self employed, asking about setting up a payroll, but the truth is, most of them don’t need it.
Real Pay Cycles Send Universal Credit Loopy
Universal Credit is a monthly payment that is replacing six benefits, including Working Tax Credit and Child Tax Credit. It gives essential support for people who need it, including those in low paid jobs. However, the way it is calculated makes it highly sensitive to the exact dates when the worker is paid. As a result, employers choosing certain pay patterns can inadvertently make life very difficult for staff who receive Universal Credit.
How a Cheeky Ad Led to a Trade Mark
We have owned the trade mark ‘The Payroll Site’ for ten years now. Companies choose to protect their brand names for different reasons, but, in our case, it was prompted when a competitor did something very cheeky.
The Time Is Now: How to Help Your Employees Embrace Time Tracking
Around this same time in 2016, Sports Direct faced an inquiry for violating minimum wage laws. Facing Members of the Parliament, the company’s founder Mike Ashley admitted the retailer’s “unacceptable” practice of deducting 15 minutes worth of pay for being late to work for one minute.
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Up in the Clouds
As anyone who has watched a thunderstorm will know, clouds can be powerful and fascinating phenomena. The term cloud, when applied to computing, shrouds a useful idea in an unnecessary air of mystery.