It is quite common for companies to pay their staff earlier at Christmas time. This is nice for employees, but it can have a nasty side-effect on workers who receive Universal Credit payments. HMRC has issued some new guidance, aimed at preventing this problem.Read more Paying Early at Christmas – New Guidance
The company behind AccountingWEB, a popular website for accountants, has completed its 2019 survey which assessed the views of people who use accounting software. I’m very pleased to say that The Payroll Site, again, received the highest ratings in the Payroll Software category.Read more The Payroll Site Tops AccountingWEB Survey Again
A report about Universal Credit, published last week, highlights how an employer’s choice of pay dates can still have unintended consequences for the staff. The report, from the Child Poverty Action Group (CPAG), states that, “The strict system of monthly assessment of earnings can cause a host of problems as months do not all include the same number of paydays”.Read more Universal Credit Still Can’t Cope with Real Pay Dates
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?Read more Making Tax Digital
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.Read more Filing after the End of the Tax Year
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 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.
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.
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.
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.