Tag Archive for Payroll

Originally written by Matthew Stark on Small Business
It is very rare that you will get advance warning that a disaster is about to hit your company.
Even if you do have some time to plan, it doesn’t mean things won’t go wrong as every crisis is unique and brings with it its own challenges. The current crisis we are facing is unprecedented, and certainly unexpected, meaning many employers will be dealing with business-critical issues they never thought they would have to factor into their plans.
With this in mind, the coronavirus outbreak has reminded all of us that having robust continuity strategies in place to deal with a crisis are critical. However, a lot of businesses will have had little or no contingency planning for a crisis of this magnitude and will be scrambling around trying to figure out what to do in the face of such uncertainty.
>See also: Business continuity plan: What it is and why you need it
One of the major problems that surfaces from not having a robust plan in place is that in putting out fires, as an employer you can forget about arguably your most important stakeholder – your staff. Many are working harder than ever to

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Freelancers call government 6-week review into IR35 ‘an insult’

by Timothy Adler • January 7, 2020 • 0 Comments

Originally written by Timothy Adler on Small Business
Freelancers have called the government’s six-week review into IR35 tax changes “an insult” and claim HMRC is intent on bulldozing its controversial reforms come what may.
HMRC wants to bring thousands of freelance contractors who are effectively full-time employees within PAYE to tackle what the taxman sees is “disguised employment”. Responsibility for assessing the tax status of self-employed contractors is due to shift from the contractor to the company that hires them.
IR35 legislation, which has been heavily criticised by tax experts and business as being poorly conceived, badly implemented by HMRC and could reduce a worker’s net income by up to 25 per cent, is set to roll out on 6 April 2020.
>See also: Over half of self-employed don’t even know what IR35 is
However, the Federation of Small Businesses says that big corporations say they’ll pull the plug on contractors if IR35 goes ahead unchanged.
Today (Jan 7) the government launched its review into off-payroll working rules, gathering evidence from affected individuals and businesses, which it says will be completed by mid-February.
Julia Kermode, chief executive of The Freelancer & Contractor Services Association (FCSA), said: “This seems to be another meaningless review from a government who

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What is payroll giving and how does it help engage your staff?

by Klara Kozlov • December 5, 2019 • 0 Comments

Originally written by Klara Kozlov on Small Business
Eighty-three per cent of millennials say they would be more loyal to a business that enables them to contribute to social problems.
Clearly, in today’s competitive talent market, there is an increasing need to offer engaging experiences to retain employees.
However, although most companies realise the importance of employee engagement, the majority find it very challenging to find something to actually engage employees with.
Payroll giving is something to consider – through our Give As You Earn (GAYE) scheme over 2,500 companies and their staff to give over £74m to charity each year. Since 1987, over £1.3bn has been given.
>See also: Giving to charity good for business survey finds
What is payroll giving?
Payroll giving is a scheme that enables your employees to give to any UK charity straight from their gross salary (before tax is deducted), and to receive immediate tax relief. Charities also don’t have to claim Gift Aid, so there’s less administration for them and they can plan and budget for the future based on the regular, reliable donations received through payroll giving.
How to get started
There are several reliable, accredited payroll giving providers in the market, each with their own unique offerings. Using my own

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How can I set up payroll without an accountant?

by Michael Somerville • October 23, 2018 • 0 Comments

The post How can I set up payroll without an accountant? appeared first on Small Business.

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Entrepreneurs Find Hiring a Payroll Service Brings Perks

by Jay DesMarteau • April 5, 2017 • 0 Comments

It’s natural to want to keep costs low but a payroll service is worth the cost.

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Four tips to avoid Christmas payroll pitfalls

by Ben Lobel • December 7, 2016 • 0 Comments

It’s nearly Christmas, which means many people can look forward to a well-earned rest. But if you are an employer or payroll professional, Christmas and New Year’s brings a number of potential challenges that you need to be aware of and prepare for before you can start your Christmas break. Here are some of the
The post Four tips to avoid Christmas payroll pitfalls appeared first on Small Business.