HMRC, entrusted with doling out the £27 billion worth of grants and funding under the Job Retention Scheme and Self-Employment Income Support Scheme are well placed to detect fraudulent claimants.
Pension & PAYE News
Pension news often details new developments, rules and regulations related to managing pensions. From state pensions to private pensions there is always something happening in the world of pensions. Read our posts for the latest.
PAYE means Pay as You Earn. PAYE and payroll management is a main service area of Steedman and Company. In our blog we take a look at the latest developments in payroll.
Some important aspects of payroll are:
- Payroll outsourcing: Would you be better outsourcing your payroll management to an external company?
- Payroll deductions: Tax, National Insurance and other deductions taken from earnings.
- Payroll confidentiality: Is your data secure?
- Real Time Information (RTI): The real time relaying of employee information.
If you prefer visuals to reading text you can take a quick look at our recent infographics which give a simple overview of NEST pensions and how to manage your pension online.
If you’d like to get to grips with PAYE have a quick read of some of our articles below to find out more. If you’d like some help with your own PAYE simply get in touch.[/av_one_half]
Pensions & PAYE Posts
We show you how to access and manage your pension online the quick and easy way in our straightforward infographic.
The National Employment Savings Trust (NEST) was set up in 2008 to facilitate auto-enrolment in the UK. Find out if a NEST pension is for you in our infographic.
Are you affected by IR35 tax legislation? If so it is important to know the rules. IR35 is a set of rules concerning tax and National Insurance contributions if you work through an intermediary via a contract.
With the accelerated payment scheme now brought in by HMRC this may be a good time for clients who have concealed income offshore or have been party to a tax avoidance scheme, to consider making a voluntary settlement.
As the new tax year starts, there is welcome good news for British employers.
From the 6 April 2014 you can get the Employment Allowance which could reduce your employer’s Class 1 National Insurance Contributions (NICs) by up to £2,000 every year.
Most people over the age of 16 pay it in one form or another but it is still an element of the UK tax system which can cause huge confusion among employees, employers and the self -employed.
You may or may not be aware that the law on workplace pension schemes has changed and the Automatic-Enrolment scheme, with which all employers must comply, is currently being rolled out across the UK.
Be aware of the following changes to HMRC PAYE and NIC which take effect from 6 April 2013.