Employers who employ less than 50 staff are to be given more time to report Real Time Information (RTI) to HMRC.
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
Self employed people could be amongst the winners of the government’s new single tier pension.
The Institute of Chartered Accountants in England and Wales (ICAEW) has said that the upcoming real time PAYE system may prove “impossible” for many businesses to implement.
Around a quarter of small businesses are unaware that the Pay as You Earn (PAYE) system is going to dramatically change next April.
More than five million retired people could save up to £1000 per year if Chancellor George Osborne takes the advice of the Office for Tax Simplification (OTS) and scraps income tax on state pensions.
The Pay As You Earn (PAYE) system is to change from an annual to a monthly system, in a step designed to make it easier to manage for employers.
HMRC is planning to send penalty notices for late or missing monthly tax payments within the tax year as opposed to after April 19, which its current policy.
Public sector workers will have to work longer and pay more into their pension funds if they want to continue to receive better pensions than those in the private sector, the chief secretary to the Treasury, Danny Alexander has said.
Minimum Wage UK – We Discuss News About UK Minimum Wage Rates. We also discuss wages for British companies who are facing increases of up to £6.08 an hour.
UK Independent Auditors are not obliged to tell pension scheme trustees about intricate details regarding their schemes.