Apr 17, 2023 | Expenses, FAQ, Information, Misc, News, PAYE, Pensions, Tips
Pensions got a major overhaul in the Chancellor’s Budget announcements, with an increase in the amount you can put into your pension each year and an effective removal of the limit that your pension can reach before facing significant penalties of as much as 55%....
Oct 31, 2022 | FAQ, Information, PAYE, Payroll
The changes to income tax rates are going to benefit all taxpayers from April next year as they get to keep more of the money they have earned. But one knock-on effect is that the amount of tax relief you can get on your pension will be reduced for both 20% and 45%...
Sep 5, 2022 | Business Start Ups, Expenses, Information, News, PAYE, Tips
Dealing with PAYE is one of the main roles of any accounts department, and HMRC has been busy in this area over the past month, meaning there is plenty for businesses to know for the months ahead. One of the most pressing issues is that PAYE Settlement Agreements are...
Aug 8, 2022 | Business Start Ups, FAQ, Information, Misc, PAYE, Tips
We have all been there. The rising number of employees off over the summer months – especially now the kids have finished school until September – means some departments will be lacking in numbers and some work could get left behind. One area you cannot afford to let...
Jul 14, 2022 | Information, National Insurance, News, PAYE, Tips
A change in National Insurance contribution (NICs) levels comes into force at the beginning of July, which should save around 30m people £330 each, according to the Government. From July 6, the amount you can earn before you start paying NICs will increase, which...
