Prepare for change: navigating upcoming payroll adjustments
National Minimum Wage and National Living Wage increase In the latest Spring Budget update, it was announced that starting from 1 April 2024, both the National Living Wage (NLW) and the National Minimum Wage (NMW) will undergo a rate increase per hour. The NMW stands as the minimum hourly rate that nearly all employees are […]
How does PAYE work?
Are you taking on your first employees? Do you know your pay-as-you-earn (PAYE) requirements? We’ll help you set up your payroll and get your PAYE up and running. Once you become an employer, you’ll need to set up a pay-as-you-earn (PAYE) scheme. All businesses that employ people earning above the National Insurance (NI) lower earnings […]
What is the Statutory Sick Pay Rebate Scheme?
In order to support employers facing heightened levels of COVID-related sickness, the Government is reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS). How will the scheme work? From mid-January, small and medium-sized employers will be able to claim for COVID-related statutory sick pay costs, occurring from 21st December 2021 onwards, for up to two weeks […]
