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A couple of reminders for you. PAYE & National Insurance Employers PAYE & NI payments (including construction industry payments) for each tax month ending on the 5th are due for payment by 19th (by cleared cheque) or 22nd for electronic payments. Care should be taken when either of these t... Continue reading

The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice - you must be at least school leaving age to get it. Year21 and over18 to 20Under 18Apprentice* 2014 (from 1 October) £6.50 £5.13 £3.79 £2.73 2013 (current rate) £6.31 £5.03 £3.72 ... Continue reading

Employee (including directors) loans – personal tax perspective It is well known that loans made by a company to any employee, which include a director, have taxation consequences. This particular note is to advise on changes to the rules regarding the beneficial loan regulations. When a loan appl... Continue reading

Some updates regarding Payroll this year   Real Time Information (RTI) is an initiative by HM Revenue & Customs to make it both simpler & more efficient for employers & team members to contribute via PAYE. Previously, PAYE would be deducted monthly, with a wage packet, and this is... Continue reading