Payroll compliance in the UK is an integral and legal requirement for employee compensation. Employers are liable to calculate and withhold income tax and National Insurance contributions according to the Pay As You Earn (PAYE) system. They have to comply with certain key elements like minimum wage laws, pension auto-enrollment, and statutory pay entitlements like […]
Insights
The Pension Regulator: Key Roles and Functions
Importance of The Pensions Regulator is crucial for ensuring compliance with pension laws and regulations. It helps and safeguard employees’ post-employment savings by promoting best practices and preventing mismanagement.
How Accountants Can Simplify Automatic Enrolment for Your Business
Automatic enrolment might sound complex, but it’s really just a way for UK businesses to help their employees save for retirement. Under this policy, employers automatically enrol eligible employees into a pension scheme, contributing a portion of their earnings.
Understanding Employment Allowance: A Guide for UK Businesses
The Employment Allowance is a government initiative designed to help small businesses and charities reduce their National Insurance contributions (NICs). This allowance allows eligible entities to claim up to £5,000 annually