Employment status – why it matters
The modern workplace has evolved rapidly, with the development of the ‘gig’ economy and new ways of working. Freelance workers, contractors working via personal service companies, and workers accessing web-based platforms, for example, are now all integral parts of the modern workforce. With the tax and employment rules struggling to catch up, employment status is… View Article
A guide to P11Ds for 2019
It’s almost time to submit your P11Ds for the 2018/2019 tax year. Nottingham chartered accounts, Clayton and Brewill, provide some guidance on P11Ds to help you get organised in advance of the July submission deadline. What is a P11D? A P11D is a mandatory HRMC form that details expenses and benefits provided to company employees… View Article
Changes to payslip legislation
From April 2019 new government legislation requires employers to provide payslips to all workers and, where pay varies depending on time worked, show the number of hours worked. Sarah Pownall, Payroll Manager at Nottingham chartered accountants Clayton & Brewill, explains the changes to payslip legislation. What are the changes to payslip legislation? From April 2019,… View Article
Are you prepared for the latest increases in pension contributions?
From 6 April 2019, there will in an increase in the minimum contributions that you and your staff will be required to pay into your automatic enrolment workplace pension. Sarah Pownall, Payroll Manager at Nottingham chartered accountants Clayton & Brewill, explains the latest increases in pension contributions and the implications for employers and employees. Under… View Article
Pension re-enrolment – don’t get caught out
Many businesses are not aware that they have a legal obligation to re-enrol some employees back into a pension scheme every three years, even if they have previously opted out. Not re-enrolling eligible employees could result in some significant financial penalties. Sarah Pownall, payroll manager at Nottingham chartered accountants Clayton & Brewill, explains the requirements… View Article
IR35 – change ahead?
IR35 is very much in the news at the moment with several tax tribunal cases involving IR35 contractors. Nottingham chartered accountants Clayton & Brewill, explains IR35 and why it’s creating so many headlines. What is IR35? IR35 rules were introduced in 2000 to apply in cases where someone would have been treated as an employee,… View Article
Personal Tax Accounts – how they can help to reduce payroll queries
As part of their Making Tax Digital initiative, HMRC made online Personal Tax Accounts available for all PAYE employees in 2015. Sarah Pownall, Payroll Manager at Nottingham chartered accountants Clayton & Brewill, explains how to reduce payroll queries from employees by encouraging them to utilise their Personal Tax Accounts. Online Personal Tax Accounts have been… View Article
National Minimum and Living Wage rates April 2018
Employers need to be aware of the new National Minimum and Living Wage rate increases that came into effect on 1 April 2018. Workers, both under and over the age of 25, including apprentices will see an increase in their take home pay due to increases in both the National Minimum and Living Wage. These… View Article
Auto-enrolment – don’t miss your deadline!
Recent research has discovered that an increasingly large number of small firms are missing their auto-enrolment deadlines. Sarah Pownall, payroll specialist at Nottingham-based chartered accountants Clayton & Brewill, explains the consequences of missing your deadline and provides some tips to ensure you don’t get caught out. According to workplace pensions provider Now: Pensions, of the… View Article
National minimum wage – don’t get caught out!
Last week John Lewis announced that it had breached national minimum wage (NMW) regulations – potentially costing the company £36m. Julie Braithwaite, payroll specialist at Nottingham chartered accountants Clayton & Brewill, provides a useful reminder of NMW rates to ensure you don’t fall foul. The John Lewis story John Lewis breached the strict NMW timing regulations… View Article