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You are currently browsing the archives for the Employers category.
New anti-money laundering regulations take effect Newsletter issue – September 2017. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Pay) Regulations 2017 (SI 2017/692) took effect from 26 June 2017 and replace the previous 2007 Regulations with new statutory requirements for systems and procedures. Broadly, the regulations require firms undertaking certain[…] Read more »
The Spurling Cannon Community Fund (SCCF) April 2017 Update Every year, The Spurling Cannon Community Fund (SCCF) supports a local charity close to our hearts. Although we aim to raise funds for the chosen charity through events such as our annual golf day, and sponsored bike ride, we also donate our time to help where[…] Read more »
PAYING EXPENSES TO EMPLOYEES – What to report? As an Employer, what do I have to report to HM Revenue & Customs, when paying expenses to employees, or reimbursing them for costs incurred on behalf of the business? And do I have to deduct tax and National Insurance? The rules in this respect[…] Read more »
Salary vs Dividend Newsletter issue – March 2017. The questions surrounding the issue of how best to extract profits from a company in a tax-efficient manner remain as popular as ever. Despite the introduction of the dividend allowance, and the personal savings allowance, extraction by remuneration and by way of dividend remain the two most[…] Read more »
Spread a little Christmas Cheer (and why not extend it to the rest of the year too) I know what you’re thinking. ‘It’s only October – can we pleeeeease not talk about Christmas already’. But a successful and happy family Christmas doesn’t just happen. It takes work and planning. Like running a business. You can’t[…] Read more »
Payrolling benefits in kind From 6 April 2016 employers can choose to utilise a new HMRC online service ‘payrolling benefits in kind’ which changes the way in which expenses and benefits are taxed and reported to HMRC. So what is payrolling? Payrolling essentially means that employers can put all benefits and expenses through the payroll,[…] Read more »
£50 is trivial, up to 6 times in a tax year! From 6 April 2016, employers no longer have to agree with HMRC that certain Benefits in Kind are ‘trivial’. Read the full requirements including the examples at https://www.gov.uk/government/publications/tax-exemption-for-trivial-benefits-in-kind-draft-guidance/tax-exemption-for-trivial-benefits-in-kind-draft-guidance. Example A is an employer who takes employees out for a meal to celebrate birthdays. Example[…] Read more »
Shared Parental Leave (SPL) and Pay (ShPP) Shared Parental Leave and pay became an option for working parents with a child due to be born or matched for adoption on or after 5th April 2015. Despite leave being able to be taken with effect from December 2014, our payroll department has had no[…] Read more »
Not meeting your targets.. Could the answer be a staff incentive programme? In an ever more competitive world, with high price sensitivity and lack of loyalty it is becoming more and more important for companies to be different and stand out. In order to gain a competitive edge with both customers and employees many companies[…] Read more »
Getting your finances into Summer shape It may still be spring but Summer is approaching quickly and it’s time to kick up the intensity in your workouts so you can look great at the beach or just walking around town. Here are my top tax tips for getting your finances in the best[…] Read more »
