The latest industry news, research and insights
12
July 2015
Immoral behaviour embraces a broad range of activities and has a broad range of interpretations because, what one person may consider an improper act, another may consider freedom of expression. Two people each may have a strict code of morality, yet these codes may differ greatly in content. One of these people may consider that
12
July 2015
HMRC provides guidance on the taxation of air miles and similar benefits When employees obtain air miles or other rewards when they pay for business travel and subsistence is there a benefit that must be reported for tax purposes by the employer? Prompted, no doubt, by an extensive recent discussion on the Linkedin website, HMRC
12
July 2015
This acronym refers to Section 336 of the Income Tax (Earnings and Pensions) Act 2003. Broadly, if an employer makes a declaration on the P11D, which the employee and HMRC agree can be counted as tax-deductible, this is referred to as an S336 Claim. This would, generally, be an expense that has been declared by the
12
July 2015
Research has proven that businesses with a plan have grown faster, both in terms of turnover and profitability, than those that don’t. Whilst a business plan is often mandatory for those who want to borrow money from the bank or seek funding from investors, it should not be optional for the rest.
12
July 2015
We hope our Employers Guide to Pension Schemes will assist you – click on a link to read more information on that subject: Employee Pensions Occupational Schemes Personal Pensions Employee Pensions The provision of a pensions savings scheme to which employers, as well as employees, contribute demonstrates a commitment to staff well-being by providing a
12
July 2015
We provide you with the necessary advice and support to set-up, operate and maintain your payroll.
12
July 2015
For many businesses, if not all businesses, staff are the most important thing. Without staff, there is no business and without the business, there, of course, is no money. For this reason, it is always important to make sure that your staff are paid on time and the correct amount. It is always a big
12
July 2015
Whether you are running a small business or a multinational, a start-up or an established company, it is of the utmost importance that you are able to keep track of all of your employees in terms of how many hours they have worked, days missed, lateness and sick days. If you don’t know this information,
12
July 2015
When starting up a new business it is, of course, imperative to ensure that your house is always in order financially. Whether regarding payment of staff or your company’s general accounts and finances you will inevitably want to make sure that this is being taken care of in the right way, or you will risk the eventual collapse of your business.
12
July 2015
It is of the utmost importance for any business to have a good payroll system in place, this allows payroll professionals to handle important actions and information that needs to be taken care of with ease.
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Both Bacs Direct Credit and Direct Debit payments work on a three day cycle, taking three working days to clear. Payments are submitted to BACS on the first day, processed by the banks on the second day, and simultaneously taken from the sender account and credited to the recipient account on the third day.
It’s well documented that the hospitality sector has one of the highest staff attrition rates of any industry in the UK. Not only does this disrupt workflow and increase hiring costs, it also damages hospitality’s reputation as an industry worth moving into.
The planned basic state pension increase of 2.5% announced in the Chancellors Pre Budget Report will not apply to all pensions, it has been revealed. There is also growing concern among pension organisations over the increasingly complex system of revised pension schemes.
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