When it comes to Statutory Sick Pay (SSP), most payroll teams are confident in calculating payments for a single period of absence.
Category Archives: Blogs
When silence costs millions – Ignoring HMRC is a risk you cannot afford
Most directors do not expect to face personal tax bills in the millions.
Mandatory payrolling delayed to 2027 – Time to prepare, not to forget
The Government has confirmed that the mandatory payrolling of benefits in kind (BIK) and taxable employment expenses will now be introduced from April 2027, a year later than initially planned.
How trivial benefits can improve employee morale without increasing your tax bill
When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks.
Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?
Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from over 13,500 in 2018/19 to just 46 in 2024/25.
Making Tax Digital is expanding – here’s what sole traders need to know
A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate
Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early payments, linking it more closely with the Bank of England base rate.
Are your payroll practices compliant with the new minimum wage rates?
1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage (NLW) and National Minimum Wage (NMW).
Time is running out to make personal pension contributions for the 2024/25 tax year
The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is important to plan ahead to avoid missing the deadline.
What are the Inheritance Tax benefits of writing a life insurance policy in trust?
Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations.