Contractors are still not fully aware of the changes to tax legislation that are set to take effect in a year’s time, according to a survey from the Recruitment and Employment Confederation (REC). From 6 April 2017, all individuals engaged by public sector...
As you get older, pensions start to become more interesting. I remember at the age of 23 being persuaded by Mr Lambert (our Founder) that I should start creating a pension fund and was persuaded to contribute £60 per month out of my meagre salary to commence the long...
Auto-enrolment makes it easier for people to save money for their retirement. It means that every employer must automatically enrol eligible staff into a qualifying pension scheme. Complying with auto-enrolment To comply with the new pension reforms, employers will...
Real Time Information (RTI) is the system employed by HMRC for the reporting of payroll information, which requires employers and pension providers to provide detailed information to HMRC every time employees are paid. Under RTI, the employer is required to submit...
Every employer knows just how important wages are to recruiting and keeping good employees. So how best to go about setting rates of pay? There are three important factors to consider when it comes to establishing the rate at which a business pays its employees. Rates...
Whether an individual is an employee or self-employed in a particular situation is a question of fact depending on the terms under which he or she works. When you engage someone to do work for you, you have to decide whether or not to apply the PAYE rules. It is up to...
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