From 1 October 2009 the new national minimum wage will increase as follows: £5.80 an hour to workers aged 22 and above £4.83 an hour to workers aged 18-21 £3.57 an hour to workers aged below 18 who are no longer of compulsory school age If you are an employer make sure you adhere to [...]
Here are a few deadlines that you need to put in your diary: 19 September 2009 PAYE period to 5 September cheque payment due (22 September for electronic payment) 1 October 2009 Corporation Tax payment date for Company’s with a 31 December 2008 year end 19 October 2009 PAYE period to 5 October cheque payment [...]
A note for your diary, from 1 October 2009 the limit on a week’s pay for the purposes of calculating a statutory redundancy payment will increase from £350 to £380. The increase also applies to a wide range of employment tribunal awards that are calculated using a week’s pay, that an employer might have to [...]
On the surface paying your employees may seem like a simple task. However, behind the scenes it is a complex set of functions that are all integrated to ensure that employees are correctly paid. Functions such as deducting the correct amount of tax, compiling financial reports, deducting student loans or paying Statutory Sick Pay are [...]
Making staff redundant is never easy. But where the employer can afford to make a payment to the employee over and above the statutory redundancy, which is capped at £350 per week, both sides may feel better about the process. These additional redundancy payments are often referred to as payments in lieu of notice (PILON). [...]
Did you know that as an employer from 1 April 2009 all staff are entitled to at least 5.6 weeks (28 days) holiday entitlement (including bank holidays) and for those who are part time it is pro-rata. Business Link have provided an easy to use tool to calculate your employees annual leave entitlement. Technorati [...]
Expenses to report on the P11D. The starting point is that all expenses reimbursed and benefits made available to an employee who earns £8,500 or more, or who is a director, must be reported on a form P11D, unless a dispensation is in place that covers those particular items. This applies even if all the [...]
Thanks to our friends at WinWeb we will be bringing to you business start up ideas over the coming months. In these difficult economic times we are doing as much as we can to help small business, and now thanks to WinWeb we are able to bring you ideas for a new business. [...]
I must admit I hate that phrase, who are they kidding, it might not have to be taxing but it is! However, what HM Revenue & Customs have done is put together a few videos covering basic taxation, how to register yourself with HM Revenue & Customs, PAYE and they have added videos covering the [...]
Templates, forms and tools have been created by ACAS to help businesses ensure that they follow best practice in areas of employment law such as equality and diversity. The ‘ACAS model workplace’ is a template that can also be downloaded free of charge and is designed to aid businesses to improve the effectiveness of their [...]
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