You’ve found the perfect company fit, hurrah! And a sure-fire way to annoy your new golden employee is to input their data wrong, only for them to miss their first payday. You might laugh, but it’s been known to happen! Follow these five top tips on data for a smooth new starter transition. Get the right information It may seem pretty self-explanatory, but getting the right information from the get-go is crucial to a smooth start. Depending on how your payroll is set-up (managed or…
After supporting businesses for 19 months, the Coronavirus Job Retention or Furlough Scheme finally ends on September 30th 2021. What do employers and payroll professionals need to do as the scheme comes to a close? Many payroll professionals have had to adapt to furlough calculations and processing since March 2020. Whether going back to normality is a relief for your payroll team, or a worry, we hope this article helps it go as smoothly as possible for you. How much you can claim in September…
The details of the Flexible Working Bill read 30 June 2021, by Labour MP Tulip Siddiq. Currently, employees must have worked for their employer for a minimum of 26 weeks to be eligible to make a flexible working request. Recently, Labour MP, Tulip Siddiq, read a Flexible Working Bill in the House of Commons, which would mean that all staff would be entitled to flexible working from day one of employment. She called for employers to offer flexible working arrangements in employment contracts and advertise…
Please note, legislation has been updated in regards to holiday calculations since this article was written, effective for holiday years starting on or after 1 April 2024, so some of the content below may be out-of-date. If you're a Moorepay client, please contact us if you need guidance. Otherwise, please see this article on the changes for more information. Calculating holiday entitlement for workers with regular hours is relatively straight-forward. But what happens when you have employees who work different hours every day, week, or…
Does the thought of a whopping great fine break you out in a sweat? Nothing will hurt your bottom line more than a payroll fine. But luckily, they can be avoided all together. Check out our top tips for keeping your payroll compliant and avoiding additional charges. According to HMRC, ‘careless behaviour’ has amounted to more than £59m in UK business fines in just one year. Ouch… It’s pretty serious stuff. UK income tax penalties cover a wide range of different penalties, but for starters you’ll need to be aware of three areas: Failure…
With reports, end of tax years, P11Ds and more it's a bit of a minefield out there. And dare to let them slip your mind? Hefty fines await you! So we’ve provided the breakdown of the reports that need to be submitted to HMRC. The basics With every FPS and EPS you will need to submit employer information so that HMRC can identify you and your business. This includes: HMRC office number Employer PAYE reference Accounts Office reference Related tax year Where applicable, information may include: Employer’s Contracted Out…
It’s a minefield out there. Legislation can change at the drop of a hat and if you dare to miss it, you could be slapped with a hefty fine. We’ve pulled together some must-know legislation topics for SMBs. Workplace pensions Whether you employ one or one hundred people, it is a legal requirement to auto-enrol your employees into a workplace pension scheme. To qualify employees must meet the below criteria: Aged between 22 and state pension age Earn above £10,000 per year It’s worth…
While trusting your gut might get you so far, ROI is probably a better measure to base your business decisions on. So how do you get an accurate gauge on it for brand new and sparkly payroll & HR software before you take the plunge? What is ROI? Given that you probably hear the word thrown around the boardroom every other day, we’ll keep it visual: Essentially the above will spit out the percentage of your investment that you earn back through direct/ indirect profits,…
Your people are you biggest asset, and with that comes the biggest price tag. While you might pay through the nose for your people, processing their pay doesn’t have to. When assessing your payroll & HR it’s important to talk about value, not just price. Look for good employee experience When it comes to payroll, your employees are going to need the basics. Like being paid accurately and on time. Think it doesn’t matter? Research commissioned by Zellis suggests that 1 in 5 employees have…
Integration doesn’t just mean touch free data, a seamless experience and APIs lightening the load. What if we told you integration could have your finance team jumping for joy too? With 82% of businesses failing due to cashflow issues, it pays to invest in integration. Reduce headcount Ever get the feeling your admins spend their time doing, well, admin? How much could your business save if some of this admin was automated? Could you even save a whole headcount and invest that money elsewhere in…
