Blog | Page 28 of 62 | Moorepay

Blog

July 3, 2021

How to avoid business fines: HR edition

In a world where working models are changing and there is a growing backlog of employment tribunals, it’s important to look to your HR department as a safety net, not as a cause for concern. Here's how to avoid business fines when it comes to your HR processes. Carefully consider risk assessments Due to the pandemic, HR staff and departments have been expected to carry out more risk assessments than ever before. If an issue comes up when conducting these risk assessments, businesses must carefully…

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how to avoid business fines hr
July 2, 2021

How to avoid business fines: payroll edition 

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…

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June 30, 2021

The payroll & HR reports every business MUST submit to HMRC 

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…

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The payroll & HR reports every business MUST submit to HMRC 
June 30, 2021

Should employers be preparing for a baby boom?

There have been many mixed reports on the baby boom - or baby bust - situation in the UK. Naturally, as Covid-19 has shaken up people's personal lives and careers since the start of 2020, the environment for growing a family has changed dramatically. At the start of the pandemic, the UK saw a sharp drop in pregnancy and birth rates. Unsurprisingly, economic instability, job losses, and health concerns made many people reconsider their plans to have a child. One survey in April 2020 found…

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baby boom
June 29, 2021

Payroll & HR legislation that SMBs need to know 

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…

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What you’ll need to kick-start using APIs in payroll
June 26, 2021

How to promote ethnic diversity in the workplace

We're a long way from having racial equality and ethnic diversity in our workplaces. So, what can employers and HR teams do to promote ethnic diversity in the workplace? Read our blog post to find out. Top-down approach There must be a top-down decision to ensure that equality, diversity and inclusion is reflected in the company’s core values. It should also be reflected in your policies, procedures and everyday practices. As part of your appraisal process, ensure that all levels of staff are assessed against…

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promoting ethinic diversity
June 25, 2021

How to measure payroll & HR software ROI

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,…

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How to measure payroll & HR software ROI
June 24, 2021

Why employee engagement is worth the investment

It’s no surprise that engaged employees are more productive. But building an engaged workforce takes time and investment. In an area that is hard to quantify, we ask the question – why bother? What is employee engagement? No, we’re not just talking about an annual employee survey and a peer review. Employee engagement goes above and beyond a tick box exercise: it’s about creating a safe environment in which employees can thrive. Thriving employees tend to deliver results, so that’s why we’re writing this, and…

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Why employee engagement is worth the investment
June 23, 2021

Simple ways to save money on your payroll & HR

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…

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Simple ways to save money on your payroll & HR
June 22, 2021

Reasons why changing payroll provider will make your finance team happy

We’re creatures of habit. Not so keen on change. It’s no surprise that changing payroll providers comes with a little work, and a lot of stakeholder management. So, if the purse string holders aren’t already convinced, here’s why they should give the green light. Cost savings This is the most obvious one. If you tell your finance department you’re in the market of saving them money, they’ll (almost always) be happy about it. However, it’s important to look beyond the bottom line. Maybe your new…

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Reasons why switching payroll provider will make your finance team happy