As we stampede towards summer, beach bags and flip flops in tow, you might begin to see some of your employees pushing the boundaries of ‘working from home.’ While the Maldives looks unlikely for many, the Red Lion’s beer garden is looking very appealing. So, if your employees’ new address has ‘arms’, ‘inn’ or ‘crown’ in the title, it might be that they are perched in their local during working hours. But how does this impact your business? Do you have rights as an employer to enforce working locations? And what are the potential benefits of alfresco or ‘agile’ working? Five top tips for employers While shipping your whole workforce to the…
Findings from our survey of more than 700 people reveal almost a third (32%) would consider bunking off work this summer. The research shows the top reasons for bunking off include catching up with friends, going on holiday, spending time with the kids, and going to the pub for a sneaky pint! All of this will come as no surprise to employers this year. Lockdown restrictions are set to lift completely by 21 June and experts are predicting a heatwave in the summer months. Feeling…
Your employee might be young enough to be in a higher repayment scheme, have PHD’s coming out of their ears, or maybe they have multiple loans to repay. Whatever the circumstance, whatever the repayment, this information impacts your payroll. Read on to find out how to apply student loans to your payroll, and important information you need to be aware of. How do I know if I need to take student loan payments from my employee? It’s worth noting when taking on a new employee…
We've seen the volume of employees paid by Faster Payments rise rapidly through the first months of 2021. Since November last year, we’ve almost doubled the number of monthly transactions. And in the same period, the monetary value of transactions has increased by almost 120%. What’s more, the overall number of Faster Payment transactions in the UK increased by 22% in March 2021, compared with March 2020. I’m keen to explain what Faster Payments are and the main benefits payroll teams see when using them.…
Everyone deserves to be paid fairly for the work they do, and minimum wage is in place to protect employees from exploitation. However, it wasn’t that long ago when huge names in retail, hospitality and entertainment failed to pay their employees basic minimum wage. So, what was their downfalls? And how can you as a business avoid the same mistakes? In 2017, the government named and shamed more than 350 big name employers who failed to pay some of their employees the national minimum and…
With the new tax year comes new allowances, taxes, benefits and legislation that we payrollers need to be aware of. Something to keep in mind this year is the personal tax allowance – but how is this applied to your payroll? Changes to personal tax allowance fixed until 2026 For the tax year 21/22, the personal Income Tax in the UK was increased to £12,570, while the threshold for paying the Higher Rate of Income Tax (40%) was increased to £50,270. As you might be…
As a payroll professional you may at times be required to manually calculate Statutory Sick Pay, or SSP. Here's how to do the maths. How is SSP Calculated? To make sense of SSP the calculation is simple. You’ll want to take the weekly rate (£96.35 April 2021 onwards) and divide it by the number of qualifying days in a week. Then multiply this by the number of days for which an employee is entitled to. Remember, the first three days the worker is ill are…
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. If you’re a Moorepay client, please contact us if you need guidance. Otherwise, please see this article on the changes for more information. Is calculating worker holiday pay driving you round the bend? Feel like you’re owed a holiday just for getting your head around it? Check out our employers’ guide to holiday pay calculations to make some sense…
IR35: a thorn in the side of many in 2020/21. And with costly fines looming, it pays to get it right. If the thought of IR35 miscalculations and contracting is keeping you up at night, then we have some simple ways to sense check if you’re on the right track. Check who falls inside & outside of IR35 If you’re still worried about whether the new legislation will affect your contractor, you can use the GOV.UK checker. This allows your contractor to check their employment status. Remember, as the employer it is your responsibility to…
Outsourcing your payroll, just like outsourcing anything in your business, does come with an element of risk. And not necessarily a fun kind of risk, like karaoke, blind dates, or opening a packet of ham that’s been in your fridge for a while. That being said, a small amount of risk can lead to great rewards - whether that’s a streamlined payroll experience or a delicious sandwich. We’ll walk you through the 7 most common perils of moving your payroll function from in-house to managed.…
