Wednesday, April 29, 2020
An essential part of contemporary business practice, the retention of payroll records is often an afterthought when it comes to mission critical tasks. However, failing to abide by the law can carry significant reputational and financial penalties that can carry long-term ramifications for your business.
Monday, April 27, 2020
Retaining focus is easier said than done. Even in a digital workplace, distractions come quick and fast – pulling vital team members away from essential work or bringing risk of burnout. However, retaining the right degree of attention is far from impossible. So, why exactly is employee focus so important and what can be done to improve it?
Saturday, April 25, 2020
While bursts of productivity may be easy for most of us, staying productive is another question entirely. This is where your diet can make a big difference. The food you eat can have more of a bearing on your performance than you might think.
Thursday, April 23, 2020
Payroll is a fundamental pillar of any company. It is a list of the company’s employees, and the amount of money that they are paid. It is essential that payroll is accurately calculated, as mistakes can result in employees being over-paid or underpaid. Or worse – a payroll mistake can land the company in trouble with HMRC.
Tuesday, April 21, 2020
PAYE – or ‘pay as you earn tax’ – is a UK-wide system that allows employers to deduct tax on income payments to their employees on a weekly or monthly basis. As the employer, it is your responsibility to keep track of your PAYE payments and to forward the correct payment amount to the tax office.
Sunday, April 19, 2020
A crucial administrative task for many businesses – correctly calculating payroll tax is often overlooked as a mission-critical process. However, with so much importance placed on it, it is vital to understand how much you are expected to pay, potential risks, and how validating it can be made foolproof. So, how much payroll tax is applied to a business and what are some of the key wrinkles to avoid?