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Accountants, Tax and Business Advisers in Cumbria and Carlisle

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Category: Payroll

Lamont Pridmore

Pension crisis looms, so how can business owners help their employees?

Posted on July 24, 2024 Posted in - Blog, Blogs, Payroll, Pensions

The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track for even a minimal retirement lifestyle rising from 35 to 38 per cent over the past year.  

Read more…

Lamont Pridmore

Understanding the new process for PAYE refunds

Posted on July 16, 2024 Posted in - Blog, Blogs, PAYE, Payroll, SME, SMEs, SMEs / Business, Start ups

The recent announcement by HM Revenue & Customs (HMRC) has introduced a change in the way PAYE refunds are processed.  

Read more…

Lamont Pridmore

Streamlining your payroll set-up with employment and tax records

Posted on May 21, 2024 Posted in - Blog, Blogs, Business, Business Advice, Employees, Employment, Employment and payroll, Payroll, SME, SMEs / Business, Tax

When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system!

Read more…

Lamont Pridmore

Reviewing your payroll? Check what’s changed

Posted on April 16, 2024 Posted in - Blog, Blogs, Business, Finance, Financial Planning, Payroll, SMEs, Tax, Tax Blog

With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around pay, holiday and tax.

Read more…

Lamont Pridmore

Why do SMEs need an accountant?

Posted on March 8, 2024 Posted in - Blog, Blogs, Budget, Business, Business Advice, Business Blog, Cash Flow, Cash flow management, Finance, Financial Planning, Payroll, SME, SMEs, SMEs / Business

If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant.

Read more…

Lamont Pridmore

Understanding payroll responsibilities for apprentice wages

Posted on February 8, 2024 Posted in - Apprentices, Blog, Blogs, Business, Employment, Employment and payroll, Payroll, SMEs / Business, Wages

Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes.

Read more…

Lamont Pridmore

New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs 

Posted on January 25, 2024 Posted in - Blog, Blogs, Income Tax, News, Payroll

From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll software. Read more…

Lamont Pridmore

Payroll tax obligations – Have you got it covered?

Posted on January 16, 2024 Posted in - Blog, Blogs, Business, Business Advice, Business Blog, Employees, Employment and payroll, Income Tax, Payroll, Tax

If you employ one or more people for paid work, it’s essential that you have a properly managed payroll.

Read more…

Lamont Pridmore

What businesses need to know about recent updates to payroll

Posted on November 14, 2023 Posted in - Blog, Blogs, Business, Business Advice, Employment and payroll, Finance, Payroll, SMEs, SMEs / Business, Wages

The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements. 

Read more…

Lamont Pridmore

18-year-olds to be included in auto-enrolment expansion

Posted on September 21, 2023 Posted in - Accountancy, Accounting, Blog, Blogs, Finance, Latest News, News, Payroll, Pension, Pensions

A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.

Read more…

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