Category Archives: Pay

The top five errors people make with payroll

The Top 5 Errors People Make With Payroll

Getting staff paid accurately and on time, every time, should be the minimum expectation of a payroll team. Getting it wrong can lead to emotive and financial issues for both the employee and employer, as well as relations with the payroll team. Payroll teams are human, so mistakes will occur […]

Starting a career in Payroll – Nadine Morrison

Payroll assistant, Nadine Morrison

Last year, Nadine Morrison took a career change, and is now undergoing her qualifications in payroll! For National Payroll Week 2023, we’ve asked Nadine some questions to see how she’s finding her new career.   What did you do before working in payroll? I was an Administration Assistant.   What […]

What is National Insurance?

National Insurance pound

National Insurance Contributions (NICs) are payable by almost every worker and employer throughout the UK. They are an important deduction from your salary as the amount of Class 1 NICs you’ve paid throughout your lifetime affects your rights to the state pension. Likewise, those who are self-employed need to pay […]

The Autumn Budget Changes to Pensions

The Autumn Budget Changes to Pensions

If you have a UK pension then you may need to be aware of three important changes that were announced in the recent Autumn Budget:   No 1.  The change to the age that you can take an income from an invested pension. We’ve been mentioning this to our clients […]

The Autumn Budget Statement – Tax Tricks or Treats?

The Autumn Budget Statement – Tax Tricks or Treats?

On Wednesday 27 October the Chancellor of the Exchequer delivered the Autumn Budget Announcement.  In the run up to Halloween we ask whether it delivered tax tricks or treats?   The Autumn Budget Announcement trumpeted a “New Age of Optimism”, but there were ominous signs of tax increases to come.  […]

Eight Fun Facts About Payroll

Payroll

  To wrap up a blog series to celebrate National Payroll Week we have complied eight fun historic facts for people interested in a career in the profession or for business owners who are generally interested in knowing more about outsourcing your payroll.   1. The word payroll came into […]

‘Coronavirus Job Retention Scheme’ (CJRS) Coming to an End

Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme (CJRS) which has supported many employers since March 2020, will come to an end on 30 September 2021.   Considerations to prepare for the CJRS end   CJRS claims for September must be submitted to HM Revenue & Customs by 14 October 2021 and any […]

Financial planning for newly qualified dentists

dentist financial planning

Hurrah, after 5 long years you are now ready to go out and earn some money!  What should newly qualified dentists be thinking about? How you are paid Ultimately the contract with the dental practice will determine your status for tax but if you are self-employed, it is up to […]

Investment: Investing, Speculating or Gambling?

investment gambling

Everyday it seems I’m getting queries from clients asking whether they can buy individual shares through the investment accounts that we manage.   These queries are likely to be generated as a result of the sizeable gains seen in some stock prices since last March after the pandemic effects took […]

NHS Pensions – handy hints to plan your exit

NHS Pension

For most of the doctors I meet, their NHS Pension will underpin their retirement planning.  So, it’s probably a good idea to get clued up/take some advice if you have a specific date/lifestyle in mind! Here’s what you should be thinking about: We think it’s a good idea to determine […]