Posted by & filed under Payroll, Working Life.

The Working Time Directive came in to force in 1998, and prevents employers from making their employees work more than 48 hours in an average week.

Research has demonstrated that establishing a work life balance is important for mental wellbeing. Before the Working Time Directive came in to law in the United Kingdom, there was on average 3,992,000 employees working in excess of the recommended limit of 48 hours per week. In 2015, a reduction of around half a million people working over the specified amount was found. Furthermore, considering the growth of the UK’s workforce since 1998, the reduction is effectively in the region of just over a million people.

Of course, there are several exclusions that apply to the 48-hour limit, and both employers and employees should ensure they keep up to date with legislations in this area. It should be noted that hours are calculated as an average over a period which is normally 17 weeks. Consequently, 48 hour weeks may be worked so long as the average does not exceed this. On the other hand, staff members that are under 18 cannot work in excess of 40 hours in any week, as these hours will not be averaged out.

Employers need to ensure they supply their staff members with the correct benefits and pay for any work carried out. Secure Facilities payroll services will be able to create and process all necessary P45 and P60 forms that are required. We provide each of our clients with a dedicated payroll manager, and as we are linked to the HMRC, we can provide you with compliant solutions that ensure your payroll systems run smoothly.

Posted by & filed under Payroll.

Business leaders and experts have long suggested that outsourcing non-core functions is just best practice.

A non-core function is technically defined as a function that doesn’t turn a profit. Despite this though non-core functions can be absolutely essential, and one of these is payroll.

But, what do you really gain from outsourcing payroll? Is it worth the effort to identify effective and reliable payroll service providers? Do the benefits outweigh the extra effort?

So, what are the benefits?

Focus on Investing your Time Back Into your Business

Payroll is a critical function of any business, whilst it may not increase your sales, it may well decrease them if it is performed poorly.

It’s a time consuming process and may well take hours or even days of your time to complete, and this is all time that could be spent focusing on important issues within your business.

Then there’s the obvious legal requirements that need to be adhered to, such as tax, national insurance and employment law. There are requirements around withholding taxes from the employee’s pay, and also calculating the employer’s portion of taxable income. In some cases there are electronic filing requirements.

Reduced Cost & Risk Factors

Outsourcing payroll can also help cost cutting measures, whilst cutting significant risks. In the UK making just small mistakes can cost companies thousands in fines.

In the case of the new National Living Wage, a company that is found to not be paying their workers the minimum expected by these new government guidelines, can be slapped with unlimited fines and could be publically named and shamed.

A good payroll bureau such as Secure Payroll Services offers support beyond what you could do alone. It delivers peace of mind, ensuring that you’re up to date and working within all legal boundaries.

What Should You Consider When Outsourcing?

It’s worth remembering that even if you’re outsourcing your payroll needs to an external company, you as a business owner are still responsible if anything goes wrong, so picking a reputable company like Secure Payroll Services is the first priority.
If you’re considering outsourcing payroll, it’s a given that you should look at the typical three points you’d look at when choosing any kind of provider:

• Price
• Services
• Reputation

Remember that you’re giving over private information to a new payroll company, so ensuring they’re reputable is vital. There are many horror stories of companies who didn’t do their research and ended up paying the price. Quite Literally.

Posted by & filed under Payroll.

In April this year the Government’s new National Living Wage will come to into force.

If you’re working and over the age of 25, you’re legally entitled to at least £7.20 per hour, providing you’re not in the first year of an apprenticeship.

As an employer, you’ll need to ensure that you’re paying your staff correctly from April 1st, given that strict fines and penalties will be enforced if the Living wage isn’t adhered to.

What is The National Living Wage?

The ‘National Minimum Wage’ is currently £6.50 an hour, which rises to £6.70 in October. The Government has now announced that those over 24 will receive a premium which will take their hourly earnings to £7.20.

The Living Wage represents 55% of median earnings, which will increase to 60% if sustained economic growth is achieved.

Who is Eligible?

Most UK workers over 18 will be legally entitled to be paid at the very least the National Minimum Wage. Agency and casual workers, part-timers, pieceworkers and commission based workers will all be eligible to collect the minimum wage.

Some of those who won’t be entitled are workers who are: self-employed, volunteering, completing work experience, directors and those in the armed forces.

The Government has stated that any employers who break these rules can be named and will face criminal prosecutions and unlimited fines.

The change won’t affect people aged 24 and under, at the moment the national minimum wage is £6.70 and this will be the amount paid to those between 21 and 24. 18-25 year old’s has increased by 17p to £5.30 per hour. Whilst 16-17 year olds have had their pay raised to £3.87.

Posted by & filed under Payroll.

Individuals in the UK who are currently undergoing self-assessment will be given personal tax accounts. The system of online accounts, similar to personal online banking, is expected to replace annual tax returns.

These accounts allow people to view their tax details and make payments whenever it suits them. Two million businesses in the UK are currently operating with this new system and by April 2016 the government is hoping that all of the small businesses in the UK will be using the system.

These new accounts are expected to stop the backlog of owed tax, or refunds owed, at the end of each financial year.

By 2020 HMRC has stated that it would like all taxpayers, both personal and corporate to have one of these accounts. From 2018, businesses will be forced to update HMRC quarterly on the activities that bring them their main source of income. The obligation to report quarterly will also apply where the money is a secondary source of income worth more than £10,000 and the main income is from employment or from a pension.

HMRC plans to bring all the information it holds on a taxpayer into one system, including data from employers, banks, building societies and other government departments.

Posted by & filed under Payroll.

The Secure CIS Service is designed to take away all the hassle from contractors that is involved in setting up and maintaining the system relating to the submission of information to HMRC, including verification of subcontractors.

We will verify all of your subcontractors with HMRC on your behalf. The key aspect of the scheme is to ensure the correct deductions are made to the labour element of the invoices presented to you by your subcontractors. We will therefore check that you are paying the correct amount each time allowing you to concentrate on your main business needs.

The Secure CIS Service will generate the necessary statements in support of your payments to subcontractors. We will check that the correct deductions have been applied to the labour element of your subcontractor invoice in line with the CIS regulations.

Having over 18 years experience in the payroll industry with many clients benefiting from our expertise means that we are continuously dealing with and meeting HMRC’s extensive requirements.

Please contact us for more information on getting started.

Posted by & filed under Payroll.

Take advantage of outsourcing your clients’ payroll processing to the Secure Payroll Service.

You will be able to free up your resources to be used on added value work for your practice, your clients can be seamlessly transferred onto our payroll processing system without ever knowing the difference.

We will maintain your high standard of work, accurately processing your clients’ payrolls whilst delivering cost savings to your business.

Your client contact can remain with you, with us providing all payslips and payroll reports to you for onward delivery to your client. Similarly any variations for each payroll period, advised by your client, can be forwarded to us by you.

If you prefer, we can liaise directly with your clients, copying you with payroll reports and copy payslips, but leaving you to fee your clients directly.

Take advantage of this opportunity by contacting us today

Posted by & filed under Payroll.

If you employ fewer than 50 employees HMRC will require you as an employer to file these forms online from the 6th April 2011 as standard practice.

It is possible to do so now and this facility comes as a standard feature of the Secure Payroll Service once you have outsourced your payroll to us. Please contact us on how to get started with our service.

In addition the Secure Payroll Service also includes the production of the payroll year end forms P11s and P60s and the online submission to HMRC of forms P14 and P35.