Olga Sala
Understanding payroll for a small business Payroll is one of the most important aspects of running a business. You need to pay your employees their salary and on time. It is not an easy task for anyone as there are regulations that need to be followed diligently, and it needs to be accurate as any...
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Outsourcing payroll: what you need to know Payroll is the process of ensuring your employees get paid on time and the right salary, as well as deducting the right amount from their pay for tax and pension purposes. It is very common for business owners to outsource their payroll to their accountants and expert payroll...
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Tax traps and how to transform them
Article written by Matt Coppin, Wealth manager adviser approved by the FCA There are situations in which the UK’s complex tax system leaves employees paying very different percentages of the tax burden. We have highlighted below three common examples: The 60% tax trap if you are earning £100,000+ Most people have a tax-free personal allowance...
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Salary Exchange is a zero-cost employee benefit that increases your employees’ take-home pay (and potentially their pension pot) while also leaving more cash in your business. What is Salary Exchange? Salary Exchange (also referred to as Salary Sacrifice) is an agreement between the employee and the employer. The employee’s contract of employment is altered to...
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The Government has just announced that National Insurance contributions (NICs) will rise by 1.25% for both employees and employers from April 2022 to help fund the NHS and social care across the UK. Fortunately, there are ways to reduce the impact. Main changes National Insurance contribution amounts will be raised by 1.25% for both employee...
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We are delighted to share Husky’s partnership with Vested to provide them with our workplace pension admin and compliance solution and services.  Vested, the workplace employee benefits consultancy of Embark Group, announced the partnership in a press release on the 21st of July. You can find it here. Since its introduction in 2012, the UK’s...
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What employers need to know about Auto-Enrolment fines
Auto-Enrolment for workplace pensions  For those that are setting up a workplace pension for employees, managing a workplace pension, or making general amendments to the scheme for their workforce, it can be a very confusing process. Fulfilling Automatic Enrolment criteria can be a drain on staff resources, but that’s where we are here to help. ...
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workers missing pensions
According to the auto-enrolment (AE) legislation, eligible employees have to be enrolled in a workplace pension scheme. However, according to research published by The Resolution Foundation, 3% of those employees have fallen through the cracks… not because they’ve opted out, but because they’re not enrolled the way they should be. 3% sounds like a small...
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