Industry News

Essential Payroll offers a comprehensive range of specialist outsourced payroll services for accountants. Here are just some of the ways we can help your business.

The furlough scheme, otherwise known as the Coronavirus Job Retention Scheme, has been extended for a month because of the second lockdown.

Amidst the end of the current furlough scheme, which helped so many to stay employed over the last few months, a new scheme is on the horizon - the Job Support Scheme - to help employees who aren't required to work their full hours due to coronavirus.

Following the Chancellor’s announcement to parliament, a factsheet on the gov.uk website has been released to clarify the key points of the scheme.

The National Payroll Awareness Week is an annual celebration by the Chartered Institute of Payroll Professionals (CIPP) which celebrates the payroll industry in the UK - this year the event falls on the 7-11th September 2020 and has been endorsed and praised by the UK government for "keeping the UK paid". Read on to find out more about this prestigious event and what it means for us at Essential Payroll and all payroll professionals alike. 

The government has brought in new laws to ensure employees on furlough are given statutory redundancy pay based on their normal wage and not their reduced furlough pay. 

Managing your own payroll is a hassle your business cannot afford to get wrong. So, why not let our professional outsourced payroll service take the pressure off your hands and allow you to spend your time on other tasks? Read on to discover just 4 reasons why our friendly team is the South’s leading payroll bureau. 

SMEs without a dedicated payroll service can find themselves in trouble with both their employees and HMRC over inaccurate payroll processing. We take a look at four common sings that tell you it’s time to sort out the problem once and for all and hand over your payroll to the professionals. 

Coronavirus has impacted working life in unprecedented ways. Naturally, employers want guidance during these challenging times. In this blog post, we will answer the most common questions circulating in relation to pension auto-enrolment for furloughed staff including what is expected of employers during the Covid-19 pandemic.

As part of its response to the COVID-19 pandemic, the government announced the furlough scheme in order to reduce the number of people made redundant during lockdown. This job retention scheme allows all employers with employees on a PAYE scheme to designate them as ‘furloughed’ in the case that their business has been significantly impacted by the coronavirus. This scheme is scheduled to run until the 30th June 2020, however, this may be extended depending on the circumstances.

A recent study has revealed that the new generation of workers want to have more control over how they are paid, so much so that they will turn down job offers if this isn’t an option. 

The UK government has announced the launch of a review into off-payroll working rules in order to address concerns from businesses and affected individuals about how the rules will be implemented. 

Businesses are being warned about two new payroll email scams targeting busy employees during the festive season.

Most HR departments are looking for new and unique ways to increase employee engagement by creating positive experiences. While such gimmicks as free breakfast Fridays and fruit bowls are great ways to show your staff you care, many businesses are guilty of ignoring what is possibly the most important touch point between company and employee; payroll. 

The number of people in work across Britain has fallen by 58,000 in the three months to September, and wage growth has slowed - an indication that the country’s labour market is deteriorating. 

Despite reporting a record £1.65 billion in revenue last year, Facebook paid just £28.5 million in UK corporation tax. The social media giant reportedly made £96.6 million in profit in 2018, that’s up 54% and in spite of the Cambridge Analytica scandal. Their tax bill therefore rose to £30.4 but after adjustments, was lowered by £1.9 million.

According to recent research, more than 20% of people, that’s 1 in 5, have quit their jobs after receiving late and/or inaccurate payment. Roll this statistic out across the nation and that’s nearly 7 million employees.

Outsourcing payroll to a professional service can save you time, money and effort, leaving you and your staff free to focus on the value adding areas of your business in order to grow and enhance your brand. Read on for four reasons businesses from all industries choose to offload their payroll responsibilities.

The IR35 or off-payroll working rules were introduced in 2000 to ensure fairness between those who work like an employee, but through their own limited company, pays approximately the same Income Tax and National Insurance as other employees.

Payroll may not always be a business’s number one priority, but it is essential to get right, especially for temporary staff agencies who have a high volume of employees relying on them.

Every worker in the UK, who is between 22 years and the state pension age, earns above the yearly personal allowance and works in the UK will automatically be enrolled in a pension scheme by their employer, meaning that a percentage of their salary will be automatically deducted and added to the pension scheme.