by Pi Accountancy | Jun 23, 2026 | Advisory and Resources, Corporation Tax, Director, Taxes
Section 455 is a type of Corporation Tax. It applies when a director or shareholder borrows money from a company and does not repay it on time. As the name implies, the rule comes from Section 455 of the Corporation Tax Act 2010. In practice, when you take a loan from...
by Pi Accountancy | Jun 19, 2026 | Advisory and Resources, Business, HMRC, Payroll and Employment, Regulations and Schemes
Subsistence is the cost of meals and necessary expenses during business travel. These costs must arise because an employee works away from their normal place of work. In other words, the expense must links directly to a qualifying business journey. For instance,...
by Pi Accountancy | Jun 15, 2026 | Advisory and Resources, Allowances, Frequently Asked Questions, Payroll and Employment, Taxes
Everyone who earns money pays Income Tax. However, you do not pay tax on all your income. The Personal Allowance lets you earn a set amount each year without paying tax. For the 2026/27 tax year, the standard Personal Allowance is £12,570. This means you can earn up...
by Pi Accountancy | Jun 15, 2026 | Advisory and Resources, PAYE, Payroll and Employment, Regulations and Schemes, Self-Employment and SMEs
PAYE stands for Pay As You Earn. It is the system HMRC uses to collect Income Tax and National Insurance from wages. Employers deduct tax before paying employees. As a result, workers pay tax gradually throughout the year. PAYE first appeared in 1944 during the Second...
by Pi Accountancy | Jun 9, 2026 | Advisory and Resources, Frequently Asked Questions, Payroll and Employment, Taxes
A tax code tells your employer or pension provider how much Income Tax to deduct from your pay or pension. Each source of income has its own tax code, which HMRC creates and issues. Therefore, if you have more than job or pension, you will receive more than one tax...
by Pi Accountancy | May 28, 2026 | Advisory and Resources, Payroll and Employment, Regulations and Schemes
Statutory Sick Pay, or SSP, provides a basic level of income when illness or injury prevents an employee from working. UK law requires employers pay SSP to eligible employees. This support allows people to focus on recovery. It also helps workplaces reduce the spread...
by Pi Accountancy | May 21, 2026 | Advisory and Resources, Frequently Asked Questions, Payroll and Employment, Regulations and Schemes
A P11D reports Benefits In Kind and certain expenses provided to employees or directors during the tax year. HMRC treats many of these benefits as taxable income, so employers must report them carefully. The submitted information allows HMRC to calculate how much tax...
by Pi Accountancy | May 19, 2026 | Advisory and Resources, Payroll and Employment, Pension, Regulations and Schemes
Auto-Enrolment is a pension initiative that began in October 2012. It aims to help more people build savings for retirement. Previously, many workers needs to opt in to a pension scheme. As a result, many missed out. Now, eligible workers join automatically....
by Pi Accountancy | May 15, 2026 | Advisory and Resources, Payroll and Employment, Regulations and Schemes, Self-Employment and SMEs
IR35 is the common name for off-payroll working rules. The rules mainly target situations where a worker provides services through an intermediary. This intermediary often takes the form of a limited company. However, the legislation can also apply when services pass...
by Pi Accountancy | May 7, 2026 | Advisory and Resources, Director, Frequently Asked Questions, Payroll and Employment
Directors’ Remuneration is the total compensation a director receives for their work. This includes more than just a salary. A typical package may include: Salary or director’s fees Performance-based bonuses Pension contributions Share options or equity...
by Pi Accountancy | Apr 22, 2026 | Advisory and Resources, Frequently Asked Questions, Payroll and Employment
Remuneration refers to the total reward an employee receives for their work. It includes, salary, bonuses and a wide range of additional benefits. Simply, it represents the full value an employer offers in return for an employee’s time, skills and effort. What...
by Pi Accountancy | Apr 15, 2026 | Advisory and Resources, Payroll and Employment
Your payslip is more than just a record of your pay. It shows how your employer has calculated your pay, what deductions they have made, and how much you actually take home. Each payday, take a moment to review your payslip carefully. You should check your earnings,...
by Pi Accountancy | Mar 19, 2026 | Advisory and Resources, Payroll and Employment, Pension
Pensions offer valuable tax relief and help many people save for retirement. However, once you start taking taxable income from a pension, the rules can change. The Money Purchase Annual Allowance (MPAA) can significantly reduce how much you can continue saving into...
by Pi Accountancy | Mar 18, 2026 | Advisory and Resources, Payroll and Employment, Pension, Regulations and Schemes
The Tapered Annual Allowance affects many higher earners who save into pensions. It can significantly reduce how much you contribute while still receiving tax relief. What is the Annual Allowance? The Annual Allowance sets out the maximum amount that can be saved into...
by Pi Accountancy | Mar 17, 2026 | Advisory and Resources, Business, Director
The continued reduction in the Dividend Allowance has increased the tax burden for many directors and shareholders. At the same time, dividend tax rates will increase from April 2026. For this reason, you should consider how dividends interact with your other income...
by Pi Accountancy | Feb 4, 2026 | Advisory and Resources, Companies House, Director, Regulations and Schemes, Self-Employment and SMEs
Authorised Corporate Service Providers (ACSPs) will play an important role in how businesses continue to interact with Companies House. They will help confirm identities and protect the public register from misuse. Over time, most third-party agents will also need to...
by Pi Accountancy | Jan 7, 2026 | Companies House, Director, Regulations and Schemes
From 18 November 2025, Companies House introduced mandatory identity verification for company directors and People with Significant Control (PSCs). This forms part of the Economic Crime and Corporate Transparency Act (ECCTA) and aims to improve transparency while...
by Pi Accountancy | Dec 9, 2025 | Advisory and Resources, Payroll and Employment, Taxes, The Budget
If you run a business in the UK, you may already be familiar with the Apprenticeship Levy. This tax has funded apprenticeship training since 2017. However, following the November 2025 Autumn Budget, the government has confirmed that the new Growth and Skills Levy will...
by Pi Accountancy | Dec 3, 2025 | Advisory and Resources, Business, Payroll and Employment, The Budget
The Autumn Budget 2025 introduced a wide range of changes that aim to boost youth employment and support employers across the country. These apprenticeship reforms create clearer pathways for young people who want to start their careers. They also give businesses...
by Pi Accountancy | May 22, 2025 | National Insurance
Employers pay Employers’ National Insurance Contributions in addition to employees’ wages are a legal requirement for most businesses. When an employee earns over a certain threshold, the employer must pay Class 1 (Secondary) National Insurance on those...
by Pi Accountancy | May 20, 2025 | Payroll and Employment
Payroll Giving is one of the most flexible and tax-efficient ways to charity. It is simple to set up and easy to manage, while being highly rewarding for everyone involved. What is Payroll Giving? Payroll Giving is a straightforward way for employees to make regular...
by Pi Accountancy | May 15, 2025 | Payroll and Employment
If you have ever stared at your payslip and wondered what the strange mix of letters and/or numbers next to your name means, you’re not alone. That small detail is your payroll number. Payroll numbers help your employer manage salaries and taxes, while keeping...
by Pi Accountancy | May 14, 2025 | Payroll and Employment
From April 2027, you will need to tax most employee perks – known as Benefits In Kind – through payroll instead of annual forms. Payrolling Benefits In Kind involves adding the value of employee perks to payroll calculations. Instead, of reporting benefits once a...
by Pi Accountancy | May 13, 2025 | Payroll and Employment
Payroll doesn’t need to be complicated. With the right information, it becomes a smooth and manageable process. What is Payroll? Payroll is the system you use to pay your employees. It includes calculating wages, making deductions for tax and National Insurance,...
