by Pi Accountancy | Mar 16, 2023 | Business, Director, HMRC, PAYE, Payroll, Taxes
The Payroll Year will End on the 5th of April 2023 This year’s Payroll Year will end on the 5h of April 2023 and we’re here to help you get prepared for the next Payroll Year, with the dates you need to be aware of and tips to help you get ready. The Dates...
by Pi Accountancy | Mar 15, 2023 | Business, Payroll
The Minimum Wage rates increase from the 1st of April 2023 All employers should be aware that all minimum wage rates increase on the 1st of April of each year. This includes all National Minimum Wage rates and the National Living Wage rate. Below you will find the...
by Pi Accountancy | Mar 10, 2023 | Payroll, QuickBooks, VAT
Why do we only work with QuickBooks and Xero? Our Accounting Software Partners We have teamed up QuickBooks and Xero – both leading software partners in the accounting world – to enable us to keep track of your accounting records, sales invoices, purchase...
by Pi Accountancy | Jan 12, 2022 | COVID-19, PAYE, Payroll
To help employers affected by the spread of the Omicron variant of COVID-19, the Statutory Sick Pay (SSP) rebate scheme for small employers is being reintroduced. In addition, the period for which an employee can self-certify a sickness absence is increased...
by Pi Accountancy | Oct 26, 2021 | National Insurance
On 8 September 2021, the Prime Minister outlined the Government’s plans for health and social care, including a new funding strategy designed to meet social care costs. A new tax, the Health and Social Care Levy, is to be introduced from 2023. However, as a temporary...
by Pi Accountancy | Oct 1, 2021 | COVID-19, HMRC, PAYE, Payroll, Taxes
The Coronavirus Job Retention Scheme (CJRS) came to an end on 30 September 2021. The scheme has provided financial help to employers and employees during the COVID-19 pandemic, allowing employers to claim grants with which to pay furloughed and flexibly furloughed...
by Pi Accountancy | Sep 15, 2021 | COVID-19, Director, HMRC, Job Support Scheme, PAYE, Payroll, Taxes
The recent ‘pingdemic’ has resulted in large numbers of employees self-isolating. Where an employee meets the qualifying conditions, you must pay them SSP while they are self-isolating. As qualifying periods of self-isolation count as a Coronavirus-absence, if you are...
by Pi Accountancy | Sep 8, 2021 | Payroll
National Payroll Week is about helping raise awareness of the importance of your payroll, for your employees, to your own business, and the economy. We would like to celebrate our payroll professionals and all the challenges they have had to face throughout the last...
by Pi Accountancy | Jun 29, 2021 | Business, COVID-19, Job Support Scheme
Furlough Redundancy Although the furlough system was designed to keep workers employed, unfortunately it doesn’t protect furloughed staff from being made redundant. But it doesn’t affect their redundancy pay rights if they are let go from their job amid...
by Pi Accountancy | May 22, 2021 | Business, HMRC, PAYE, Self-Assessment, Taxes, VAT
Business records if you’re self-employed You must keep your records for at least 5 years after the 31 January submission deadline of the relevant tax year. HM Revenue and Customs (HMRC) may check your records to make sure you’re paying the right amount of tax....
by Pi Accountancy | May 21, 2021 | Business, Director, HMRC, Taxes
If you run your business as a personal or family company, you will need to decide how best to extract profits for your personal use. A typical tax-efficient strategy is to pay yourself a small salary and then extract any further profits as dividends. Where this...
by Pi Accountancy | Apr 7, 2021 | Business, COVID-19, HMRC, PAYE, Self-Assessment, Self-Employed, Taxes
Checking your tax code – 2021/2022 If you pay all or some of your income tax via PAYE, it’s important to check that you are on the correct Tax Code (CT). As we start the new 2021/2022 tax year, HMRC will be sending out your individual coding notices (usually via...
