payroll and paye Archives

The Benefits of Payroll Outsourcing for London Businesses

Leave a Comment / Accountants, blog, payroll and paye / Mubashir

Managing payroll is one of the most crucial yet complex responsibilities for any business. Whether a company operates with a handful of employees or commands a large workforce, the obligation to calculate wages accurately, process statutory deductions, handle reimbursements, and ensure timely payments remains indispensable. Payroll, however, is far from simple. One miscalculation can ripple […]

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What Is a Tax Gross Up for Payroll?

Leave a Comment / payroll and paye, Taxation / Mubashir

In the intricate world of payroll management, few concepts spark as much curiosity and, at times, confusion as the idea of a Tax Gross up. While payroll professionals encounter it routinely, many employees remain unaware of its practical implications. Understanding grossed up taxes is essential for both employers and employees to navigate compensation packages effectively,

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A Best Guide To Understand What Is Paye On Payslip

Accountants, accounting services, payroll and paye / Mubashir

There are many cuts that you can see on your payment, and “paye” is one of them. You came to the right place. If you are wondering what is PAYE on payslip, how is it calculated, and why it is extracted from your salary check. We need to know about Paye on our payslip in

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How To Update HMRC Payslip Tax Code | A Complete Guide

Accountants, HMRC, payroll and paye / Mubashir

Everything you need to know about the HMRC payslip tax code and why it can allow you to get cash back from HMRC is provided here. Have you ever checked out the tax code on your pay slip? This combination of letters and numbers is the key to knowing how much tax you’re paying on

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What is Back Pay on Payslip?

Accountants, payroll and paye / Mubashir

Late pay can occasionally be confusing to both employers and employees in the UK. Whether a late payment is the consequence of an oversight an error or the need to adjust a previous pay period it is important to understand what is back pay on payslip and how it affects you. Each element of late

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Can a Sole Trader Have Employees?

Leave a Comment / Business Growth Ideas, payroll and paye, Self-employment / Mubashir

Wondering can a sole trader have employees? The quick answer is yes. But it is not practised on common grounds. Being a sole trader, it is not necessary to work all alone. Of course, you can hire employees to expand your business. By employing people, you became an employer and there are legal obligations you

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Employer Payment Summary (EPS): When to Submit?

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If you are a UK-employer running PAYE for your payroll, you are bound to do certain tasks every month. Along with other tasks whilst paying your employees, you need to report their pay, and NI & tax deductions to HMRC in Full Payment Submission (FPS). After sending your FPS, send an Employer Payment Summary (EPS)

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What is PAYE and What Affects Deductions On my Payslip?

Leave a Comment / payroll and paye, Taxation, Uncategorized / Mubashir

Whether you’re getting your payslip for the first time or you have been getting it for years. It’s important to understand what is PAYE, how it is calculated, and what affects deductions on your payslip. There are different tax codes on your payslip that determine the tax you owe to HMRC. What those tax

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