Mar 20 2024 National Living Wage changes from 1 April 2024 Categories: Payroll The National Living Wage (NLW) and the National Minimum Wage (NMW) are increasing from 1 April 2024. This is the largest ever monetary increase in the minimum wage in the 25 years since the introduction of the NMW, increasing by more than £1. In addition, workers aged 21 and over will also now be entitled more
Jan 31 2024 Tips to avoid costly mistakes within payroll Categories: Payroll We know that dealing with the payment of wages and salaries of staff is one of the most complex tasks of owning a business. However, without the right tools, training and resources, your payroll can be a littered with errors that can be more of an issue for your employees – and your organisation – more
Nov 21 2023 Changes to Statutory Paternity Leave from April 2024 Categories: EQ AccountingPayroll Legislation changes to Statutory Paternity Leave (SPL) and Pay (SPP) will take effect from 6 April 2024 allowing employed fathers more flexibility to decide how and when they take their leave. Following consultation in 2019, a new policy led by The Department for Business and Trade which covers Great Britain but not Northern Ireland, will more
May 16 2023 Making your children’s nursery more attractive to your staff Categories: HealthcarePayroll With children’s nursery providers struggling with rising costs, the added pressures on recruiting and retaining costs can be overwhelming. While the Scottish Government aims to review the impact of the disparity of ELC funding on the workforce, there are things providers can do internally to improve their cashflow. Actively holding on to your key staff more
Apr 6 2023 National Living Wage changes from 1 April 2023 Categories: EQ AccountingPayroll From 1 April 2023, the National Living Wage (NLW) increased by almost 10% to £10.42 for all those aged 23 and over. The National Minimum Wage (NMW), which applies to workers above school leaving age but under 23, and the apprentice rate also increased. The NLW and NMW rates will increase as follows: *Applies to people aged more
Oct 24 2022 NIC contribution rates reduced from 6 November 2022 Categories: EQ AccountingPayroll On 22 September 2022, the UK Government announced plans to cancel the Health and Social Care Levy (HSCL), meaning National Insurance contribution rates will reduce by 1.25% from 6 November 2022. As a result, you will need to ensure that your payroll software is updated to accurately reflect the reduced NIC contribution rates for any more
Oct 12 2022 Are you prepared for the introduction of the Tipping Bill? Categories: LeisurePayroll The UK Government is bringing in new laws to make the distribution of tips fairer, more transparent, and stop employers from withholding tips from their workers. The Employment (Allocation of Tips) Bill, known as the ‘Tipping Bill’, will require employers to pass on 100% of tips to workers. Cash tips are already protected by law, and more
Jun 7 2022 Ensure your payroll software is ready for upcoming National Insurance changes Categories: EQ AccountingPayroll On 23 March 2022, the UK Government announced that the National Insurance thresholds would be increased from 6 July 2022. As a result, you will need to ensure that your payroll software is updated to accurately reflect the increased NIC thresholds for any payments dated 6 July 2022 or later. This may happen automatically, or more