Mar 17 2022 National Living Wage to rise from 1 April 2022 Categories: EQ AccountingPayroll From 1 April 2022, the National Living Wage (NLW) will increase by more than 50p an hour to £9.50 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 will also increase. The NLW and NMW rates will increase as more
Sep 29 2021 The Coronavirus Job Retention Scheme and Coronavirus Statutory Sick Pay Rebate Scheme comes to an end Categories: COVID-19EQ AccountingPayroll The Coronavirus Job Retention Scheme (CJRS) comes to an end on 30 September 2021, after running for almost 18 months. For your September payroll, you can claim up to 60%, capped at £1,875 for furloughed hours and must contribute the remaining 20% yourself (up to a maximum of £625). You must also make employer National more
Jul 6 2021 Employer contribution changes to the CJRS Categories: COVID-19EQ AccountingPayroll The Coronavirus Job Retention Scheme (CJRS) was extended until 30 September 2021, with employers asked to contribute towards the cost of their furloughed employees’ wages from July onwards. As a reminder, we’ve highlighted the changes in the table below: *If the employee is furloughed for 100% of their working hours. The timetable will change if, for more
Mar 29 2021 Payroll Year End 2021 Categories: EQ AccountingPayroll With April fast approaching, it’s time to familiarise yourself with Year End filing procedures and deadlines. There are a number of things you need to do for a successful payroll year end but key to this is submitting your final payroll of the 2020/21 tax year to HMRC by 19 April 2021. Here are some of the more
Feb 24 2021 Minimum Wage increases from April 2021 Categories: EQ AccountingPayroll The government has announced increased minimum wage rates that will take effect from 1 April 2021. The National Living Wage (NLW) will increase by 2.2% from £8.72 to £8.91 and will be extended to 23 and 24 year olds for the first time. For workers aged under 23, Commissioners recommended smaller increases in recognition of more
Jan 5 2021 Coronavirus Job Retention Scheme – Deadline Dates Categories: COVID-19EQ AccountingPayroll It was announced on 17 December that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of April 2021. The criteria will remain unchanged, following the same guidelines that are currently in place with the government continuing to pay 80% of unworked hours for furloughed employees, up to £2,500 per month. If you intend to use the more
Nov 2 2020 Coronavirus Job Retention Scheme extended until December Categories: COVID-19EQ AccountingPayroll Update: Since this article was published the Chancellor, Rishi Sunak, announced a further extension to the CJRS until 31 March 2021. You can read more here. The Government announced late on Saturday 31 October 2020 that the Coronavirus Job Retention Scheme (CJRS) will be extended until December. The CJRS extension will be open to employers across the more
Sep 8 2020 Celebrating our Payroll team during National Payroll Week Categories: EQ AccountingPayroll With many businesses finding it difficult to keep on top of the frequent, complicated changes to legislation and how payroll is processed, especially in recent months, it can be reassuring to have a reliable payroll team who understand the nuances of your business and are able to provide an accurate, efficient and cost saving payroll more