KSK Accountants Milton Keynes – Chartered Accountants RSS Feed Blog Category: Payroll

Who’s taking control of your pension and payroll obligations?

Let’s start with pensions… Auto enrolment – what is it? By law, all employers with at least one member of staff must enrol those who are eligible into a workplace pension scheme and contribute towards it by a fixed “staging date” – this is called auto enrolment. But don&#… More

Employee disputes – the Early Conciliation process

An employment tribunal hearing can cost a business dear, in terms of time, legal fees, reputation (“there’s no smoke without fire”) and compensation. From 6 May 2014 the “Early Conciliation” process has become mandatory in employee disputes.  Some commentators have seen this as an extra b… More

Employers – If you only read one thing in the next year, let it be this!

OK, we know we keep banging on about “auto-enrolment”.  But the message here is really important. The story so far… Every employer must, by a fixed “staging date”, enrol all their eligible employees into a pension scheme which meets specified criteria. [Some companies which have only … More

Auto-enrolment – Meeting the Regulator

Tax Partner, Paul Whiteley and Tax Manager, Malcolm Bannister met this week with Charles Counsell, Executive Director for auto-enrolment at The Pensions Regulator.  The purpose of the meeting was to make sure Keens Shay Keens MK are on track with the advice we are giving to clients on auto-enrolmen… More

ALL employers, start NOW for auto-enrolment…

Auto-enrolment represents one of the most far-reaching changes for decades in the legal requirements on employers. The essential point of auto-enrolment is that all employers have to automatically enrol virtually all employees into a pension scheme which meets specified criteria.  Employees will ha… More

Employers – Do you have a dispensation from the requirement to complete forms P11D?

It’s coming up to the time to prepare Forms P11D Forms P11D are returns made to HM Revenue & Customs (HMRC), by employers, detailing the expenses and benefits paid or made available to each employee in the tax year.  Such expenses and benefits are then taxable against the employee in question… More

Childcare vouchers provided by employers

At a time when the abuse of children is sadly in the news on a daily basis, parents may feel increasingly concerned to make sure that their children are properly looked after at all times. There are a number of ways in which employers can provide help with childcare costs in a tax efficient manner.… More

Equipment for disabled employees

As a generality, anything supplied by an employer to an employee will be taxable, either through the PAYE system or as a benefit on Form P11D (Employer’s Return of expenses & benefits), and charged to National Insurance Contributions (either full employer’s and employee’s, or Class 1A empl… More

Are you ready to supply Real Time Information?

Real Time Information (RTI) represents a major change in the operation of payroll. Employers will be required to send full details of tax, and other deductions from employees’ pay, to HM Revenue & Customs (HMRC) when employees are paid rather than at the end of the tax year as at present. RTI … More

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