All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
IR35 is continuing to cause concerns for employers and contractors. The government recently confirmed that after an extensive employment status consultation launched in 2018, they will not align tax status and employment rights. This means that contractors working within the IR35 rules will work as “zero-rights” employees. They are paying tax as employees, but receive no holiday pay, sick leave, or paid maternity leave.
Human Resources management is very complex – from the daily operations to appraisals, onboarding, and training, your team is constantly looking for ways to improve the employee experience. Reviewing processes and identifying ways to streamline can help your team reduce time spent on HR admin tasks and increase efficiencies. Here are a few HR improvements your team should make this year:
PayEscape has signed an agreement with Emburse, a global leader in spend management solutions, to offer its Emburse Certify Expense solution to all PayEscape customers. Emburse Certify Expense simplifies the entire expense claim process by automatically creating reports for employees, streamlining manager approvals and making reimbursement and reporting easy.
Payroll compliance is not always top-of-mind when teams are busy managing day to day operations. Taking time to identify challenges and make improvements seems like a tedious task but evaluating your payroll and compliance processes can discover potential issues and reduce the opportunity for problems or penalties down the line. Up to 30% of small businesses are fined each year for payroll errors and lack of a cohesive compliance process. Here is a quick checklist to keep your payroll process on track:
While payroll and HR teams are busy managing company operations, it can be challenging to stop and take time to audit processes and look for improvements. Sometimes the largest functions like payroll and HR admin are using outdated tools that are not as efficient as they could be or using redundant processes that could be wasting resources. A quick audit of your payroll and HR systems can help identify gaps in technology, duplicate functions across teams, and other ways to improve operations.
Every business must legally store HR and payroll records for a certain period of time, otherwise they risk fines from HM Revenue and Customs (HMRC).
It’s important that HR and payroll records are accurate, up to date and feature all the required information. Without full records, HMRC may give a penalty of up to £3,000.
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Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.