All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
If you’re a business owner and you have employees, you’ve probably thought about holiday entitlement and how it’s calculated.
In theory, working out holiday entitlement should be straightforward, but with factors such as zero hour contracts, overtime, casual hours and more, calculating holiday entitlement isn’t as easy as it used to be.
In April 2021, new IR35 regulations were put in place for “off-payroll” workers - contractors or self-employed workers employed by medium and large private sector companies - to ensure they pay similar tax and national insurance payments as regular full-time employees doing the same work. These rules were already in place for the public sector, but after several Covid-related delays the new rules for private sector companies went into effect in April 2021. So what is the problem?
Have you been tasked with researching the market for new solutions in HR, Payroll and/or Time Management? Does it feel like you’re scratching your head and wondering where to start?
Here are the questions you need to be asking.
Effective payroll management is vital for the financial security and reputation of a business. When companies don’t have strong payroll management and processes, they risk fines, penalties, data leaks and damage to company morale and trust.
Need help to understand what solution is best for your business?
Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.