All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
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.
Everyone makes mistakes – we’re all human. When it comes to payroll, making a mistake can impact the business bottom line. Payroll errors have implications for employees, HMRC compliance, and if not identified in a timely manner, could cost your business thousands.
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.
The last 2 years have been extremely challenging for payroll and HR teams. Offices closed, employees working from home, new technology requirements, and companies trying to keep operations running. As the dust settles and companies decide to return to the office or continue remote work options, it’s a good opportunity to simplify processes and identify solutions to everyday challenges.
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.