As a new tax year kicks off, make it your new (tax) year’s resolution to get your payroll system on top form. Further, it is important that you are are up to date with the changes in employer payroll taxes.
Not only are there important changes to payroll, there are optional allowances and provisions that could well benefit your business and employees.
The most basic change is the increase of the standard personal allowance to £10,600 as from 6th April 2015. Most of your staff will probably be on the tax code 1060L. … Continue Reading