Millennials are a growing and influential section in today’s workforce. Defined as people born between 1981 and 1996, this group of high-earning 20 to 30 somethings are tech-savvy, socially conscious, ambitious but with a notoriously short attention span. Attracting, motivating and keeping such employees can be a challenge and companies are increasingly looking to innovate with their benefits package to attract and keep these demanding employees.
The taxman has more than doubled the number of IR35 investigations in the past 12 months and increased the yield from IR35 cases (Personal Service Companies) by five times in a clear sign that HM Revenue and Customs intends to get tougher with freelancers and IR35.
More and more UK based companies are outsourcing part of their payroll process to call centres overseas in an effort to reduce costs. We've come across centres in countries including India, Pakistan, Mauritius and Nepal! This can be extremely frustrating when you have a genuine issue that needs to be resolved.
Call me simple but I was always taught that there are 52 weeks in a year.
Well that isn't technically true in the world of payroll. Did you know that a payroll year can have 52, 53, 54 or 56 weeks.
This normally happens when payday falls on the 5th April but as 2011/12 is a leap year if your pay date falls on the 4th or 5th April it may affect you. The impact is that you have an extra pay day falling within the tax year.
With the payroll year end now almost upon us Dataplan have already made a start on the whole year end process for our customers.
Over the next 3 or 4 weeks Dataplan customers will receive our year end pack with contains all the step by step instructions on what to do next with your P35.
Recruitment agency Reed could be liable for a tax bill of more than £150 million after it lost a tribunal appeal over a salary sacrifice scheme for its temporary workers.
People Management reports:
The case concerned travel and subsistence payments Reed made to 500,000 agency staff between 2001 and 2006, through a salary sacrifice scheme that the tribunal ruled was not valid. HM Revenue & Customs is now pursuing £158 million in unpaid taxes and interest - although Reed disputes this figure and is planning to appeal the decision.
Hurrah, this is a nice idea from the government and we hope they can achieve it.
Launched in April members of the public, businesses and community organisations are being invited to give a real boost to growth and personal freedoms by ripping up some of the 21,000 rules that are getting in their way.