National minimum wage: what’s changing in April?

28 Feb 20 | Payroll

In April 2020, the national living wage is set to increase by 6.2%, meaning any employers with staff on this rate will need to adjust their payroll systems accordingly and prepare to manage the extra cost. According to research from the Federation of Small Businesses,...

P11D forms: a guide for employers

21 Jan 20 | Business tax, Payroll

Employee benefits are an important consideration when it comes to attracting new staff, and reporting them accurately is equally if not more important for employers.  If you provide benefits to your staff, you may need to fill in a tax form called P11D. What is a P11D...

Understanding automatic re-enrolment

12 Dec 19 | Payroll

Since being introduced in October 2012, auto-enrolment has transformed the way most employees save for retirement. It’s brought workplace pension participation levels to record highs, passing the 10 million milestone in February 2019. If you employ staff who qualify...

Subcontractors: the benefits of gross payment status

14 Nov 17 | Payroll

Here on the Knight and Company blogroll, we provide information and advice on an array of different topics for both businesses and individuals. One of the most popular entries of 2016 was dedicated to gross payment status and how subcontractors can both obtain and...

Abolishing class 2 national insurance

29 Sep 17 | Payroll

From April 2018, class 2 national insurance contributions (NICs) will be abolished. Class 2 NICs are a flat-rate charge of £2.85 a week and are paid by self-employed individuals generating net profits above the small profits threshold – currently £6,025. Individuals...

The national minimum wage: new rates and legal responsibilities

08 May 17 | Payroll

  The national minimum wage: new rates and legal responsibilities The government’s phasing in of the new national living wage between 2016 and 2020 will substantially increase the wage bill faced by small businesses. Whatever the national minimum wage (NWM), as a...