So it’s that time of year when everyone is trying to feel merry ready for Christmas!
We have sent out some gifts and cards and have received back some lovely messages showing appreciation for our services!
Thank you, and your merry team, for all of your hard work – you really do help to take some of the strain off us ?
We would like to thank all your staff for the continuing excellent service we enjoy from Quickpaye. Your efficiency and extremely swift responses to any queries is acknowledged and highly appreciated.
Thank you for your appreciation and our work as a team.
It is so nice to have such kind words for all our hard work!
So contact us if you would like the strain taken off you!
HAPPY CHRISTMAS AND NEW YEAR TO ALL!
So the Chancellor has raised the Higher Rate income tax personal allowance threshold from £45K to £46,350 from April 2018, and the Lower Rate Threshold will increase by £350 to £11,850.
This means that the new tax codes will increase from 1150L to 1185L in April 2018.
For a typical worker who pays tax in 2018-9, this will be a £1075 reduction in their tax paid, and a Full time Worker who is on the National Living Wage will take home more than £3,800 extra in their wage packet.
But is this good news for the typical worker? Well, the increase in personal allowance may be less generous than you think, since at just over 3%, it was only just in line with inflation!
Given that National Insurance is payable at a rate which is more than £3K below that of income tax, the lowest paid taxpayers may query whether the increase in personal allowance is the right way to support them?
Let me know your thoughts!
New Proposed Laws could give employed parents who lose a child under the age of 18 the right to two weeks’ paid leave which will also be reclaimable by the company.
The Parental Bereavement (Pay and Leave) Bill will give a day-one right to parental bereavement leave and employees with a minimum of 26 weeks’ continuous service will be eligible for statutory parental bereavement pay.
At the moment, there is no legal requirement for employers to provide paid time off for grieving parents, which seems very unfair.
The new law would give parents two weeks’ paid leave and enable businesses to claim back statutory parental bereavement pay.
‘We want parents to feel properly supported by their employer when they go through the deeply distressing ordeal of losing a child,’ said Margot James, Business Minister.
The government is backing this bill since they want parents to be supported by their employer when having to go through this trauma, and therefore it goes significantly further than most other countries in providing this kind of workplace right for employees.
Small employers will be able to recover all statutory parental bereavement pay, while larger employers will be able to reclaim nearly all of it.
The Bill will have its second reading on 20 October, with the ambition of it becoming law in 2020.
The cost of childcare eats up a large part of your budget so have you checked to see if you are getting what you are entitled to from the government?
All three and four year olds are entitled to 570 hours of free early education or childcare per annum, which most people take as 15 hours each week over 38 weeks.
You can use these free hours at Ofsted registered childcare providers like the following:
An additional 15 hours of free childcare for three and four year olds is also now available nationally from this month.
Those eligible will get a total of 30 hours for 38 weeks a year.
To be eligible for the additional 15 hours of free childcare:
- The child needs to be 3 or 4 years of age when the local scheme begins.
- Both parents must be working – or the sole parent must be working in a single parent family.
- Each parent must earn on average at least the equivalent of 16 hours a week at the National Minimum Wage or National Living Wage.
- Each parent must earn less than £100,000 per annum
- If you want to find out what free early education and childcare is available in your area, then look on the UK website.
Most people can calcualate Holiday pay for Full Time staff, but many of our clients get in a pickle when faced with Part Timers.
Here at Quickpaye we can simplify all of this for you!
Full time staff are entitled to 5.6 weeks every year, which can be built up over each month. It equates to 28 days per year, and on a monthly basis this is 2.33 days per month.
For Part time staff, the easiest way to calculate their holiday is on a monthly basis, using the calculation of 12.07% of their hours worked per month, or for that period.
Tracey worked 45 hours this month, therefore 45 x 12.07% will give her 5.43 hours hols pay.
So if you have a problem with calculating this, give us a call, Quickpaye can take that headache away, and allow you to have a great SUMMER BREAK!