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National Minimum Wage

National Minimum Wage

by | Mar 27, 2024 | National Minimum Wage, Payroll

As April 1, 2024 approaches, businesses across the UK are gearing up for changes in the National Minimum Wage (NMW) and National Living Wage (NLW). The government’s announcement of these adjustments underscores the ongoing commitment to ensuring fair wages for staff of all ages. At Quickpaye, we understand the significance of these changes and are here to support our clients in navigating and implementing them effectively.

Effective April 1, 2024, the following adjustments to the National Minimum Wage and National Living Wage will take effect:

National Living Wage (NLW) Increase for Ages 21 and Over:

  • There will be a notable £1.02 increase, equivalent to 9.8%, raising the NLW from £10.42 to £11.44 per hour.
  • National Minimum Wage (NMW) Increase for Ages 18-20:
  • Similarly, there will be a significant £1.11 increase, amounting to 14.8%, raising the NMW for individuals aged 18-20 from £7.49 to £8.60 per hour.

These changes signify a positive step towards creating a more inclusive and fair working environment for individuals of all ages. However, for employers, ensuring compliance with these new wage rates is essential to avoid penalties and maintain positive employee relations.

At Quickpaye, we understand the complexities involved in managing payroll and staying compliant with evolving wage regulations. Our comprehensive payroll solutions are designed to ensure accuracy and compliance every step of the way.

We can seamlessly integrate the new minimum wage rates into your payroll system, ensuring that your employees are paid accurately and in accordance with the latest regulations. Additionally, our team of payroll experts is available to help you understand the implications of these changes and implement necessary adjustments to your payroll processes.

By using Quickpaye, you can rest assured that your payroll needs are in capable hands. We are dedicated to helping you navigate the intricacies of minimum wage regulations with ease and confidence, allowing you to focus on what matters most — growing your business and supporting your employees.

With our expertise and commitment to exceptional service, we make compliance simple, ensuring that your payroll operations run smoothly and efficiently.

 

Accounts or Bookkeeping? Is the Clock ticking for your Submission? Let us help!

Accounts or Bookkeeping? Is the Clock ticking for your Submission? Let us help!

by | Oct 4, 2019 | Accounts, Book Keeping, MTD, Payroll, Uncategorized

Which word describes Quickpaye Agency best?
There are some people who like to refer to us as an Accounting agency or even as an Accountancy firm. The truth is that we are a Bookkeeping and Payroll agency. Yet we do a lot of work together with Accounting firms both locally and nationally too. But we are not just a Bookkeeping and Payroll Agency, we do so much more!

How we have helped our clients:

Here at Quickpaye we have helped many people in the past few months to take all the worry and headache out of their Accounts and bookkeeping. Potential clients have come to us in a mess hoping that we can sort them out and so we certainly have! We now have some very happy clients who are delighted that they can now just hand over their Accounting paperwork to us so that we can transform it all into a set of books, which will in turn be converted into a clean and tidy set of Accounts!

If you are currently struggling with your bookwork, or haven’t got a clue about MTD (Making Tax Digital) then please do not hesitate to give us a call.
Because we are the experts and can easily remove this problem from you! You will heave a sigh of relief and wonder why you haven’t done this before!
Call us today on 020 8959 0099, we are waiting to help you!

BE YOUR OWN BOSS

BE YOUR OWN BOSS

by | Jul 8, 2019 | Payroll

Small business owners/Directors, working by themselves or just employing one other person can find Payroll and accountancy costs, eye wateringly expensive – so Michelle at Quickpaye has created a Payroll plan for such a business.

The plan includes:

  • Payroll with NO MONTHLY CHANGES and NO pension for one or two people will be charged annually @ £300 for up to two people (If any pension there will be a small additional charge)

  • Straightforward personal tax returns @  £140

  • Small business bookkeeping packages start from £100 per month depending on volume. If extremely small business then quarterly bookkeeping can be an option. (with all bookkeeping Quickpaye need to assess first before pricing accurately)

If you would like to find out your annual costs please email Michelle Bourne michelle@quickpaye.co.uk