by Michelle Bourne | May 2, 2024 | Payroll, statutory maternity pay, statutory sick pay
At Quickpaye, we’re committed to keeping our clients informed about important changes that may impact their payroll operations. As we approach the new tax year, it’s crucial to be aware of updates to statutory payments, which can affect both employers and employees.
Here’s what you need to know about the recent changes:
Standard Rate Increase for Statutory Maternity, Paternity, Adoption, and Shared Parental Payments:
Effective from April 6th, 2024, the standard rate for Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP), Statutory Adoption Pay (SAP), and Statutory Shared Parental Pay (ShPP) has increased from £172.48 per week to £184.03 per week. This adjustment aims to provide greater support to employees during periods of leave related to childbirth, adoption, and childcare responsibilities.
What This Means for Employers:
- Employers should ensure that payroll systems are updated to reflect the new standard rate for statutory payments.
- When processing payroll for employees on maternity, paternity, adoption, or shared parental leave, employers should use the revised rate to calculate their entitlements accurately.
- It’s essential to communicate these changes to affected employees to avoid any confusion or discrepancies in their payments.
Statutory Sick Pay (SSP) Changes:
Additionally, Statutory Sick Pay (SSP) will see an increase from £109.40 per week to £116.75 per week, effective from April 6th, 2024. This adjustment aims to provide better support to employees who are unable to work due to illness or injury, ensuring that they receive adequate compensation during their absence from work.
If you are not yet working with us then this is how Quickpaye could help you:
At Quickpaye, we understand the importance of staying compliant with statutory payment regulations while ensuring accuracy and efficiency in payroll processing. Our comprehensive payroll solutions are designed to accommodate changes in statutory payments seamlessly, allowing employers to navigate these updates with ease.
- Our advanced payroll team automatically update statutory payment rates, ensuring that calculations are accurate and compliant with HMRC regulations.
- Our team of payroll experts is available to provide guidance and support, assisting you in understanding the implications of statutory payment changes.
- With Quickpaye by your side, you can rest assured that your payroll operations remain compliant, efficient, and hassle-free, allowing you to focus on running your business effectively.
As statutory payment rates increase, it’s essential for employers to stay informed and ensure compliance with updated regulations. With support from Quickpaye, clients can navigate these changes seamlessly, ensuring that their payroll operations remain accurate, compliant, and efficient. Stay tuned for more updates and guidance from Quickpaye as we continue to support your payroll needs.
by Michelle Bourne | Apr 27, 2024 | Book Keeping, Payroll
When considering what to write this blog about I wanted to show you the reader how easy it was to simplify your Payroll Process with Quickpaye Agency – ie Why You Should Choose Us?
In any type of business, efficiency and reliability are paramount, especially when it comes to payroll management. At Quickpaye, we understand the challenges that businesses face when it comes to handling payroll, which is why we offer a comprehensive solution designed to simplify and streamline the process.
Here are three reasons from our clients as to why they choose Quickpaye for their payroll needs:
Accessible and Responsive Support:
- One of the frustrations many businesses encounter with other payroll providers is the lack of accessibility and responsiveness when issues arise. At Quickpaye, there is always someone in our team available during office hours to answer your call and assist you with any queries you may have. Our commitment to providing exceptional customer service was recently highlighted when we received praise from a client who stated that we were the only payroll provider who promptly answered the phone. Accessibility to us when you need it, is critical to ensure that you receive the right support, minimising disruptions to your payroll operations and allowing you to focus on other aspects of your business.
Unparalleled Expertise:
- When it comes to payroll management, knowledge is power. That’s why our team at Quickpaye boasts a highly rated combined knowledge base that covers all aspects of payroll processing and compliance. From tax regulations to employee benefits, our team has the experience to provide you with accurate and insightful guidance. Whether you’re a small startup or a large corporation, you can trust that our team will navigate the complexities of payroll with ease, ensuring that your payroll processes are efficient, accurate, and compliant with all relevant regulations.
Friendly and Efficient Service:
- At Quickpaye, we believe that excellent customer service goes beyond just providing solutions—it’s about creating positive experiences for our clients. That’s why we pride ourselves on being friendly and helpful, with all queries answered within a short space of time. We understand that navigating payroll processes can be daunting, which is why we strive to create a supportive environment for our clients. Whether you have a simple question or need assistance with a complex payroll issue, our team provides you with prompt and efficient service, ensuring that your concerns are addressed with care and attention to detail.
By making Quickpaye your trusted partner for all your payroll needs, you will receive accessible and responsive support to our unparalleled expertise and friendly service.
by Michelle Bourne | 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.
by Michelle Bourne | 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!
by Michelle Bourne | 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:
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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)
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Straightforward personal tax returns @ £140
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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
