Blog
Payroll accuracy challenges for small businesses and how payroll software helps
Running a small business is never straightforward. There are sales to chase, customers to please and countless administrative tasks to manage. Payroll is one of the trickiest areas and it’s one that can quickly spiral into errors if you’re not careful. Even a simple mistake can lead to compliance issues, unhappy employees or fines from HMRC. So why do so many small businesses struggle with payroll accuracy and what can you do to fix it?
How to make FCA RegData reporting quick and simple
For many IFAs, FCA RegData reporting is one of those jobs that always feels bigger than it should. It’s detailed, time-consuming and often left until the last minute simply because fitting it around client work is difficult. The good news? RegData reporting doesn’t have to take days of preparation or involve juggling spreadsheets, bookkeeping systems and forms. With the right approach and tools, it can be quick, straightforward and far less stressful.
Cloud accounting vs desktop software: what businesses really gain
For many businesses, desktop accounting software has been the backbone of their finances for years. It’s familiar, it works and changing it can feel like an unnecessary risk. But as businesses become more flexible and teams work in different ways, the limits of desktop systems are becoming harder to ignore. That’s why more organisations are now considering cloud accounting, not as a trend, but as a practical step forward.
Switching Payroll Providers Mid-Year? No Sweat!
Let’s be real - payroll is all about keeping things smooth and efficient. And if you’ve ever thought about switching payroll providers, you’ve probably heard the same old advice: "Wait until the new tax year in April!" But here’s the thing—that advice might be more myth than must-do. Sure, April gives you a "clean slate" with fresh year-to-date figures, but is it really the best time to make the switch? Let’s break it down.
Free Yourself from Fees: Why Small Businesses Should Take Control of Payroll with MyPAYE
As a small business owner, you wear many hats. Marketing, sales, operations, the buck stops with you. But payroll?
Update to Scottish Income Tax Rates for 2024-25
The key income tax changes taking force from 6 April 2024 in Scotland were announced by the SNP’s Finance Secretary, Shona Robison, as she released a new plan for Scottish income tax rates which will impact payroll operations. The Scottish Government also announced a newly introduced 45 per cent income tax band for people earning between £75,000 and £125,140 per year.
Changes and updates to Tax and National Insurance Rates coming into effect on 6th January 2024.
Within the statement released by the Chancellor of the Exchequer, was a rundown of changes being implemented in how National Insurance is paid, which means there are some key points to note which can help avoid costly payroll mistakes after the new year.