We all know that payroll management is an essential aspect of running a business, ensuring that employees are accurately paid as per their contractual agreement. However, it’s no secret...
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Here at Excel Payroll Solutions, we understand that managing payroll is a critical aspect of running a business. It requires time, expertise, and attention to detail. We’re finding many...
The Statutory Payment Rates for tax year 2023/2024 have been increased by 10.1%. Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP), Statutory Adoption Pay (SAP), Statutory Bereavement Pay (SPBP)...
1. Personal Allowance The income tax personal allowance of £12,570 will be frozen until 2028. This will mean that when employees earn more, they will pay more tax and...
Jeremy Hunt unveiled his Autumn Statement on 17th November 2022 in a plan to tackle cost-of-living crisis and to rebuild the economy. Both the National Minimum Wage and National...
Making Tax Digital (MTD) is the first phase of the move towards modernising the digital tax service for the 21st century. It is a crucial building block in the...