carrying out payroll what you need to know now
play

Carrying out payroll; what you need to know now Karen Thomson FCIPP - PowerPoint PPT Presentation

Aug 20, 2023 •330 likes •663 views

Carrying out payroll; what you need to know now Karen Thomson FCIPP MSc Real Time Information Progress so far Key points you need to know RTI and new starters In date P45 received Employer selects starter statement Old

  2. Carrying out payroll; what you need to know now Karen Thomson FCIPP MSc

  3. Real Time Information • Progress so far • Key points you need to know

  4. RTI and new starters • In date P45 received – Employer selects starter statement • Old P45 received – Must obtain full starter declaration • No P45 received – Must obtain full starter declaration

  5. RTI and adjustments • I notice a mistake and the FPS has gone • The employee left but I didn’t know about it and the FPS has gone • New PAYE scheme but no reference received • No National Insurance Number known

  6. RTI and adjustments • What and when do I use Earlier Year Updates? • Adjustments of tax; in-year or end of year? • Excess CIS deductions; can I have a refund? • What date of leaving should be shown? • I don’t have payroll software?

  7. RTI and leavers • How do I tell HMRC? • Do I still issue a P45? • What if I put the wrong leaving date on the FPS? • Hire, resign and re-hire process?

  8. RTI easements • Payments must be reported on or before pay day, however there are some exceptions: – Ad-hoc payments made outside of the regular payroll? – Casual employees working less than 1 week and under LEL

  9. Small employer easements • On or before – Pay weekly monthly? – October deadline

  10. Childcare vouchers • Income Tax rate reduced to 45% 6 April 2013 – Additional rate for CCVs increased from £22pw to £25pw • New Scheme announced – October 2015 – Is this the end of salary sacrifice?

  11. Beneficial loans • Budget 2013 announced limit to rise from £5,000pa to £10,000pa

  12. Employment Allowance • Employer National Insurance reduction of £2,000pa – Offset from NI liability – Reported through real time information returns

  13. Student Loans

  14. HMRC news • P38(S) scrapped • P38A scrapped • iP11D available • Payrolling benefits; online notification • No return of P11DB online notification • Percentage Threshold Scheme to go

  15. Direct Earnings Attachments • 8 April 2013 – Overpayment of benefits – Implications for software

  16. Direct Earnings Attachments • How will they work? – Similar to DEOs – 60% Protected Earnings – Table for amounts – Priority but after all other priority; sort of – Payslip must record deductions – Schedule required – Continue until told to stop

  17. Direct Earnings Attachments • Manual calculation likely – What if orders already in system? – Each pay day assessment will be needed – Software??????

  18. Shared parental leave Government Proposals • Dads can attend 2 antenatal appointments • Maternity leave and pay remains at 52 weeks and 39 weeks • Additional Paternity Leave to be abolished • Shared leave and pay possible

  19. Shared parental leave Government Proposals o Abolition of 26 weeks for Adoption leave o Statutory Adoption pay will mirror SMP o Surrogacy rules change

  20. Shared parental leave • Shared leave – devil is in the detail…. o Parents could both take leave at the same time o Leave could be broken up into two or more periods o No absolute right to flexibility o Default position in case of disagreement is one continuous leave period o Self - certification

  21. Upaid parental leave • 8 March 2013 – extends from 13 weeks to 18 weeks – For parents of children - up to 5 th birthday – For parents of each adopted child - up to their 18 th birthday or the 5 th anniversary of adoption (whichever happens first). – For parents of children who qualify for Disability Living Allowance, 18 weeks up to their 18 th birthday.

  22. Automatic enrolment What more major changes in addition to RTI? It’s going to cost me how much? What do I need to do?

  23. Employers • Know their staging date • Decide on a scheme • Assess the workforce • Monitor employee eligibility • Process opt outs and opt ins • Re-enrol

  24. Research tells us Employers • Staging date readiness • Workforce assessment • Qualifying schemes • Opt in / Opt out process

  25. Research tells us Employers • Financial impact • Postponement • Project team • Discussions with software provider

  26. Research tells us Software providers • Awareness • Discussions with customers • Triggers • Tools • Charges

  27. Research tells us Payroll service providers/agents • Awareness • Software • Clients

  28. Research tells us Pension providers • Service offerings • Service Level Agreements • Communicating with clients

  29. Key findings • Complexity • The Pensions Regulator • Administrative Burdens

  30. But what of the future……. Automatic enrolment Digital by default technical amendments Payrolling of benefits? Payroll Giving Regulation 72

  33. Any questions?

Recommend

Payroll Processing and HR Administration Payroll and HR Services - 1 Payroll Processing and HR

Payroll Processing and HR Administration Payroll and HR Services - 1 Payroll Processing and HR

Corporate Establishment, Tax, Accounting & Payroll Troughout Asia Payroll Processing and HR Administration Payroll and HR Services - 1 Payroll Processing and HR Administration D ezan Shira & Associates Ltd. proudly provides payroll and

541 views • 11 slides
Payroll

Payroll

Payroll Software Submissions impacted ODB Payroll 1 EUROPAYX 1 Quantum Software 1 Sage Business Cloud Payroll 1 Payback Payroll

799 views • 40 slides
Bookkeeping) Now)and)the)Future) Single'Touch'Payroll' S) Payroll' S) Payroll)

Bookkeeping) Now)and)the)Future) Single'Touch'Payroll' S) Payroll' S) Payroll)

Bookkeeping) Now)and)the)Future) Single'Touch'Payroll' S) Payroll' S) Payroll) We$(ICB)$completely$support$the$development$ of$so9ware$integra>on$with$some$Government$ services$that$assist$employers$to$manage$their$

634 views • 30 slides
All you need to know about Hong Kong payroll Agenda: 1. Payroll 2. Social Security 3. Tax

All you need to know about Hong Kong payroll Agenda: 1. Payroll 2. Social Security 3. Tax

All you need to know about Hong Kong payroll Agenda: 1. Payroll 2. Social Security 3. Tax Payroll Payroll Tax year runs 01 st April to 31 st March. National Tax levied at rates between 2% an 17% and there is no tax-free threshold

847 views • 83 slides
STUDENT PAYROLL Prepared by Business Services Types of Student Payroll Regular Payroll

STUDENT PAYROLL Prepared by Business Services Types of Student Payroll Regular Payroll

STUDENT PAYROLL Prepared by Business Services Types of Student Payroll Regular Payroll Funded by hiring department Work Study Payroll Awarded by Financial Aid Office based on need Graduate Assistant Payroll Funded by hiring

640 views • 18 slides
10-16-2018 CARRYING CAPACITY Carrying capacity is defined as the number of individuals who

10-16-2018 CARRYING CAPACITY Carrying capacity is defined as the number of individuals who

Jekyll Island Carrying Capacity & Infrastructure Assessment 10-16-2018 CARRYING CAPACITY Carrying capacity is defined as the number of individuals who can be supported within a given area without degrading the natural, social,

698 views • 23 slides
Online Payroll Services PAYROLL Controlled Transmit your payroll direct deposit

Online Payroll Services PAYROLL Controlled Transmit your payroll direct deposit

Online Payroll Services PAYROLL Controlled Transmit your payroll direct deposit Authorization Direct Deposit Payroll process electronic file Direct Deposit Employee Exempt and nonexempt Printed or online compensation pay

1.05k views • 39 slides
HPS Payroll Presentation Heartland Payroll Services Full service national payroll provider

HPS Payroll Presentation Heartland Payroll Services Full service national payroll provider

HPS Payroll Presentation Heartland Payroll Services Full service national payroll provider servicing small business from Hawaii to Maine. Full Service These are but a few of the examples of Full Service - Gross-to-net employee payroll

216 views • 11 slides
AN INTRODUCTION TO THE PAYROLL TAX July 31, 2019 W HAT IS A P AYROLL T AX ? What is a Payroll

AN INTRODUCTION TO THE PAYROLL TAX July 31, 2019 W HAT IS A P AYROLL T AX ? What is a Payroll

AN INTRODUCTION TO THE PAYROLL TAX July 31, 2019 W HAT IS A P AYROLL T AX ? What is a Payroll Tax? Payroll taxes are taxes paid by employers based on the wages paid to employees. Some payroll taxes (but not the one in this proposal)

396 views • 36 slides
Payroll Paperwork This process for completing the payroll paperwork is to ensure the correct

Payroll Paperwork This process for completing the payroll paperwork is to ensure the correct

Payroll Paperwork This process for completing the payroll paperwork is to ensure the correct information is provided to Payroll Services for accurate and timely payments to State employees. California State University, Fresno Office of

228 views • 18 slides
CERTIFIED PAYROLL CERTIFIED PAYROLL Introductions Introductions WORKSHOP WORKSHOP

CERTIFIED PAYROLL CERTIFIED PAYROLL Introductions Introductions WORKSHOP WORKSHOP

Certified Payroll Workshop District 2 April 2, 2012 CERTIFIED PAYROLL CERTIFIED PAYROLL Introductions Introductions WORKSHOP WORKSHOP Presenters: Hosted by Vinu Patel M Squared Engineering, LLC Minal Hahm, PE, CFM on behalf

346 views • 9 slides
PAYROLL AND BENEFITS Payroll Types of pay and pay dates Understanding Your Paycheck

PAYROLL AND BENEFITS Payroll Types of pay and pay dates Understanding Your Paycheck

Larkspur-Corte Madera School District PAYROLL AND BENEFITS Payroll Types of pay and pay dates Understanding Your Paycheck Deferred Pay (Summer Pay Checks) STRS Taxes, Disability, Voluntary Deductions (vol-deds) and other

610 views • 22 slides
Student Employment/Payroll Informational Session Student Employment Payroll Cindy Garrison

Student Employment/Payroll Informational Session Student Employment Payroll Cindy Garrison

Student Employment/Payroll Informational Session Student Employment Payroll Cindy Garrison Ellen Lowe Kimberly Duby January 2019 Agenda Payroll Reminders Work Study Information JobX Enhancements Questions??? Student

509 views • 25 slides
PayCard and Payroll Best Practices Smartphones, Tablets and Watches in Payroll Presenter: Dallas

PayCard and Payroll Best Practices Smartphones, Tablets and Watches in Payroll Presenter: Dallas

PayCard and Payroll Best Practices Smartphones, Tablets and Watches in Payroll Presenter: Dallas Wilfong Agenda PayCards today Millennials in the work force? Apps in Payroll Recent paycard regulation changes Speaker Dallas

658 views • 47 slides
Student Employment/Payroll Informational Session Student Employment Payroll Kim Duby Jess

Student Employment/Payroll Informational Session Student Employment Payroll Kim Duby Jess

Student Employment/Payroll Informational Session Student Employment Payroll Kim Duby Jess Dempsey Cindy Garrison Ellen Lowe Jennifer Person November 3, 2017 Agenda Student Payroll Activity Student Hiring Process Student

1.04k views • 39 slides
( ( ANNUAL ELIGIBLE 2.5 Sole Proprietor Tax records x PAYROLL COSTS Independent Contractor

( ( ANNUAL ELIGIBLE 2.5 Sole Proprietor Tax records x PAYROLL COSTS Independent Contractor

Payroll Protection Program I. PREPARE II. APPLY III. COMPLY 1 2 3 Confjrm Gather Calculate Eligibility Materials Loan Need Small Business Monthly payroll ( ( ANNUAL ELIGIBLE 2.5 Sole Proprietor Tax records x PAYROLL COSTS

300 views • 3 slides
All you need to know about Belgian payroll Presented by Kathy Soulsby Agenda: 1. Running a

All you need to know about Belgian payroll Presented by Kathy Soulsby Agenda: 1. Running a

All you need to know about Belgian payroll Presented by Kathy Soulsby Agenda: 1. Running a payroll 2. Rights and Responsibilities 3. Absences What is required to run a payroll What is required of a company in order to run a payroll The

706 views • 41 slides
Single Touch Payroll Tax professional presentation What you need to know right now Single Touch

Single Touch Payroll Tax professional presentation What you need to know right now Single Touch

Single Touch Payroll Tax professional presentation What you need to know right now Single Touch Payroll is coming from 1 July 2018. If you report payroll and super information to the Australian Taxation Office (ATO) on behalf of clients with

398 views • 8 slides
New Teacher Orientation PAYROLL DEPARTMENT 2013 -2014 School Year Notes from the Payroll

New Teacher Orientation PAYROLL DEPARTMENT 2013 -2014 School Year Notes from the Payroll

New Teacher Orientation PAYROLL DEPARTMENT 2013 -2014 School Year Notes from the Payroll Department Payroll Staff TimeClock Plus Extra Duty Supplemental Pay Leave Direct Deposit W-4 2013 2014 Pay Schedule

757 views • 28 slides
Payroll Tax Train Wreck Resolving Your Clients Payroll Tax Nightmare Eric L. Green, Esq. 1

Payroll Tax Train Wreck Resolving Your Clients Payroll Tax Nightmare Eric L. Green, Esq. 1

Payroll Tax Train Wreck Resolving Your Clients Payroll Tax Nightmare Eric L. Green, Esq. 1 About Tax Rep LLC Tax Rep is a member driven community that helps each other build their representation practice and help taxpayers, with members being

438 views • 29 slides
Carrying capacity assessment and impact Carrying capacity assessment and impact of aquaculture in

Carrying capacity assessment and impact Carrying capacity assessment and impact of aquaculture in

Carrying capacity assessment and impact Carrying capacity assessment and impact of aquaculture in Chinese bays of aquaculture in Chinese bays *1,*2 *1,*2 http://www.ecowin.org/china/ J.G. Ferreira Universidade Nova de Lisboa Faculdade de

595 views • 33 slides
Carrying Capacity What Is It And Why Is It Important? Photo from NOAA Science Center 1

Carrying Capacity What Is It And Why Is It Important? Photo from NOAA Science Center 1

Carrying Capacity What Is It And Why Is It Important? Photo from NOAA Science Center 1 Definition Carrying Capacity = Number of individuals or biomass the resources of a given area can support usually through the most unfavorable period of the

185 views • 16 slides
BEFORE WE BEGIN Watch the costs and the profits will take care of themselves

BEFORE WE BEGIN Watch the costs and the profits will take care of themselves

5/8/15 PAYROLL PROCESSING & PAYROLL TAX FRAUD What you need to know to protect your business INTRODUCTION PAUL STAPPAS PRESIDENT BEFORE

359 views • 16 slides
Payroll Cost Transfers What is a Payroll Cost Transfer? Definition : An after-the-fact transfer

Payroll Cost Transfers What is a Payroll Cost Transfer? Definition : An after-the-fact transfer

Payroll Cost Transfers What is a Payroll Cost Transfer? Definition : An after-the-fact transfer of payroll costs to or from a sponsored award after the expense was initially charged to another sponsored award or non-sponsored index.

275 views • 10 slides

More recommend