What is it? PBIK was introduced in 2016 as an alternative to P11D’s as a means to tax employees on benefits provided by their employer. It is becoming increasingly popular, as employers look for new ways to recruit and retain staff in the currently very competitive job market, (where salary alone is often not enough? …
PBIK: Payrolled Benefits in Kind-Is it right for your Company? Read More »
Cornwall Payroll are a local company based in Truro, that opened for business in 2014 and now run the payroll for over 300 business’s across Cornwall and beyond. They cater for all sizes of business from single director companies to organisations with up to 250 employees. They are a family run business offering a friendly, …
Salary Sacrifice Pension Also known as ‘Salary Exchange,’ this is an alternative arrangement for making pension contributions. It is becoming increasingly popular, as employers look to save money for themselves and their employees in these tough economic times. Salary sacrifice is also used for other benefits such as the Cycle to Work scheme. What is …
There have been some major changes in payroll legislation over the past ten years and there are still employers that are not claiming everything they are entitled to. When we take on new clients, we do an initial payroll audit and sometimes find this is still the case. Payroll is an often-overlooked function of the …
Payroll – Are you claiming all you are entitled to? Read More »
The start of the new tax year is the perfect time to outsource your Payroll. Many businesses now choose to outsource to an expert payroll company. So why should you consider this for your company? Saves Time – When you outsource your payroll, it gives you and your staff more time to focus on your …
