There’s no doubt cost saving is a major factor in choosing to outsource your payroll, with the average financial commitment of employing a qualified and/or experienced payroll professional up to circa £25,000 PA, and that’s without taking into account fees for software, training etc.
Cost aside, there are lots of other benefits to outsourcing too:
The intended changes to IR35 in the private sector have been a big topic of conversation over the past few months, which we have covered extensively at Armstrong Watson. Whilst HMRC’s main aim is to combat tax avoidance, the impact on sectors using contractors is expected to be wide-ranging, from the top of the supply chain, down to the bottom, and we will attempt to cover the main aspects here.
We're proud to announce that our payroll team have been shortlisted in 3 different categories at the Chartered Institute of Payroll Professionals (CIPP) Annual Excellence Awards.
The CIPP awards recognise the best in their field and Armstrong Watson’s nominations - and nominees - were shortlisted in the following categories:
Armstrong Watson's payroll service line has been accredited with the Chartered Institute of Payroll Professional’s Payroll (CIPP) Assurance Scheme for the third time.
Congratulations to Karen Thomson, Director of Group Payroll Services on her promotion to Payroll Partner and becomes only the second known Payroll Partner of an accountancy firm in the whole of the UK.
There have been several changes to the state pension system in recent years. This article will explain the current rules and hopefully alert to pitfalls which may result in lower amounts being received when reaching state pension age.
With devolution comes different rates and ways of operating the tax system for our employees. However, unlike Scotland (SRIT) the Welsh Government only have powers to amend the rates of Income Tax and not the thresholds. The new powers come into force from 6 April 2019 but thankfully for the 2019/20 tax year, the rates will remain i.e. 20%, 40% and 45% as per the rest of the UK.