A guide to PAYE Settlement Agreements for employers
If you employ staff, you will know that managing the payroll can be a time-consuming task. This can become even more complicated when tax and National Insurance for your employees is due on minor, irregular or impracticable expenses or benefits. This is where a PAYE Settlement Agreement (PSA) comes in. Here, we provide our guide […]
Everything you need to know about State Pensions
Retirement is something that many employees look forward to. However, not everyone wants to or can give up working when they reach State Pension age. Here, we discuss the rules around State Pensions and what you can do to support employees with planning for their retirement. What is a State Pension? The State Pension is […]
What to do if an employee is called up for jury service
Giving staff time off for jury service might not be an occurrence that payroll managers have to deal with on a regular basis. However, the chance of being called up for jury service at least once in your lifetime is around 40%, so it’s certainly a situation that employers should be prepared for. Anyone between […]
Self-assessment tax returns – top tips to get prepared
The 31 January deadline is over, and your self-assessment tax returns have been filed – phew. January is always a busy month for the team at AMR Bookkeeping Solutions, and while it’s another year until the next deadline, we think it’s never too early to get prepared. Completing the self-assessment tax return is a task […]
Student loans – what are an employer’s obligations?
Since tuition fees came into force for all students studying at UK universities in 1998, student loan repayment obligations have become a crucial responsibility for HR managers and payroll officers. Student loan repayments operate differently to the repayment of bank loans because, unlike other loans, repayments are deducted from an employee’s salary at payroll. This […]
Payroll Giving – how to set up tax free charitable donations for your employees
During the pandemic, charities that traditionally relied heavily on fundraising events, such as sponsored walks, galas and shows, felt the pinch as these were deferred or cancelled. Revenue streams from regular donations provided by individuals and companies became more important than ever in ensuring charities could continue to provide their crucial services. Many charities across […]
Reclaiming statutory sick pay for Covid-related absences – what you can reclaim and how to do it
Ninety-six pounds a week, for up to 28 weeks – employers have a legal duty to provide at least this statutory level of sick pay (SSP) to any employee that takes sick leave. Pre-covid, the costs of sick pay were always covered by the employer and could not be claimed back. This changed in May […]
What is the difference between a bookkeeper and an accountant?
Bookkeeping and accounting are key activities for almost every business, charity and public body. Both professions handle critical financial information, and provide a dedicated service to their clients. To understand the differences, it is worth taking a closer look at what bookkeepers and accountants do, and to understand when you need one and not the […]
Wishing you a very happy Christmas from everyone at AMR Bookkeeping
As we approach the end of 2021, the team at AMR Bookkeeping would like to wish everyone a very happy Christmas and new year. While the past year has had its ups and downs for businesses across the UK, we have continued to be inspired by the resilience and dedication shown by our clients through […]
Our guide to National Insurance
Taxes – they can all seem like a bit of a drag, can’t they? However, they are essential to ensuring that economies can operate and that citizens benefit from a range of essential services, including healthcare, education and security. National Insurance is no exception and is a fundamental component of the welfare state system in […]
