As the financial year comes to an end on 5th April 2016, it’s time to look at the tasks that employers running a payroll need to complete for Her Majesty’s Revenue and Customs (HMRC). You need to report to HMRC on the previous tax year (which ends on 5 April), give your employees a P60 and prepare for the new tax year, which starts on 6 April 2016
HERE ARE THE 5 ESSENTIAL TASKS AND TIMESCALE:
|What you need to do
|Send your final payroll report of the year
||On or before your employees’ payday
|Update employee payroll records
||From 6 April
|Update payroll software
||From 6 April
|Give your employees a P60
||By 31 May
|Report employee expenses and benefits
||By 6 July
For more information detailed click here
GOOD NEWS FOR EMPLOYERS
Businesses will have their employer National Insurance bill cut by another £1,000 from April 2016, as the Employment Allowance rises from £2,000 to £3,000. The Employment Allowance gives businesses and charities a cut in the employer National Insurance they pay.
This means that businesses and charities will be able to employ 4 people full time on the National Living Wage and pay no National Insurance at all.
In the current economic climate, business planning is essential to all voluntary groups
Wednesday 16th March 2016
09:30am – 3:30pm
Once again, we present a FULL DAY training session, led by a leading firm of accountants.
This course is FREE to all organisations in the Voluntary Sector, and will cover all aspects of creating a presenting a business plan.
For more information, and to book a place, please send us an email by clicking here
Derby City Council’s cuts to Voluntary Sector Funding were ‘called in’ – challenged – on 1st March 2016 at a meeting at the Council House. The two hour meeting resulted in a decision that the cuts totalling £747,595 were ‘lawful’.
The decision will have a significant impact on many Derby voluntary and community organisations and will leave Derby without a Citizens Advice Bureau, so Derby is to become the only city in the country not to have a Citizens Advice Bureau – if you would like to sign a petition to try and save Derby’s CAB click here