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Written by Administrator
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Friday, 05 October 2012 09:37
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Late payment scandal constipating the UK economy – Vince Cable asked to act
Nationally, the average amount owed to UK SMEs is £36,000 – yet 35% of SMEs reported that late payment debts of up to £20,000 would be enough to put them out of business. Read more
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Last Updated on Monday, 12 November 2012 16:08 |
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Written by Administrator
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Friday, 21 September 2012 12:02
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The Department for Business, Innovation & Skills has announced the national minimum wage rates from 1 October 2012:
- the main adult rate (for workers 21 and over) will increase by 11p to £6.19 an hour
- the rate for 18-20 year olds will remain at £4.98 an hour
- the rate for 16-17 year olds will remain at £3.68 an hour
- the rate for apprentices will increase by 5p to £2.65 an hour
 Read more.....
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Last Updated on Monday, 12 November 2012 16:09 |
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Written by Administrator
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Thursday, 20 September 2012 21:02
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The most fundermental change to PAYE since its creation in 1944 is being introduced this coming April and, by this time next year, ALL employers must use RTI Fundermentals Read more...
What is RTI?
Real Time Information (RTI) is a new way of reporting PAYE. Currently we notify HMRC on an annual basis about your employee’s pay by submitting P14’s and P35’s, under RTI however data will be submitted to HMRC every single time an employee is paid.
RTI is a significant change; however at You-Grow we are RTI ready and have the processes in place to ensure that all of our clients remain compliant and avoid any unnecessary penalties.
What do you need to do to be RTI ready?
If you are a current You-Grow client all you need to do is ensure that we have accurate employee records on the You-Grow system.
We have further developed the You-Grow system so that we will only be able to process payroll for workers whose records contain all the required data for RTI on the You-Grow System.
Further information regarding mandatory employee data can be found on our guide at wwww.you-grow.com
If you are not a current You-Grow Client, it is important that you contact your payroll partner to confirm that they are RTI ready, or contact us to discuss how we might work together to ensure your compliance.
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Last Updated on Monday, 12 November 2012 16:09 |
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Written by Administrator
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Friday, 08 June 2012 11:33
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After the end of the tax year you need to complete and file your key expenses and benefits forms. You need to file a form P11D or P9D for each employee to whom you've provided expenses and benefits during the tax year, Readmore |
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Last Updated on Monday, 12 November 2012 16:09 |
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Written by Administrator
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Friday, 25 May 2012 11:02
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Update on use of Electronic Data Interchange for sending PAYE information in Real Time: - "We now envisage that we will retain EDI until at least 2016-17." Readmore
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Last Updated on Monday, 12 November 2012 16:10 |
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