Payroll - Champion Accountants

Unleash success by outsourcing your payroll function to Champion Accountants

On August 30, 2023 / Payroll

Every decision you make for your business has wide-reaching implications, from the impact of any associated cost, placing time demands on an already busy team, to the efficiency and quality of your output. Making the decision to change your payroll process requires careful consideration. There will be

Spring updates to National Insurance: What you need to know

On May 18, 2022 / Payroll, Business Advisory

Back in March, we explained the impending changes to National Insurance (NI) Contributions, and what the Health & Social Care Levy means for you. Since then, the Chancellor has delivered his Spring Statement with a few additional changes to NI and Employment Allowance that will impact your

Impending changes to National Insurance Contributions: what the Health & Social Care Levy means for you

On March 17, 2022 / Business Advisory, Payroll

From 6th April 2022, employees and employers alike will be subject to an increase in National Insurance Contributions from 12% to 13.25%. In September last year, the government announced the changes – titled the Health & Social Care Levy – as a means of raising £36billion in

Non-compliant employers face pension spot checks

On July 25, 2019 / Corporate Finance, Payroll

Businesses that fail to comply with auto-enrolment rules could be caught out as The Pensions Regulator (TPR) continues its campaign of spot-checks this summer. New rates for auto-enrolment came into force in April this year, meaning that businesses must ensure that a total minimum contribution of 8%

April’s auto-enrolment increase

On February 26, 2019 / Business Advisory, Payroll

From 6th April 2019, the total minimum contribution for auto-enrolment is increasing to 8%. Employers will need to make sure that they contribute at least 3% of qualifying earnings (up from 2%), with employees paying in the remaining 5% (previously 3%). As an employer, it is your

Autumn Budget, our reaction

On November 22, 2017 / Tax, Corporate Finance, Payroll, Business Advisory

Phillip Hammond set out his first Budget as Chancellor with the declaration that he was preparing the UK for a ‘new relationship with the European Union (EU) and a new Future outside of the EU’. He took the opportunity, as many of his predecessors have, to take

Step-by-step guide to automatic pension re-enrolment

On November 20, 2017 / Corporate Finance, Payroll

Every three years, employers must re-enrol eligible employees back into their workplace pension scheme. Known as automatic re-enrolment, this policy targets staff who may have opted out of the scheme, stopped their contributions or chose to pay less than the minimum amount. Your re-enrolment date is your

Apprentices: Important Changes to National Insurance

On April 15, 2016 / Business Advisory, Payroll, Tax

National Insurance has undergone a plethora of changes in recent years that have kept employers on their toes. Businesses that employ apprentices saw a change in the law back in April 2015 when the Government introduced a zero per cent rate of Secondary National Insurance Contributions (NIC)

PLANNING FOR A RICHER RETIREMENT

On January 19, 2016 / Payroll, Tax

We all want to live comfortably during retirement, yet the type of lifestyle you’ll experience is determined by the decisions you make early on in life. To ensure a relaxing and somewhat care-free retirement, here’s what you need to consider in order to bridge any gaps between

Should You Top Up Your State Pension?

On December 17, 2015 / Payroll, Business Advisory

Millions of older savers have been given the opportunity to boost their retirement income by topping up their state pension. The scheme, known as Class 3A, enables voluntary top ups of up to £25 per week (£1,300 per year) for those already in receipt of a state