First Payroll News

August 5, 2016

HM Revenue and Customs recently concluded a two-year long investigation into the fraudulent withholding of tax, National Insurance Contributions and CIS deductions carried out by two business men and an employee of a construction company in Kent.

Accountant Aquil Ahmed, client Victor Shearer, and payroll administrat...

July 18, 2016

Reports are being received that Barclays customers are currently experiencing severe problems with online banking. 

Several consumer websites show that Barclays services including online banking may be temporarily unavailable. FPS customers can be assured that we are making payments as normal, however if you have a...

June 24, 2016

Britons turned out in record numbers to cast their votes in Thursday's referendum, and the result, announced early on Friday morning, was that just under 52% opted for the so-called "Brexit", bringing to end over 40 years of Britains's membership of the European Union and common market. 

But for all the scaremongeri...

May 20, 2016

The explosion of comparatively cheap broadband and a plethora of internet enabled devices has meant that the world is now more connected than ever before. Public and private bodies are now exploiting the convenience of the internet to make previously slow or laborious services quicker, more convenient and always av...

April 20, 2016

Latest figures released by the Office for National Statistics revealed that UK unemployment increased by 21,000 to 1.7m, the first increase since June 2015. The rise is small, and unemployment remains at around 5.1%, which is still a fall from 5.6% at this time last year. Leading experts have suggested that the upc...

March 31, 2016

On April 1st, the Government’s new National Living Wage (NLW) becomes law. The move effectively provides an uplift to the National Minimum Wage (NMW) for over-25s - this group will find their hourly rates increasing from £6.70 to £7.20 whilst under-25s will still be entitled to the existing £6.70.

The increased...

March 10, 2016

First Payroll Services has had a presence in outsourced payroll for over 10 years. A lot has come and gone in that time and a lot is likely to happen in the future as payroll and tax becomes ever-more complex. FPS Launched it's new website in March 2016 to make using the site easier and help continue its long legac...

March 1, 2016

The government’s stated expectation that hirers will pay contractors a rate “sufficient” to still attract them once their tax relief on expenses is curbed appears to be a major miscalculation, it was reported by the Contractor UK website.

 

 

The news release then goes on to quote a recent poll conducted by the Freela...

February 5, 2016

For some time a contentious issue in the area of payroll and recruitment, it seems the Umbrella Company could soon become a thing of the past thanks to restrictions travel & subsistence expenses, and on particular types of salary sacrifice arrangement.

 

The umbrella model was in poor health even befor...

January 22, 2016

As the implications of the 2015 autumn statement become clearer, many assume that the chancellor's attack on contractors - specifically the restriction of relief on travel and subsistence expenses may drive contractors towards using a limited company. If only it were so simple.

 

 

Quite apart from the fact that not e...

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