BizSugar.com › Taxes › Negotiating the complexities of payroll - Solid Bookkeeping, Accounting & Consultancy...

Whilst the announcement by the Chancellor, George Osborne, that he intends to investigate the merging of regulations for tax and national insurance (NI) is welcome, any likely improvements in this area will take some time come into effect. In the meantime with a new tax year upon us bringing with it a raft of regulation changes, accounting for payroll still takes up a sizeable amount of administration time. One of the quickest ways to create employee dissatisfaction is to incorrectly calculate their payroll and tax rates. Not only will this involve employees in potentially protracted correspondence with HMRC, a cumulative...