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29 Sep '20

Furlough scheme set to move into final month

The government’s Coronavirus Job Retention Scheme (CJRS)/furlough scheme moves into its final phase this October before a new scheme comes into force. The furlough scheme has supported more than nine million people since it was launched by Chancellor Rishi Sunak in March in a bid to protect jobs and businesses during the coronavirus (COVID-19) pandemic. […]

25 Sep '20

Business groups welcome extended coronavirus support

Business groups have broadly welcomed the extended business coronavirus support measures announced in the Chancellor of the Exchequer’s Winter Economy Plan. Commenting on the Job Support Scheme, Dame Carolyn Fairbairn, Director-General at the Confederation of British Industry, said: ‘These bold steps from the Treasury will save hundreds of thousands of viable jobs this winter. It […]

https://open.spotify.com/track/2aIZ16oke2frhUCjvttBVy?si=vBw5UiB7Q1qi8GGWguYY_Q

23 Sep '20

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4 reasons to outsource your payroll

One of the biggest tasks in business is payroll; it’s important to consider when it’s time to outsource your payroll. Whether it only be a small section of your payroll or the whole lot, we’ve provided a few areas to consider before taking the leap. It’s important to understand purchasing payroll software doesn’t make you […]

By Mush Digital

Payroll

21 Sep '20

UK businesses voluntarily return £215 million in furlough funds

HMRC data has revealed that UK businesses have voluntarily returned more than £215 million in overclaimed furlough funds. Around 80,433 firms have returned furlough funds they were given to help cover employees’ salaries. Commenting on the issue, HMRC stated: ‘HMRC welcomes those employers who have voluntarily returned Coronavirus Job Retention Scheme (CJRS) grants to HMRC […]

15 Sep '20

Private pension withdrawal age to be raised

The Treasury has confirmed that the minimum age for private pension withdrawals will increase from 55 to 57 in 2028. Pension reforms made under Chancellor George Osborne meant private savers could access their savings pots before State Pension retirement age. At the time it was intended that the age restriction should be linked to be […]

11 Sep '20

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Day in the life of a Payroll Manager

As it’s National Payroll Week we thought we’d shed some light on what it’s like being a Payroll Manager. Whether you’re a little nosey or would like to take the next step in your career to being a Payroll Manager, make sure you’ve got your cuppa because we’re giving you the low down. The […]

By Mush Digital

Payroll Hub News

25 Aug '20

Recovery Funding: Gov to provide £20 million

Small businesses in England are soon set to benefit from recovery funding. An additional £20 million in funding to help them recover from the coronavirus (COVID-19) pandemic. The government recently announced that small and medium-sized businesses will have access to recovery funding grants. These are between £1,000 and £5,000 to help them recover from the […]

24 Aug '20

Furlough Applications: HMRC blocks thousands

HMRC has blocked thousands of furlough applications for the government’s Coronavirus Job Retention Scheme (CJRS) due to fears they are fraudulent. More than 30,000 CJRS applications have been rejected by HMRC, according to reports. At the end of June, 1,526 CJRS claims were rejected because the companies applying had ceased trading. An additional 23,899 applications […]

24 Aug '20

Coronavirus Job Retention Scheme changes from 1 Sept

As of the 1st September, changes will be made to the Coronavirus Job Retention Scheme. Initially, employers were able to claim back 80% of an employee’s usual wage up to a cap of £2,500. However, from September, this will be reduced to 70% and up to a cap of £2,187.50 per month for the hours […]

14 Aug '20

Freelancers experience drop in income

Freelancers experienced a drop in income during the coronavirus (COVID-19) lockdown, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE). The research showed an average drop of 25% during the second quarter of this year. The drop in income was driven by a record fall in the average number of […]