Remove book-a-demo
article thumbnail

Mastering Financial Control: The Best Expense Tracking Software for Small Businesses

Qandle

Tax Deductions Accurate expense records are crucial during tax season. Tracking your expenses ensures you claim all eligible deductions and reduce your tax liability. Tracking your expenses ensures you claim all eligible deductions and reduce your tax liability.

article thumbnail

A Guide to Calculating Pensionable Earnings for Employers

Employee Benefits

tax relief): £1,900 Total contribution: £3,040 Qualifying earnings (£6,240 is deducted from total earnings of £40,000): Bonus included Pensionable earnings £33,760 Employer contribution: £1,012.80 Book a demo of Penfold today. Consider an employee with an annual salary of £38,000 and a £2,000 bonus. Employee contribution (inc.

Pension 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top gifts for your staff: 5 suggestions

Employee Benefits

Tax deduction – For HR or management, here’s a quick tax tip; it also counts as a tax deduction, thus decreasing your tax liability for the year. The real challenge lies in figuring out the perfect gift. Why is employee gift-giving important? In the UK, the gift voucher market is projected to grow by 10.3%

Pension 52
article thumbnail

Legal Obligations and Beyond: An Employer’s Guide to UK Benefits

Employee Benefits

As an employer, it’s your responsibility to contribute at least 8% towards an employee’s pension every month, typically split as: 3% from the employer 5% deducted from the employee’s pre-tax salary Paid Leave for Maternity, Paternity, and Adoption Paid leave for these life events is another statutory requirement.

Pension 52
article thumbnail

Top tips for finding the right HR software for SMEs

cipHR

From recruiting and onboarding to performance management and payroll , HR tasks can quickly become overwhelming, particularly for businesses with limited resources. Fortunately, technology has revolutionised HR management, providing SMEs with a choice of HR systems that can automate and streamline HR processes.

article thumbnail

"Glocalization" or the five pillars of a localized software offering

Ahmed's Universe

RIO DE JANEIRO In Brazil where I am assisting a customer in their post-PeopleSoft strategy (among the choices confronting us: keep the global system or go with a local one?), I am constantly reminded of what it means to have an HR system localized for different markets, especially when the product is initially American. Not a chance.

Software 186
article thumbnail

Tax year 2022/2023: everything you need to know about the upcoming legislative changes

cipHR

Student loan deductions. Postgraduate loan deductions. The pay and deductions allowable for the minimum wage calculation are extremely complex, particularly where you may have salary sacrifice benefits in place. Scottish income tax is determined by the residency. Taxable income. Scottish tax rate. Personal allowance.

Taxes 40