Employee Benefits

OCTOBER 12, 2023

Pitchup, an online booking site for UK and Europe outdoor holidays, has introduced a tax-free bikes-for-work scheme for its employees. Bikes-for-work schemes are tax-exempt arrangements, usually offered via a salary sacrifice scheme that will deducts payments from an employee’s gross pay.

Gross Pay 52

Gross Pay Retail Life Insurance Pension 52

cipHR

NOVEMBER 15, 2021

It’s worth remembering that it’s an employee’s responsibility to check they’re on the right tax code, as it impacts how much tax they pay – whether it’s too much tax or too little. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

Pension 98

Pension Gross Pay Payroll Deductions 98

Insperity

FEBRUARY 11, 2021

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Most payroll services use automation to calculate wages, taxes and other withholdings properly and to generate and file tax returns. Gather W-4s from employees.

Payroll 102

Payroll Overtime Deductions Deductible 102

Insperity

JULY 29, 2012

Automation sets the due dates, calculates wages correctly, takes out all the withholdings properly and sets up the generation and filing of the tax returns themselves. Calculate payroll, and don’t forget to include deductions. Non-voluntary deductions include garnishments and child support payments.

Payroll 40

Payroll Gross Pay Payroll System Deductions 40