2012 Employment Net Pay 
Employee Benefits
JULY 25, 2023
At its core, a workplace pension is a retirement savings plan organised by an employer for the benefit of their employees, who also contribute to the pension. As of 2012, the introduction of auto-enrolment mandates all employers to provide a workplace pension. Net Pay contributions from your employees is deducted before tax.
Employee Benefits
AUGUST 24, 2023
For employers, setting up an auto-enrolment pension plan for your staff is a must. Understanding Auto Enrolment At its core, auto enrolment means establishing a pension system by the employer for the benefit of their employees. Since its inception in 2012, it became mandatory for qualified employees to be part of a workplace pension.
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Employee Benefits
SEPTEMBER 6, 2023
It was introduced in the 1999 Finance Act to encourage employers to loan bicycles and cycling safety equipment to employees as a tax-exempt benefit to encourage more people to cycle to work. Through the scheme, employers buy cycling equipment from suppliers approved by their scheme administrator, and hire it to their employees.
Patriot Software
FEBRUARY 25, 2019
As an employer, you are responsible for withholding various taxes from employees’ wages. After you subtract all of the taxes and other deductions, money left over is considered take-home pay. Read on to learn more about what is take-home pay and how to calculate it. What is take home pay? Take-home pay vs. gross pay.
Patriot Software
MARCH 13, 2019
As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. Employers must add imputed income to an employee’s gross wages to accurately withhold employment taxes.
Employee Benefits
AUGUST 27, 2024
A payslip contains important information, including someone’s payroll number, gross income (the income before any taxes and deductions have been taken out) and net pay (what’s left after deductions have been taken off), and usually a tax code.
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