Employee Benefits

AUGUST 7, 2024

Credit: Hyejin Kang/Shutterstock Need to know: Employers should start planning now for the P11D changes to the reporting and paying of tax and Class 1A national insurance contributions (NICs) on benefits in kind, to ensure a smooth transition to the new system in April 2026. appeared first on Employee Benefits.

Payroll System 59

Payroll System Taxes Payroll Take Home Pay 59

cipHR

MARCH 24, 2022

Choosing the right payroll software for the new tax year. After some years of significant changes, personal income tax allowances have been frozen at £12,570 for the next four years until 2026. While your payroll system may support these calculations, please do ensure you check this regularly. . ?While Payroll news.

Taxes 40

Taxes Payroll Deductible Deductions 40

HR Digest

APRIL 1, 2025

The Budget Lab put matters into perspective for usaround 8% of hourly workers and 4% of salaried workers work FSLA-qualified overtime on a regular basis. Following approval, the no tax on overtime policy in Texas could go into effect in late 2025 or early 2026. Is Overtime Taxed in Texas Right Now?

Overtime 52

Overtime Taxes Government Payroll System 52

HR Digest

MARCH 13, 2025

This means the no tax on overtime start date remains elusive, potentially late 2025 or early 2026 , if all aligns. How to adapt payroll systems if it becomes reality ? If successful, implementation could begin late 2025 or early 2026, though delays are possible given legislative complexities. Its a potential game-changer.

Overtime 105

Overtime Taxes Payroll System Payroll 105