Payroll Archives - Merranti Accounting
Dealing with PAYE K codes
March 15, 2023A PAYE K code reduces your personal allowance to zero and adds a notional amount of income on to your salary to be taxed. The imposition of a K code will result in a significant amount of tax being deducted from your earnings. HMRC will impose a K code to collect existing tax debts, tax
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National Minimum Wage: Common traps
October 13, 2021National Minimum Wage: Common traps The top three mistakes made by employers concerning the National Minimum Wage (NMW) rates are: 1. Making deductions from wages (such as uniform or expenses) which take the pay below the NMW rate; 2. Failing to pay workers for all the time they work, including overtime; 3. Paying the
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