Willow Pay Ltd

📆 ❓ Did you know that our team processes payrolls for many accountants and bookkeepers who use our services to free up their time and resources? Here are some common reasons why they come to us: - ⭐ To focus time and resources on their core expertise and maximise their profits   ⭐ To ensure that their payroll is being looked after by dedicated payroll experts who keep up with ever-changing complexities of payroll   ⭐ To win a new client when they don’t have the resources to cover the payroll aspect of the job   ⭐ They realise that having one person dedicated to running all client payrolls leaves them in a dangerous position where, due to unexpected absence, they need cover but don’t have it     If any of this sounds familiar feel free to get in touch to see how we can help. https://lnkd.in/ekVRUdVM #payrolloutsourcing #payrollaccountants #payrollbookkeepers #accounting #bookkeepers #outsourcing

‼️HMRC are no longer issuing automatic personal PAYE refunds which means that employees need to actively check their personal tax accounts and request a repayment

As P11D season is finally over, have you considered an alternative - payrolling employee benefits in kind? From April 2026, this will be compulsory. However, you can start payrolling before 2026 if you wish to. Payrolling benefits means that the cash equivalent of the benefit is spread across the tax year and tax is calculated and paid by the employee in real time via their payslip. This eliminates the need for P11D forms. In order to payroll benefits, you or your PAYE agent will need to register with HMRC online. This needs to be done in the tax year before you wish to start payrolling. Please see our blogpost for further details #payroll #P11D #employeebenefits

From 1st April 2024 there are new rules for holiday pay that may help some of your employees. See our blog post for further details

Outsourcing payroll can be a difficult decision and it's not necessarily right for everyone. We have put together a list of things to consider when making this decision to see if it's right for you.

PAYMENT SOLUTION ⚡ 💷 Are you struggling to find time to make monthly or even weekly salary payments? Are you remembering to pay HMRC each month?   Willow Pay understands that paying out employee wages and HMRC on a monthly or weekly basis can be a time-consuming activity.   To alleviate your burden, Willow Pay have partnered with Modulr to provide a faster payments service via Modulr’s payment platform. We process monthly or weekly salary payments to employees and monthly PAYE payments to HMRC on behalf of our clients.   How our faster payments service can help you: - 1)     Saves you time each pay period and avoids you having to make manual payments 2)     Reduces room for error/typos that can occur with manual processing 3)     Easy to make payment changes up to day before payment date 4)     Reduces risk of HMRC fines by ensuring PAYE payments deadline are met   Please get in touch if you would like to understand more about this service. https://lnkd.in/ekVRUdVM #payroll #salarypayments #modulr

Review our payroll guide to be up to speed for the new tax year

National insurance is decreasing for employees for a second time this year. Follow the link for more details.

The new tax year is just around the corner! Here is important payroll information you need to know to be ready for April 2024.

Did you know that employee National Insurance contributions were changing this month? You can find out more information about this here