Workplace Pension
As a UK business, meeting all your pension obligations to avoid hefty fines from the Pensions Regulator is extremely important. However, navigating the auto-enrolment process can be complex and time-consuming. That’s where we come in. Our comprehensive service takes care of everything, from employee eligibility assessments to contribution management and record-keeping. We ensure that your pension scheme complies with the Pensions Regulator’s standards, giving you peace of mind that your employees’ futures are secure. By partnering with us, you can focus on your core business while we take care of the details. Our expert team will customise our services to suit your business needs, delivering a seamless auto-enrolment experience that makes your life easier.
A tax code is a series of letters and numbers used by HMRC to determine the amount of tax an individual should pay. The code is based on personal allowance and other factors that affect tax liability and is used to calculate tax deductions. It’s essential to regularly check the tax code for accuracy and report changes to HMRC.
The Employment Allowance is a government scheme that helps UK employers reduce their National Insurance bill by up to £5,000 per year. At Peer Accountants, we can advise you on whether you are eligible for the allowance and help you claim it through your payroll software. This will help you save money and support your business’s cash flow.
Holiday pay in the UK is the amount paid to employees on vacation, calculated based on their normal pay rate and the number of holiday hours. Employers are legally required to provide a minimum paid holiday each year. Peer Accountants can help you understand the legal requirements and ensure you pay the correct amount to your employees, maintaining good relationships and compliance with the law.