Knowledge Hub

24. 01. 2024

Payrolling of benefits is to become mandatory

From April 2026, UK employers must payroll benefits and expenses, aligning with the government's tax administration modernisation. The move follows the elimination of paper P11D submissions in April 2023. Employers face a choice between legacy P11D submissions and payrolling, with challenges for specific benefits. The Chartered Institute of Payroll Professionals collaborates with HMRC to facilitate a smooth transition without public consultation, offering guidance for organisations adapting to payrolling benefits.
23. 01. 2024

Decoding the Art of Negotiating Your Ideal Compensation Package

Master the art of negotiating your compensation package by understanding your worth, timing discussions strategically, and evaluating comprehensive packages. Communicate confidently, prepare for challenges, and seek professional guidance when needed. Cultivate this skill for a rewarding career.
22. 01. 2024

Mastering the Transition: A Comprehensive Guide on Seamlessly Implementing a New Accounting System

Seamless Accounting System Implementation: Assess, plan, train, choose wisely. Integrate, migrate data carefully, test thoroughly, communicate transparently. Engage stakeholders, provide support, celebrate milestones. Success demands strategic planning and holistic integration
18. 01. 2024

Unravelling Success: A Guide on How to Pick the Right Accounting System for Your Business

Discover success in choosing the perfect accounting system for your business. Navigate the dynamic business landscape with this comprehensive guide, covering needs assessment, scalability, integration, user-friendliness, compliance, cost considerations, and user feedback. Make a strategic choice for enduring financial foundations.
17. 01. 2024

Companies House filing shake-up: The impact on accountants

The Economic Crime and Corporate Transparency Act brings a revolutionary change to Companies House reporting rules, mandating digital filing, increased disclosure, and full tagging. Accounting professionals anticipate a significant impact, expecting both challenges and opportunities with streamlined reporting and potential increased software adoption.
17. 01. 2024

Strength in Diversity: Building a Thriving Workplace Culture

Fostering diversity is crucial in today's dynamic business landscape. Strength in Diversity is more than a slogan; it's a strategic imperative for building a thriving workplace culture, driving innovation, boosting engagement, and ensuring global competitiveness. Implementing intentional diversity initiatives is a blueprint for success, creating a vibrant and inclusive workplace.