Welcome to the Nicki Paddy & Co. Blog.
We are regularly asked questions by our clients, the answers to which are often pertinent to other clients and SME’s. So in a bid to make useful information freely available, we seek to answer the most regularly asked questions or provide some ideas about managing the perennial issues faced by SME’s and growing companies.
If there is a subject you would like us to consider, please contact us.
14th January 2020
MTD and RTI Come to Fruition
In recent years we have had numerous legislative changes around tax reporting, beginning with RTI (Real Time Information) on payroll and then more recently MTD (Making Tax Digital) for VAT. These have been introduced gradually, marking a creeping change to an automated reporting system between businesses and HMRC. The long-term ambition of these measures is […]
2nd August 2017
Payroll: what we need to know
Payroll consumes several days of time and effort every month here at Nicki Paddy & Co. As the end of the month rolls around we’re busy inputting names and numbers to ensure everyone wakes up on that longed-for day to a bountiful bank account. However, sometimes one of our biggest frustrations is when our crystal […]
2nd May 2017
Auto Enrolment – A Beginner’s Guide
What is Auto Enrolment? Saving for life after retirement is not at the forefront of many people’s minds, especially if you have just entered the world of work. The truth is we are all living longer so at retirement age we will need to fund the next stage of our life, however long that may […]
16th February 2017
Payroll Software – Can you trust it?
This is a cautionary tale but one that I wanted to share with clients and colleagues as I feel it is important. It stems largely from me falling into the category of ‘geek’ where PAYE and payroll calculations are concerned. But on this occasion my geekiness’ managed to identify a flaw in the way payroll […]
29th September 2015
Why your PAYE changes throughout the year
One of the reasons many small businesses set up a PAYE scheme is to have better control over their outgoings each month. They know their staff will be paid and they know what’s going out of the bank account. One of the questions I often get asked by my clients is: with so much certainty […]
31st March 2013
RTI and Payroll Changes
PAYE Changes and what they really mean… Plus some funny things that have been received at HMRC! The Pay As You Earn (PAYE) system was introduced in 1944 and has changed very little since then, so these changes are relatively big news and are aimed at improving the efficiency of PAYE, using Real Time Information […]