Why Accurate Payroll Processing is Crucial
Running a business involves many complexities, and one of the most important is payroll and finance. It’s not just about numbers on a spreadsheet; it’s about fostering trust, ensuring compliance, maintaining stability, enhancing productivity, and safeguarding reputation. Here’s why accurate payroll processing is non-negotiable for a business. Employee Trust: At the heart of any successful… Read More »
Stress Awareness Month
April is Stress Awareness Month, a perfect time to reflect and refine processes to reduce stress. For many businesses, payroll management ranks high on the list of stress-inducing tasks. From complex calculations to ever-changing regulations, handling payroll can be a daunting task. However, at Cactus Payroll, we’re dedicated to simplifying the payroll process and providing… Read More »
Introducing Cactus Payroll’s Exciting New Referral Reward System!
At Cactus Payroll, we’re always looking for ways to show our appreciation to our valued clients. That’s why we’re thrilled to announce the launch of our brand-new Referral Reward System! We understand the power of word-of-mouth recommendations and the trust that comes with them. That’s why we want to reward you for spreading the word… Read More »
Your Guide to HMRC Compliance
Understanding HMRC compliance is crucial for any business, as mistakes can lead to hefty fines. As a trusted payroll provider, Cactus are here to help you understand the complexities of HMRC compliance. HMRC carry out compliance checks to: Multiple things can prompt HMRC to open a compliance check, including: These are mistakes that are easy… Read More »
Changes To Student Loan Repayments
When you apply to university, you may not think about the fees and repayments that are involved. But it is good to stay updated with any changes to loan repayments so that you can make informed financial decisions. As of the 1st of August, students taking out a student loan will not be expected to… Read More »
Autumn Budget 2023
Last week, the Autumn budget was released. Below are the key takeaways: If you would like to read the Autumn statement in full, click here. Stay tuned. Our blog will discuss any further updates.
Minimum Wage 2024
Ahead of Jeremy Hunt’s Autumn Statement, it has been announced that minimum wage is set to increase to £11.44 per hour from April 2024. This is good news for full-time workers as it results in an extra £1,800 a year. Previously, the national living wage has only been for people over the age of 23,… Read More »
Income Tax Explained
At Cactus, we’re here to shed some light on prickly payroll/finance topics🌵 Taxes are an inevitable part of life and can be a source of confusion for many. At Cactus, we’re here to shed light on this essential aspect of your financial life. Income tax plays a role in funding public services in the UK,… Read More »
The National Living Wage Increase
The National Living Wage was established to ensure fair compensation for workers aged 23 and over. As of now, the National Living Wage stands at £10.42 per hour and is set to rise to over £11 per hour, a development anticipated by over 2 million low-paid workers. For workers aged 23 and over, the National… Read More »
How outsourcing your payroll will benefit your business:
Have you outsourced your payroll before? It may seem daunting, but rest assured, at Cactus Payroll, we are here to assist you in any way possible. The main benefits of outsourcing your payroll are: Cost savings – There are multiple cost savings. The main ones are that you don’t have to worry about hiring an… Read More »
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