Yesterday, The Autumn Budget was announced. It outlines significant tax changes and incentives aimed at businesses and workers. Here’s a breakdown of the top announcements affecting UK businesses. National Insurance Increase: Employers’ National Insurance contributions will rise by 1.2% to 15%. Additionally, the Secondary Threshold will be reduced from £9,100 to £5,000, meaning employers will… Read More »
Returning to work after maternity leave is often a blend of excitement, adjustment, and fresh perspective. Our Head of Payroll shares her experience of transitioning back to work after a year focused on family. As she dives back into the world of payroll, she reflects on the challenges of balancing work and home, the joy… Read More »
There’s no disputing that AI is revolutionising industries, and payroll is no exception. Businesses increasingly embrace AI for their payroll functions to save time, improve efficiency, and reduce the need for large in-house payroll teams. While AI offers several benefits, it’s essential to understand its advantages and disadvantages. How Businesses Are Using AI in Payroll… Read More »
Managing payroll can seem daunting, especially if you’re a small or new business owner. But with the right approach and support, you can handle payroll with confidence and accuracy. This guide will break down the very basics of payroll management, offering tips to help you stay compliant and pay your employees on time. What is… Read More »
At Cactus Payroll, we were proud to sponsor a hole at the recent Hive 365 Charity Golf Day, a fantastic event dedicated to raising money for PAPYRUS, a charity focused on preventing young suicide. PAPYRUS plays a vital role in providing support and resources to those in need, working tirelessly to create a brighter future… Read More »
It’s National Payroll Week! Since 1998, the first week of September has been designated as National Payroll Week – a time to shine a spotlight on the payroll industry’s crucial role in the UK. This week is all about acknowledging the dedication, expertise, and hard work of payroll professionals who work tirelessly behind the scenes… Read More »
As a small business owner, handling payroll in-house can be a time-consuming and complex task. Here’s why outsourcing your payroll could be a game-changer for your business: 1. Time Savings Managing payroll involves more than just issuing payslips. It includes calculating deductions, managing tax withholdings, and keeping up with changing regulations. By outsourcing, you free… Read More »
Labour’s recent landslide victory means significant changes that payroll professionals must be prepared for. As these new policies are rolled out, Cactus Payroll is here to support you through each transition. Here’s a breakdown of the key areas affected and how you can stay informed and compliant. The Living WageOne of the most notable changes… Read More »
Fledglings is a preschool & Day Nursery, located in South Manchester that provides a high-quality, caring, and stimulating learning environment for children under five. The nursery employs 27 staff members with varied salaries, and many team members frequently work overtime. Fledglings had been with the same payroll provider for over 20 years. However, when the… Read More »
At Cactus Payroll Solutions, we pride ourselves on our dedicated and talented team. Today, we’d like to introduce you to Paul Prior, our Chief Financial Officer, and share his journey and insights into the payroll and finance industry. 🌵How did your payroll/finance career begin?Many years ago! I qualified as an accountant in 2004 and started… Read More »
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