As the tax year draws to a close, payroll teams everywhere are gearing up for year-end processing. It’s a crucial time for businesses to ensure accuracy, compliance, and efficiency in their payroll systems, which can often be daunting to small-to-medium sized businesses – in fact, around 1 in 3 small
What is Pay on Demand (Earned Wage Access)? EWA allows employees to access a portion of their accrued wages before payday. For workers, it provides financial flexibility, reducing reliance on high-interest credit cards or payday loans. According to a 2023 survey (by the SIA), nearly 50% of UK employees have
The recruitment industry is at a pivotal moment. With the rise of the flexible workforce, agencies are navigating new challenges and opportunities. In today’s fast moving recruitment market, speed matters more than ever; especially when it comes to paying workers. For flexible workers, whether freelance, gig or temporary, payment delays
2025 is already in full swing, but it also brings critical employment law updates. Here’s a summary of the key dates to help ensure your team is prepared. 30 March / 4 April: Gender pay gap reporting deadlines Organisations must publish their gender pay gap reports within 12 months of
As the year 2024 draws to a close, it’s the perfect time to reflect on a year that has been transformative for payroll, recruitment and HR in the UK. With the new government, we’ve seen significant legislative changes and industry shifts that have reshaped how businesses operate. Let’s dive into
After months of anticipation, the Government has released the initial draft of its comprehensive Employment Rights Bill, set to significantly reform employment law over the next few years. As the Bill now begins its journey through Parliament, mywage provides an overview of the key elements from this first draft, aimed
In October, the UK government announced major tax adjustments and new employment standards, bringing both opportunities and challenges for businesses and workers alike. With significant changes to income tax, National Insurance contributions, minimum wage and policies, the budget’s impact will be felt across the workforce. Below, we explore the specific
Statutory pay rates guide for 2024-2025 Keeping up with statutory pay rates is essential not only for HR and payroll compliance but also to maintain employee trust. Keep reading below for the latest statutory pay rates for 2024-2025, plus some emerging trends and answers to some common questions about statutory
Managing payroll for a temporary workforce during the summer holidays presents unique challenges for businesses. Ensuring that temporary employees are paid accurately and on time, despite many being away on their holidays, is crucial. At mywage, we provide the ultimate solution, making payroll management seamless and stress-free. Here’s how you
Managing payroll is a critical responsibility for every business, yet it often proves intricate and time-intensive. Ensuring precise calculations for employee wages and taxes is paramount for maintaining compliance with tax laws and evading potential legal and financial repercussions. Particularly with changes in the new tax year approaching, HMRC-approved payroll
