In a joint announcement this week, Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt have revealed plans to raise the National Living Wage (NLW) to a minimum of £11 per hour.
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We raised an amazing £113.46 for Macmillan Cancer Support during last week's annual coffee morning. Thank you to everyone who joined us, your generosity made a real difference!
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This week we celebrate our payroll pros for their role in smooth financial operations and employee well-being during UK National Payroll Week, 4th-8th Sept. Shoutout to the Mascolo & Styles team for their dedication in accurate compensation, tax compliance, and seamless payroll functioning for our clients.
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Data released by the Office for National Statistics (ONS) last month indicated that pay expansion, not accounting for bonuses, surged by 7.8% between April and June of this year in contrast to the corresponding period the prior year.
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Employees should be aware of changes proposed for 2023 that effect statutory leave entitlements and pay.
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The ONS (Office For National Statistics) reported this month that, as of March to May 2023, the UK employment rate stands at an estimated 76.0%, which is 0.2 percentage points higher compared to December 2022 to February 2023. The increase in employment during this period is primarily attributed to part-time employees.
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The landscape of flexible working is evolving, with this style of work becoming increasingly favoured in many industries. It is worth noting that currently, all employees possess the legal right to request flexible working, provided they meet specific criteria
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The Office Of National Statistics (ONS) reported last month that the estimated employment rate in the UK for the period of February to April 2023 stood at 76.0%, showing a slight increase of 0.2 percentage points compared to the period of November 2022 to January 2023. This growth was
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The government has taken action against over 200 employers who failed to pay their lowest paid workers the minimum wage. These employers have been instructed to reimburse their workers and are facing penalties totalling nearly £7 million.
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The Office For National Statistics reported last month that during the period of January to March 2023, the estimated employment rate in the UK stood at 75.9%, showing a slight increase of 0.2 percentage points compared to October to December 2022.
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Renovations are underway at the Mascolo & Styles head office. Our striking new signage and fresh colour palette adds a touch of sophistication, making a bold statement to visitors and clients alike.
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As the end of May draws near it is time to ensure employers have issued P60’s.
All employees on your payroll who are working for you on the last day of the tax year (5 April) should be issued a P60. The P60 summarises their total pay and deductions for the year.
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Effective for the 2022/23 tax year, HMRC will not accept paper submissions of P11Ds and P11D(b)s for reporting benefits and expenses. Instead, these must be submitted electronically using HMRC's PAYE online service or commercial payroll software.
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Mascolo & Styles will be closed on Monday 8th May - the Bank Holiday for the Coronation of King Charles III. We hope you enjoy the celebrations over the long weekend!
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The Office For National Statistics reported last month that from December 2022 to February 2023, the UK employment rate increased by 0.2 percentage points from the previous period to 75.8%, with part-time employees and self-employed workers driving the increase. T
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Mascolo & Styles would like to extend a big congratulations to Emma for successfully completing the London Marathon on Sunday.
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According to the Office for National Statistics (ONS), the UK economy did not grow in February of this year, which was attributed to a series of public sector strikes that offset an increase in consumer spending, despite the ongoing cost of living crisis.
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Mascolo & Styles would like to extend our congratulations to Cameron for successfully passing the Level 3 Management Accounting Techniques exam on costing with a score of 96%. This exam was administered by The Association of Accounting Technicians (AAT), the world's leading professional body for accounting technicians.
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From April 2023, workers in the United Kingdom will see an increase in their wages, as the government increases the National Living Wage (NLW) and National Minimum Wage (NMW). This will provide a boost to the incomes of millions of workers, helping them to keep pace with the rising cost of living.
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On March 22, 2023, the Office for National Statistics (ONS) released official data indicating that UK inflation had increased in February, marking the first such increase in six months.
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