Karma Management provides CLEVER yet PROFESSIONAL SOLUTIONS to U.K., U.S.A and Canada payroll

Karma Management provides CLEVER yet PROFESSIONAL SOLUTIONS to U.K., U.S.A and Canada payroll

• Karma
• February 05 11:56:46, 2022

Karma Management’s  Payroll Bureau has a team of experts that can help employers manage their payrolls accurately and efficiently. “Karma Management’s  payroll team are always friendly and professional,  they enjoy what they do and this reflects in the quality of their work. They are consistent and responsive, delivering global  payroll on time and that too, every time and their services are highly commendable and this is what the global clients say.”

One of the biggest changes that Karma’s payroll team  will see in payroll for 2022/23 are the U.K. National Minimum Wage (NMW) increases. 

It is this anticipated increase that  “ensures we’re making work pay that  will keep us on track to meet our targets to deliver on time with speed and accuracy.

Yes, undoubtedly the  rise in wages could  perhaps place a strain on small-to-medium sized business, who will also be impacted by the increase in National Insurance contributions.

HOWEVER, KARMA MANAGEMENT’S PAYROLL TEAM WILL BE THERE TO SUPPORT YOU ON HANDLING OF  NATIONAL MINIMUM WAGE CHANGES.

NMW is an area where businesses inadvertently are caught off guarded .  Extreme caution is recommended, particularly before you consider deducting anything from the employees pay before they receive it, for example under salary sacrifice, or for charges to the employee or even for savings schemes such as a Christmas Club, Karma Management is there to deal with any payroll situation including  employment tax solutions

National Insurance Contributions (NICs) paid by both employed and self-employed workers will rise by 1.25% from April 2022 with the intention of helping to fund the health and social care sector.

The NMW increases are due by the 1st April 2022 and the payroll team here at Karma Management  can assist in checking you are meeting the minimum wage requirements.

Age	23 +	21 – 22	18 -20	16 – 17	Apprentice Rate
Hourly Rate	£9.50	£9.18	£6.83	£4.81	£4.81

• The next significant change is National Insurance for 2022/23 will increase by an additional 1.25%

• Employees will pay NI after the annual threshold of £9,880 at 13.25%

• Employers will pay NI after the annual threshold of £8,840 at 15.05

• For Tax Codes this tax year the personal tax-free allowance is frozen at £12,570 the first time since 2010 that the personal tax-free allowance has not increased.

• The higher rate threshold is also frozen and remains at £50,270 for 2022/23
• Employment Allowance remains at £4,000. Eligibility criteria remains the same as 2021/22.

So , here is the time for all Global Clients or domestic clients connected with “U.K. or U.S.A or Canada  Payroll “  to kindly approach us at the earliest for any of your payroll requirements whether in India or across any of the global countries.  We have a big team of payroll experts who have been in this profession for over 10 years , churning out on daily, weekly, fortnightly and monthly basis, to give quick and accurate delivery of payroll services via our state of the art tools which also contains an employee self service module and appraisal management together with mobile app attendance and above all, a chat bot.

Please get connected with our Marketing / Sales Department located at Karma House, Santacruz East, Mumbai on our board lines (022) 42 44 44 44 and you can be assured of quality and excellent payroll service