New Rules for Employment Allowance

Jul 17, 2019 | Payroll

The Government has published draft legislation for the new restrictions which will apply to the NI employment allowance (EA) from April 2020. Will your business be affected, and if so, how? Employment Allowance (EA). Since April 2014, most employers have been entitled...

Employing close family – tax efficient or tax trap?

May 3, 2019 | Accounts, Payroll

Having a spouse or your children on the payroll of your business can be tax effect as long as HMRC will wear it. Where do you stand if the taxman challenges your claim for a tax deduction? Tax deductible or not A particular area of contention between businesses and...

It’s P11D time!

May 20, 2015 | General, Payroll, Personal Tax

HMRC has released its 2014/15 benefits and expenses Form P11D plus updated guidance to go with it. Is there anything new to watch out for? P11D deadline. It’s that time of year when you need to turn your attention to preparing the dreaded Forms P11D . A form is needed...

Shared parental leave

Sep 3, 2014 | Payroll

What is Shared Parental Leave and Pay? The Government is changing the statutory pay and leave entitlements for employed parents. For babies due or adopted children matched or placed on or after 5 April 2015 there will be a new entitlement of shared parental pay and...

Benefits

Aug 14, 2012 | Payroll, Personal Tax

Benefits in Kind Definition: Employee benefits and benefits in kind (also called fringe benefits or perks) are various non-wage compensations provided to employees in addition to their normal wages or salaries. The term is used by H M Revenue and Customs (HMRC) to...