You may have heard the term “salary sacrifice” on occasions and wondered what it is. Have you ever wondered if you should participate in the scheme either as an employee or an employer? Basically, is salary sacrifice a good idea? What is Salary Sacrifice? Salary sacrifice schemes are not a new thing and have […]
Search Results for: employee benefits
11
Feb
Feb
Businesses have a lot on their plate now! You have had a lot on your plate for the last two years. But our world is changing rapidly or so it feels. So how is your business going in 2022? This year has brought different challenges. There is the threat of the “great resignation” where workers […]
Employee Benefits, HM Revenue & Customs, P11d, Tax Tips
Christmas gifting and parties – What are the tax implications?
26
Nov
Nov
Entertainment Expenses – what is tax deductible? It is common at this time of the year to see a lot more gifting and partying. It is after all the festive season. The costs of parties and gifts can be a tax allowable expense and any VAT can be claimed back if it relates to employees. […]
03
Sep
Sep
The coronavirus pandemic forced all of us to adapt to a new way of living, but many of us also had to adapt to a new way of working. Though the percentage of remote workers has been steadily growing for over a decade, the past 18 months saw a massive increase, with over 19.5 million […]
01
Jun
Jun
The PSA mechanism allows you to make one annual payment to HMRC which will cover the tax and all national insurance due on the expense or benefit.
10
May
May
The answer normally is what on earth is a form P11d? This is a form which is used to report to HM Revenue & Customs (HMRC)
20
Apr
Apr
You many find familiarity in this or know of someone at home or at work who is having a difficult time at the moment.
Employee Benefits, National Insurance, P11d, Payroll
Say Thank you for your team in a tax efficient way
14
Dec
Dec
Here we remind you that you can say thank-you to your team without adding the burden of tax either to yourselves or your staff.
06
Jul
Jul
This July is like no other and many businesses will have changes and challenges to deal with over the coming months.
We do not think it will be all bad because every major shock in the past has brought opportunities
The festive season is now in full swing and over the next few weeks businesses will be having parties and other festivities as a way of thanking their staff