Payroll & PAYE

Payroll And PAYE - Step-By-Step Guide For First Time Employers!

Payroll and PAYE – A Complete Guide For First Time Employers

In the event that you have arrived at the phase of expecting to arrange a payroll site and running PAYE fills you with fear. Then again in case you are concerned that you simply don’t realize enough to get things right. A basic check rundown will assist you with understanding it’s not as overwhelming as …

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Employer Payment Summary

Employer Payment Summary – Overview

Being an employer, you are required to submit an employer payment summary (EPS) to report values to HMRC that you were unable to include in your full payment summary (FPS). It is used to:   Reclaim statutory maternity, paternity, adaptation, and parental payments. Recover the construction industry scheme (CIS) deductions. Claim for Employment Allowance (once …

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take home pay uk

How Will my Take home Pay UK be Affected by IR35?

If you’re an independent contractor and want to save taxes, you should work through a limited company. This process tends to be productive for those contractors who’re considered to be outside the Intermediaries Legislation (IR35). On contrary, if you are caught inside IR35, most probably you’d be paying more taxes. Before discussing how take home …

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what are employee benefits

What are Employee Benefits and How they can be Tax-efficient?

Everyone loves benefits. They are essential for the overall success of your business. As they help employers to get the best talent for their business. But do you know, you have to pay tax and national insurance against the benefits you pay. Therefore, your payroll system needs to be effective for dealing with employee benefits. …

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business tax

What Business Tax Do you Need to Pay by 31st January 2021?

The self-assessment deadline needs to be met by 31st January 2021 (midnight). You’ll definitely be getting a penalty if you don’t file the self-assessment on time. The late filing penalty on delaying self-assessment and hence delaying business tax is around £100. If you convince HMRC with a reasonable excuse, the late filing penalties may be …

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