Tag Archives: Payroll

Common Bookkeeping Problems & How to fix them!

How to fix it blog header

Every quarter we provide our clients with a Quarterly Summary Report, this gives a summary of how the quarter has gone, with a comparison to the previous quarter. It also gives estimates for corporation tax, so you can start savings towards this, and there are no unexpected bills!  Whilst doing this we review your bookkeeping […]

Why you should consider payrolling benefits in kind

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If you provide staff with benefits in kind, such as company cars, medical insurance etc., you must report these annually to HMRC using forms P11D and P11d(b).  There’s another way to report benefits in kind – this is taxing them monthly through payroll instead. It’s called payrolling benefits in kind. Here are the main advantages […]

When do I need to set up a pension for my employees?

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The short answer for this is – probably as soon as you have employees! But of course, the reality of the ins and outs is that it’s never quite that straightforward is it! I often find it simpler to work out what doesn’t apply, and then, by power of deduction, we’ll know what does! Have […]

What is the Employment Allowance?

What is the employment allowance?

In a nutshell the Employment Allowance is a grant towards your employers National Insurance (Class 1) payments.  For the tax year 21/22 the Employment Allowance is £4000. What is Employers National Insurance Class 1? If your employee earns over the NIC Threshold (currently £8844 for 21/22) then as the employer you will pay National Insurance […]