If you’re about to hire your first member of staff, then working out how to set up a staff pension is a big (and legal) priority from the minute you start hiring. As an employer, you’ll need to open a ‘workplace pension’. Who qualifies for this, and how you auto-enrol them can be a bit…
Pay As You Earn (or PAYE for short) is the process used by employers to collect Income Tax and National Insurance on behalf of HMRC. Employers make tax deductions from the wages they pay to employees, and then pay the deductions to HMRC. What makes it a bit confusing is that not all employers need…
If you’re getting ready to take on an employee for the first time, there’s a lot more to it than ‘just’ paying their salary every month, but it’s an important part of the process. They’ll certainly think so. We thought we’d dive in and take a look at what you need to do in order…
Some employers provide perks or benefits to employees and directors which aren’t part of their salary, but add value to the ‘package’ they receive. These extra perks are also referred to as benefits in kind, and can include things like: Company cars used for private trips Gym membership Assets bought by the company that…
Being the boss and making the tough decisions isn’t easy. Keeping everyone happy, motivated, and productive whilst winning new business and paying the bills is quite a juggle. Whilst our speciality is straightforward bookkeeping, we know that every part of running a business needs looking after. Even if you’re the only one that you’re the…
