If this is your first time hiring employees, you’ll want to ensure you start off on the right foot – and staff pensions are 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…
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, but not all employers need to register. Who needs to register for…
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 still an important part of the process. We thought we’d dive in and take a look at everything you need to get started paying your new member…
Some employers provide perks, known as Benefits in Kind (BiKs), to employees and directors that aren’t part of their salary, such as: Company cars used for private trips Non-business entertainment Assets bought by the company that are for private use Private health insurance Gifts which are given as a result of the employee’s performance…
