Full guide to payroll tax codes
What is a tax code? A tax code is a crucial component of the UK’s PAYE system. It dictates the amount of income tax an employer should deduct from an…
Business Tax Avoidance vs Tax Evasion
Taxation is one of the most significant obligations for any business, especially when staying compliant with HMRC and following payroll guidelines. Understanding the nuances between tax avoidance and tax evasion…
Is tax payable on redundancy payments?
Companies restructure, roles evolve, and sometimes, positions become redundant. When an employee faces redundancy, it often comes with a severance package, including redundancy pay.
How and why tax codes change
As an employer, understanding why your employees’ tax codes might change is essential for ensuring accurate payroll management and compliance with HMRC. Changes in tax codes can occur due to…
Employers Guide to Limited Company Dividends
Dividends are an important financial tool for limited companies. They enable owners to reward shareholders for their investment and provide a tax-efficient form of remuneration for company directors. This guide…
Registering your Benefits in Kind for the coming tax year
Taxable benefits, commonly known as ‘Benefits in Kind’ are expenses and benefits provided to employees by their employers. Most BIK’s (Benefits in Kind) need to be reported to HMRC, unless…
