Category Archives: Payroll

The Tax Implications of Benefits In Kind

The Tax Implications of Benefits In Kind When managing a business, it’s crucial to understand that providing benefits, perks or covering expenses for employees comes with tax implications. Completing a P11D The P11D form is an annual document submitted to HMRC by employers. It lists expenses or benefits provided to employees during the year. If […]

Autumn Statement – November 2023

Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits.   Income […]

What Is Payroll and Why Should I Outsource It?

Payroll is the process by which a business pays it employees. It covers keeping records of payments, paying taxes to HMRC on behalf of the employees and distributing money. It makes sure payments to employees are accurate and ensures that the correct statutory deductions have been made from their salaries. Payroll is a key area […]