Category: Uncategorised

  • Simplified PAYE for domestic employees

    If you employ domestic staff in your home like nannies, gardeners, cooks, maids or chauffeurs you may be treated as their employer. This means you must register as an employer and you may have to deduct Income Tax, National Insurance contributions (NICs) and possibly student loan deductions from the money you pay them. You may…

  • Payroll calculations and records: an introduction

    As an employer you’re required to keep records of pay, tax and National Insurance contributions. For each employee that you make a payment to during the tax year, you have to prepare and maintain a form P11 or equivalent payroll record (either electronic or paper) if their earnings are above a certain level or if…

  • File your Employer Annual Return: P35 and P14s

    Your Employer Annual Return is due by 19 May following the end of the tax year. Filing your return online is quick, easy, convenient and secure – and it’s a requirement for almost all employers. This guide lists the different ways you can file your return online, and sets out what you need to do…

  • Using HMRC’s Basic PAYE Tools

    Basic PAYE Tools is a computer software package provided by HM Revenue & Customs (HMRC) to help you run your payroll throughout the year. You can use this free tool to work out the tax and National Insurance contributions for your employees in each pay period and, if you have up to and including nine…

  • How to calculate and recover Statutory Sick Pay

    Statutory Sick Pay (SSP) is paid to employees who are unable to work because of illness. As an employer you’re responsible for paying SSP to employees who meet certain ‘qualifying conditions’. You can use free SSP calculators provided by HM Revenue & Customs (HMRC) to calculate how much SSP to pay an employee and to…

  • Choosing a payroll system

    Managing payroll is a key task for any employer. It involves paying your employees correctly, making deductions for tax and National Insurance contributions and keeping proper records of all this. You can handle payroll in-house, or you can outsource it. If operating payroll in-house, there are significant advantages to using electronic payroll software rather than…

  • Rates and thresholds for employers

    The tables in this guide show the rates and thresholds that apply when you operate your payroll or provide expenses and benefits to your employees. Unless otherwise stated, the figures quoted apply between 6 April 2012 and 5 April 2013. PAYE tax and Class 1 National Insurance contributions (NICs) National minimum wage Statutory maternity, paternity…

  • Expenses and benefits: the basics

    If you provide your employees with anything other than pay, it may count as an expense or benefit. If so, you may have to report it to HM Revenue & Customs and pay tax and National Insurance contributions on it. This guide explains the basics of the expenses and benefits system. It outlines what your…

  • Copyright for your business

    What does copyright cover? How can copyright help my business? How do I get copyright protection for my work? Copyright infringement Copyright protection Database right protection Contractors and copyright Here’s how copyright law helps me protect my intellectual property

  • Intellectual property crime and your business

    What is intellectual property crime? Protecting your intellectual property rights Intellectual property infringement – reporting intellectual property crime Protecting your business from intellectual property crime Intellectual property crime in the workplace

  • Digital intellectual property and your business

    Digital assets explained The rules on digital intellectual property How can you protect your digital intellectual property Using other people’s digital assets Licensing, contracts, jurisdiction and enforcement Intellectual property in specific sectors

  • Floating on the stock market

    Floating your business on a stock market involves selling a percentage of your business in the form of shares, which are subsequently traded. There is a choice of stock markets in the UK, but the two largest are the London Stock Exchange and PLUS Markets Group. Joining a stock market turns your business into a…