Employer supported childcare, commonly by way of childcare voucher, is for many employers and employees a tax and national insurance efficient perk. We consider the implications of this type of benefit on the employer and employee.
Automatic enrolment legislation will affect all employers with at least one member of staff in the UK. An employer’s duties will “switch on” from their staging date. By now, many small businesses have received their letter from the pensions regulator with their staging date. If you don’t know yours yet, please contact us and we can confirm this for you.
How can I extract funds through a limited company in the most tax efficient way ?
In this article we address one of the most common questions we receive from business owners – how do I pay myself and make sure I minimise the amount of tax and national insurance ?
The options outlined below incorporate the significant changes to the way that dividends are taxed and the restricted availability of the employment allowance which were introduced from 2016-17.
EMI and SIPs
Retaining and motivating staff are key issues for many employers. Research in the UK and USA has shown a clear link between employee share ownership and increases in productivity. The government has therefore introduced two ways in which an employer can provide mechanisms for employees to obtain shares in the employer company without necessarily suffering a large tax bill.