Employee Benefits
JULY 25, 2023
As of 2012, the introduction of auto-enrolment mandates all employers to provide a workplace pension. More complex aspects like varying tax relief methods and payroll integration will be covered later. Which Tax Relief Method is Used? Relief at Source pension contributions from your employee are taken after tax deduction.
Employee Benefits
SEPTEMBER 6, 2023
Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles. Are there any potential tax or legal issues ? The appeal of bikes-to-work schemes may, in part, lie in the potential national insurance (NI) and tax savings.
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Employee Benefits
AUGUST 24, 2023
Since its inception in 2012, it became mandatory for qualified employees to be part of a workplace pension. Later, we’ll discuss the criteria for an ‘eligible employee’ Both employers and employees make contributions to this pension, with contributions amounting to a mandatory minimum of 8% of the salary before tax.
Patriot Software
MARCH 13, 2019
As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. Employers must add imputed income to an employee’s gross wages to accurately withhold employment taxes.
Patriot Software
FEBRUARY 25, 2019
As an employer, you are responsible for withholding various taxes from employees’ wages. After you subtract all of the taxes and other deductions, money left over is considered take-home pay. Read on to learn more about what is take-home pay and how to calculate it. What is take home pay? Tax filing status (e.g.,
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