Payroll

This category contains 7 posts

I’M THE BOSS – WHAT SHOULD I PAY MYSELF?

[Putting this out late in the tax year (we are in August!) because so many new businesses are being started post COVID-19 lockdown.] Most tax efficient salary for directors in 2020/21 is £8,788 per annum. This equates to £732 per month or £169 per week. You may top up with dividends. HOW IS THE TAX … Continue reading

Job Retention Scheme – Note to Clients

As you may already know, the Job Retention Scheme starts 20 April, 2020. Please ensure you correctly document and evidence any claims that you may make for the Coronavirus Job Retention Scheme (JRS) grants in respect of your furloughed employees if you wish to avoid any future audit challenges from HMRC in respect of these … Continue reading

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