When it comes to benefit in kind tax, the UK tax system doesn’t have a “one size fits all” approach. While some benefits are taxable in the UK, others aren’t. Some benefits, like vouchers, may also incur Class 1 NI for both employers and employees, which is the National Insura...
Massachusetts’s UI system already ranks worst in the nation (50th) by the Tax Foundation before considering recent revelations of fraudulent claims, overpayments, and accounting errors. This is a significant competitive disadvantage for current and future employers operating in Massach...
Health and wellbeing in the workplace The quality of your employees physical health and psychological wellbeing is key to a happy, high performing workforce. Not only that, poor health ... From time to time, there may be occasions when you might have to make deductions from wages. This ca...
I will use Journal Entry to transfer the amount from the National Insurance (current liabilities under tax and national insurance) to Employer's NI Contributions (expenses under cost of labour). As the expense will be an overhead these should clear at the ...