If you work full-time, you’re on the government’s PAYE system. This takes tax at source from your employer and allows them to pay you. But Income Tax on a second job needs to be factored in too. It’s the law – no one can escape it, whether you’re just starting out or ...
Payroll taxes are employment taxes withheld from employee wages by employers. Read more in our comprehensive guide to payroll tax.
To make accurate payments, it’s critical to be clear about the difference between pre-tax deductions and post-tax deductions, and ensure you work them out at the right point of the payroll process. 6. Calculate net pay Once you’ve worked out taxes and employee deductions, subtract them f...
Filing a tax return might sound like a complicated task, but it’s something that can really work in your favour—especially if you’re looking to get some money back. Whether you’re wondering how to claim tax return for the first time or a bit unsure about the whole process, don’t ...
Work annual events as Christmas parties and gifts for staff members in the UK – it is possible to do that in a tax-efficient way that benefits both employers and employees.
online via yourespace particulier, as well as paying your tax bills and contacting your tax office through the online messaging service (particularly handy for non-residents who aren’t able to visit their local tax office). If you work in France, you can also manage your PAYE ...
The simplest option is to set up as a sole trader, but you could also consider setting up a limited company. Rather than paying income tax, as you do as a sole trader, limited companies pay corporation tax on their profits. If you’re a higher rate taxpayer, this could work out ...
If a homeowner hires you to do construction work on their premises, they are obligated to pay you your gross total invoice. Only professional contractors registered for the scheme can pay you this way. The amount of tax the contractor deducts from your pay depends on you. ...
If you are the director of a limited company, you may need to complete a Self Assessment, depending on how you receive your income and whether you are already taxed through PAYE. Filling in a Self Assessment tax return in the UK is also an option if you wish to make voluntary Class ...
If you are the director of a limited company, you may need to complete a Self Assessment, depending on how you receive your income and whether you are already taxed through PAYE. Filling in a Self Assessment tax return in the UK is also an option if you wish to make voluntary Class ...