If a member of your staff asks for extra holiday – what do you say?
Your gut reaction will probably be No!
But if you allow the staff member to BUY holiday from you then it could work to your advantage. In today’s job market it can be expensive and time consuming to find the right people to join your team. Allowing staff to buy more annual leave can help you to retain staff and improve morale.
So what are the benefits to you?
You will save the cost of the salary for the days bought and 13.8% employer’s national insurance on top of that.
You may reduce the number of days absence for family emergencies or sickness.
To make this work you need to make sure that you could apply this to all staff if requested. A maximum number of days should be agreed to … Read More »
If you have employees then by now you should be filing on-line payroll returns every time you pay your employees. From 6 April 2013 employers started reporting payroll information to HM Revenue & Customs (HMRC) in real time. You may see this referred to as Real Time Information – or RTI. This means that employers (or their accountant or bookkeeper) have to:
send details to HMRC every time they run the payroll and pay an employee, at the time they pay them
use payroll software to send this information electronically as part of their routine payroll process
But we don’t have any employees!
Really? Are you sure?
Think very carefully about all of the people you make payments to. Are you really sure that they are self-employed?
Now that I have planted a seed a doubt in your mind take a look at the Employment Status … Read More »