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Posts Tagged ‘Payroll’

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Sub-contractors in the UK

Wednesday, February 23rd, 2011

What is a sub-contractor in the UK?

A UK sub-contractor can either be self-employed (invoicing in his own name), or work through an intermediary – usually his own one-man band UK Limited Company.  By this I mean he may be the sole director or shareholder, or his wife/husband/partner may also be involved.  The main reason why an individual would invoice though his own company would be to withdraw profits by way of dividends rather than through a UK payroll, and thereby avoid Employers National Insurance.

Basically – a way of avoiding a permanent employment relationship and Employers National Insurance (social security). (more…)

Tags: Payroll, sub contractor, uk branch, uk business, UK Employment, uk ltd
Posted in Australia, Canada, New Zealand, UK accounting, USA | 1 Comment »

Checking your monthly UK payslip – A simple guide

Wednesday, September 8th, 2010

When the payslip arrives at the same time each month the majority of us tear it open to see if a miracle has occurred and the bosses have kindly decided to overpay this month. When you realise that this is not the case and it’s the same as every other month it will go into the drawer with all the others never to be considered again. The assumption is made that the tax payments are dealt with and as such will be correct. A few simple steps however can confirm whether this is the case or not. (more…)

Tags: Payroll, Payroll & Benefits, UK International payroll, UK PAYE, UK Payslip
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off

Form P86 withdrawal – UK international payroll

Monday, June 7th, 2010

On responding to a recent enquiry, I thought it may be opportune to note that the UK Form P86 is no longer required.  (A normal starter form – P46 – is to be used instead). (more…)

Tags: Payroll, UK International payroll, UK Inward Investment
Posted in Australia, Canada, France, New Zealand, News, popular, UK accounting, USA | Comments Off

Extracting profits from a company

Thursday, January 28th, 2010

Whether you are considering extraction of profits from a company on a tax year basis or aligned to the company year end, there are a number of issues that should be considered. (more…)

Tags: Dividends, National Insurance Contributions, Payroll, Pension Benefits, Pension contributions, tax planning
Posted in UK accounting | 1 Comment »

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