by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
If you are running payroll for your accounts. Whether it is for Director’s or for Staff you should be entering in the relevant costs and liabilities into the accounts. We create a payroll journal so we can see the relevant cost of the payroll in the Profit and...
by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
Holiday accruals are where you earn holiday entitlement based on the number of hours you work. Perfect for employees who have irregular hours. So how is your holiday entitlement calculated? 1) For every hour you work you earn a percentage of your pay rate towards...
by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll
If you have staff or pay yourself a director’s salary it is important to use a payroll software which is HMRC compliant. Your payroll will show a Gross payment to each staff member and will deduct tax and national insurance to give a Net figure. The following...
by Lisa Dickson | Mar 29, 2015 | Bookkeeping 101, HMRC and tax, Payroll
If you employ anyone under 21 years old you will no longer have to pay Class 1 secondary National Insurance contributions on earnings up to the new Upper Secondary Threshold (UST) for those employees. The employee will still continue to pay employee NICs. This change...
