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Statutory Paternity Pay

What is Statutory Paternity Pay and when should you pay it? This accounts for paid time taken off by an employee, including you as a director, after their partner’s pregnancy or adoption to provide care, and falls under two distinctions, Ordinary Paternity Pay and Additional Paternity Pay (for ...

Statutory Maternity Pay

What is Statutory Maternity Pay and when should you pay it? All employees of yours, including you as the director, have a legal right to a minimum period of maternity leave, but they may also be entitled to a replacement salary which can cover up to 39 weeks of a potential 52 week leave. It may ...

Partnership Statement

The Partnership Statement is a statement of: the total income, losses, credits and charges of the partnership for each period of account ending in that return period, and; each partner's share of that income, loss, credit or charge. Your form will look like this:

Statutory Adoption Pay

What is Statutory Adoption Pay and when should you pay it? Your employees, including you as the director, MAY have a legal right to Adoption Leave with a replacement salary, if, prior to the week they are matched with their child they have accrued 26 weeks of work with your company. It may ini...

PAYE

PAYE stands for Pay As You Earn. It's a compulsory method of tax collection, where the employer must deduct tax from most wages and salary payments to staff. PAYE is deducted from the salary of anyone earning more than the National Insurance Threshold. Fortunately, We limit the money you take fro...

Service Address

This is a new term which came into effect on 1st. October 2009. Until that date, directors were required to state their usual residential addresses on the forms at Companies House. Now they may state a service address, which may be the company's registered office or some other address where they ma...

Self Assessment

It’s a requirement of HMRC that each director of a limited company complete a Self Assessment tax return detailing their personal finances. The return is due by 31st January each year. However, we can't stress just how crucial it is to get these filed early - as HMRC become virtually unreachable ...

PAYE Forms

P35- is a form that combines all of your employees' end-of-year payroll totals (the end-of-year for PAYE is 19th). P14- a form required for each individual employee for whom a P11 (or equivalent record) has been maintained. P60- think of this as a receipt provided to ea...

Salary

A form of periodic payment to an employee from his or her employer. When entering a salary, we'll automatically suggest a figure that you should take based on the threshold for National Insurance. See here to get more in depth.

Payment Terms

Terms that specify the number of days allowed to your client to pay off the amount due.

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