Factsheets.
A library of concise summaries of information. Pick a category below or search for a specific topic — and please contact us if we can provide further help and guidance.
All factsheets
Cars for employees
These are commonly referred to as company cars and are taxed by reference to the list price of the car but graduated according to the level of its carbon dioxide (CO2) emissions. We outline the main areas to consider and the tax and national insurance implications. If your busine
Employee Expenses
An exemption regime applies for employee expenses. At Finance Wise Accounting Ltd, we can provide guidance on the rules which, if the necessary conditions are met, result in the expenses being tax exempt and non reportable on form P11D in the London area.
Employer supported childcare
Childcare and employer provided childcare vouchers are very popular with both employers and employees alike. If your business is in the London area or you are employed in the area we, at Finance Wise Accounting Ltd, can advise you on the exemptions available for employer supporte
Employment benefits
We consider some of the main benefit rules that apply to directors and employees. If your business is in the London area or you are employed in the area we, at Finance Wise Accounting Ltd, can advise you on the benefit rules.
Homeworking and tax relief for employees
Homeworking is the norm for many employees but how do the rules work with regard to the tax and what expenses are deductible? If you are an employer or employee in the London area we, at Finance Wise Accounting Ltd, can advise you on the expense rules.
National insurance
The National insurance contributions (NICs) regime is complex and represents a significant 'tax' on employers, employees and the self employed. It is very easy not to pay the correct amount of contributions. If your business is in the London area we, at Finance Wise Accounting Lt
Payroll - basic procedures
Here is an outline of what you need to do to set up and run your payroll. If your business is in the London area we, at Finance Wise Accounting Ltd, can help you to set up and run your payroll or we can run your payroll for you.
Payroll Real Time Information
The Real Time Information requirements are wide ranging and potentially onerous on employers. We provide a summary below. If your business is in the London area we, at Finance Wise Accounting Ltd, can help you to set up and run your payroll or we can run your payroll for you.
Share ownership for employees - EMI
The Enterprise Management Incentive - EMI - enables share options to be granted to employees which will allow shares to be received at a later date without any tax bill arising until the shares are sold. If your business is in the London area we, at Finance Wise Accounting Ltd, c
Travel and subsistence for Directors and employees
We summarise the main areas to consider in deciding whether tax relief for travel and subsistence expenditure is available. If you are an employer or employee in the London area we, at Finance Wise Accounting Ltd, can advise you on the expense rules.