With the introduction of auto enrolment, employers of all sizes have been compelled to choose pension schemes for their staff. In doing so, they are making a financial choice that affects the long term interests of their employees.
Around this time of year, lots of small business owners are doing their self assessment tax returns – in case you haven’t heard, the deadline is 31st January.
Often, even in simple cases with no other income, the self-assessment calculation comes out a pound or two different from the figures on the P60. In week 53 cases (which I’ll explain later) the difference can be significantly higher. The obvious question is, which is right?
In the past, we’ve kept our views quiet and let our work speak for itself. Naturally, some customers want to know a bit more about us and why we make the choices we do, so this new blog is a place for topics not strictly related to getting your payroll done.