Big news for business owners—employing staff is about to get pricier. From April 2025, employers’ National Insurance (NI) contributions are going up, which means higher payroll costs for many businesses. But don’t panic just yet! There’s some good news, too—the...
As an employee, you might find that you incur certain expenses while doing your job. The good news is that you may be entitled to claim tax relief on some of these costs, helping to ease the financial burden. But...
Most of us have been guilty of getting our payslips and not paying them too much attention (as long as our wages come in!), but there is some important information on those slips that is worth paying attention to. In...
What is class 1A NICs If you’re the kind of employer that loves lavishing their employees with benefits in kind, then firstly, how do we apply for a job? And secondly, you should probably be aware of Class 1A National...
If trying to wrap your head around benefits in kind, when it comes to company cars and vans, is driving you crazy, then the team at HRD are here to make things simple and show you why an electric or...
Here at Henry R Davis, we use a variety of accounting software but the one we prefer and recommend to Clients is Iris OpenSpace. Openspace is simple and innovative and makes keeping on top of your accounts simple and straight-forward....
We know taxes and forms can be a bit daunting, but the team at HRD are here to help! Today, we’re diving into the world of P11D forms – but we promise to keep it easy to understand. So, What...
Not so trivial – What is a trivial benefit? A trivial benefit is a tax and national insurance free employee benefit that is small in value (hence the name ‘trival’). They must cost you £50 (including VAT) or less to...