As an employer, you have a lot to think about – particularly when it comes to tax and compliance.
It’s important that you have your affairs in order and are transparent in order to comply: you wouldn’t want to risk damaging your business’ reputation by getting it wrong.
There are a range of things you may consider to make sure your financial administration is ship-shape, such as a PAYE health check to give you a thorough evaluation of your current policies, procedures and practices with recommendations for improvement.
You may also consider risk assessment reports, such as private mileage checks, or a review of business and staff entertaining, to ensure you are ready for any challenge by HMRC.
Financial administration is probably a burden you don’t want to add to your to-do list, so consider using external help to arrange dispensations, PAYE settlement agreements, taxed award schemes and the completion of P11Ds.