Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.
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Checklist for challenging an HMRC business economics exercise

Checklist for challenging an HMRC business economics exerciseIf HMRC challenges your accounts based on it carrying out a business economics exercise, use our checklist to identify flaws in HMRC's assumptions and calculations. Missing incomeHMRC uses i... Read more
 
 

Staff suggestion scheme rules

Staff suggestion scheme rulesYou can reward your employees for ideas that contribute to your business tax and NI free. For the exemption to apply conditions must be met which should be set out in a special policy.Cash rewards for suggestionsLegislati... Read more
 
 

Salary sacrifice policy

Salary sacrifice policyIf you want to implement a salary sacrifice scheme in your company, make sure you insert the relevant policy in your staff handbook. Scheme particularsIncluding a Salary Sacrifice Policy in your staff handbook is important both... Read more
 
 

Product mix reconstruction

Product mix reconstructionWhen carrying out a business economics exercise, the tax inspector will often use an industry average mark-up of purchases to selling price to construct a sales figure. But this simple calculation doesn't take into account yo... Read more
 
 

Employees' incidental overnight expenses policy

Employees' incidental overnight expenses policyIf an employee has to stay away overnight on business, there are some tax and NI-free expense payments you can make. To achieve this you'll need to have a company policy in place to avoid an employee claim... Read more
 
 

Dividend waiver

Dividend waiverA dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax plan... Read more
 
 

Termination payment letter

Termination payment letterWhen making a payment to an employee or former employee relating to the termination of their employment you should provide details of the payment and any tax and NI deducted. They will need this information for their tax rec... Read more
 
 

Staff suggestion scheme record

Staff suggestion scheme recordTax rules permit employers to pay employees a tax and NI-free sum for suggestions to improve the busines. Keep a separate record of such payments to justify the tax and NI treatment should HMRC make enquiries.Log the id... Read more
 
 

Employee personal appreciation gift letter

Employee personal appreciation gift letterThere are very few circumstances in which an employee can receive tax-free cash from an employer. But a gift made "on personal grounds" or as a "mark of appreciation" might be one of them. How do you go about pro... Read more
 
 

Register of child carers

Register of child carersHMRC imposes a fairly strict record-keeping regime on employers who provide their staff with subsidised childcare as a benefit in kind. For example, the tax and NI exemption which can apply is only given where the childcare is... Read more
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