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Our top tips for taking on your first employee

2015
18
MAY

New employee

If you are thinking about taking on your first employee there are some things you need to do

  • Calculate how much it will cost you - you must pay your employee at least the minimum wage.  NEVER offer a net salary, ALWAYS offer a gross salary as that is what it will cost you plus 13.8% employers NI.
  • Ensure the new employee can legally work in the UK
  • Arrange employers liability insurance
  • Provide your employee with a written statement of employment
  • Register as an employer with HMRC before the first payment to your employee is due
  • Calculate your employee's net pay ensuring you deduct the correct amount of tax and NI from their pay and taking account of any previous earnings during the tax year
  • Ensure you pay the tax and national insurance deductions you have taken from the employee to HMRC together with your employer's national insurance contributions by the due date

 

Related Tags:  Business |  HMRC |  Payroll | 
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Unit 21 Portway Business Centre
Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

e: info@sandrasilk.co.uk
t: 01722 341820