This article outlines some of the different ways employers can reward their staff and the tax implications of each approach.
So what are the options and how do they weigh up against each other?
There are many ways that an employer can go about rewarding their staff, from gifts and bonuses to parties. Get in touch with our team to talk about employee benefits.
With changing thresholds, lack of definition of trivial benefits, the tax treatment of directors, other employees and confusion about what is and isn’t taxable benefit, it would be a good time to get in touch with us to find out more before the festivities start, rather than after the event. Talk to us today about rewarding your staff.
If you would like to know more about PKB’s range of tax and accountancy services, please Contact Us.