Management accounts – the profit and loss account detailed format 2

This blog gives more details relating to the items shown in the previous blog post Management accounts – the profit and loss account basic format Expenses can be categorised into as many different categories and costs as required. In addition these can be further split by department if the reporting is required at that level. […]

Employment allowance for 2014/15

From the 6th April 2014 every business and charity (including community amateur sports clubs) will be entitled to an allowance of £2,000 to reduce their Employer Class 1 National Insurance Contributions (NIC) on both employees’ and directors’ earnings in 2014/15. To claim the allowance the Employment Payment Summary (EPS) on your payroll will have a […]