We calculate the relevant tax and National Insurance owing on the company
payroll scheme and track the accumulating tax owing to the inland revenue on
your web site. Once a month you can check your site to see how much the company
owes the employees (usually you) and how much tax is owing. All you have to do
is write a couple of cheques.
Even a one-person company has to pay a minimum wage,
rather than just drawing dividends (which is more tax efficient).
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