View P60


A P60 is a form that shows how much taxable salary the employee was paid in the tax year and how much tax was deducted from their wages. An employer must give a P60 to each of their employees at the end of the tax year. If the employee has to file a Tax Return,…

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View Payroll


Payroll is the total amount of wages paid by a company to its employees and other workers (freelancers and contractors). Payroll processing is an important function for any business—no matter how small. It’s likely your company’s largest expense, and the most time-consuming HR work performed each month. Payroll can be processed weekly, biweekly, semi-monthly, or…

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View Pension


A retirement plan in which an employer makes a contribution into an account each month. The contributions are invested on behalf of an employee, who may begin to make withdrawals after retirement. Typically, pensions are tax-deferred, meaning that the employee does not pay taxes on the funds in the pension until he/she begins making withdrawals.

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View Peer to Peer Lending

Peer to Peer Lending

Peer to Peer Lending (P2P) enables individuals to obtain loans directly from other individuals, cutting out the financial institution as the middleman. Websites that facilitate peer to peer lending have greatly increased its adoption as an alternative method of financing. P2P lending is also known as social lending or crowd lending.

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View P11D


The P11D is a statutory form required by HMRC from UK based employers detailing the cash equivalents of benefits and expenses that they have provided during the tax year to their directors, and employees earning at the rate of more than £8,500 per year.

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View PSA


A PAYE Settlement Agreement (PSA) allows you to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for your employees. If you get a PSA for these items you won’t need to: Put them through your payroll to work out tax and National…

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A pay-as-you-earn tax (PAYE) is a withholding tax on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns.

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View Purchase Ledger

Purchase Ledger

The Purchase Ledger is your record of purchases and expenses, whether or not you have paid them and how much you still owe. On a Balance Sheet, the total unpaid bills will be usually called Trade Creditors or Accounts Payable. The Purchase Ledger has an Account for every Supplier.

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