adamangler
Wakefield Window Warrior
- Messages
- 4,265
- Location
- Wakefield
Was just pondering
Can someone explain how it works roughly.
Obviously if i were ever to employ i would take advice from an accountant, just for an idea
Say for arguments sake i turned over £48k per year and paid and employee £8000 a year in wages
what other costs does an employee incur? is it there class 1 Nics you pay?
also how is profit then worked out?
would there wages be a tax deductable expense ? so 48k - 8k minus whatever other expenses you have
cheers
Can someone explain how it works roughly.
Obviously if i were ever to employ i would take advice from an accountant, just for an idea
Say for arguments sake i turned over £48k per year and paid and employee £8000 a year in wages
what other costs does an employee incur? is it there class 1 Nics you pay?
also how is profit then worked out?
would there wages be a tax deductable expense ? so 48k - 8k minus whatever other expenses you have
cheers