Hi All
Just set up as limited company. Myself & bus ptnr & 2 others, we are all employees of the co but I have a few qs regarding payroll & expenses.
Does anyone have a excel template for paying weekly wages? I've downloaded revenue tax deduction card but I just want something basic to work it out. I've checked online but all the calculators seem to work it out annually. Can anyone recommend a very inexpensive/easy to use payroll package for the new year? – we are not in a position to outsource at the moment.
Our main focus is to pay two oths first. I've heard its best to agree to pay ourselves min wage (if when/ cash is there) and then work out our paye/prsi returns based on this every mth? Is employer prsi (10.75%) payable on all of the wage (gross)?
Re expenses: I've heard “wholly & exclusively” for the business but what exactly does this cover – lunches, petrol, ph credit, tools, parking?
If you use own car/van, & you claim mileage – do you have to use civil service rates or can you agree a rate yourself (any idea what would be considered a reasonable c per mile?). Does mileage include tolls, petrol, maintenance etc or is this on top of mileage rate?
If use company van (co pay tax & ins) can you claim for petrol, tolls etc?
I know we need to get prof advice but this is really early days and we really just cant afford it right now. I'm just looking for some guidelines to start us off.
Just set up as limited company. Myself & bus ptnr & 2 others, we are all employees of the co but I have a few qs regarding payroll & expenses.
Does anyone have a excel template for paying weekly wages? I've downloaded revenue tax deduction card but I just want something basic to work it out. I've checked online but all the calculators seem to work it out annually. Can anyone recommend a very inexpensive/easy to use payroll package for the new year? – we are not in a position to outsource at the moment.
Our main focus is to pay two oths first. I've heard its best to agree to pay ourselves min wage (if when/ cash is there) and then work out our paye/prsi returns based on this every mth? Is employer prsi (10.75%) payable on all of the wage (gross)?
Re expenses: I've heard “wholly & exclusively” for the business but what exactly does this cover – lunches, petrol, ph credit, tools, parking?
If you use own car/van, & you claim mileage – do you have to use civil service rates or can you agree a rate yourself (any idea what would be considered a reasonable c per mile?). Does mileage include tolls, petrol, maintenance etc or is this on top of mileage rate?
If use company van (co pay tax & ins) can you claim for petrol, tolls etc?
I know we need to get prof advice but this is really early days and we really just cant afford it right now. I'm just looking for some guidelines to start us off.