Thanks. We use FRS102 - would the accounting treatment be the same under those rules? We also have a new lease for an office building. I was assuming that the treatment would be the same for that but this will definitely be a material amount so I guess I need to do the complicated thing with the office building?
Thank you yes - I think I've got the accounting adjustments correct? (perhaps you can confirm as we have our financial audit coming up...). It just seems odd that that leaves me with a balance on the unrealised gain/loss report. The value of the unrealised gain/loss is that value of the home currency adjustment that is now indeed sitting in the P&L. As far as I can work out it will just remain as such on my unrealised gain/loss report for ever? Seems rather odd but maybe it's a question for Quickbooks.... I think it's possible that the unrealised gain/loss report is making its calculations BEFORE taking the home currency adjustment into account, despite the fact that the report is dated the same day as the home currency adjustment itself....?
I thought the £150 per head
I thought the £150 per head can cover multiple events, provided each event is just held once a year and each is open to all staff. (Just waiting for the ricochet of the gunfire... ) Thank for your advice stepurhan, but I had already discounted including them in our £150 limit before your suggestion. Our team luches would be totally different to those events - just an opportunity to get off site with your team into an informal atmosphere, which we hoped would reap rewards in terms of working relationships. They would be limited to the lunch hour and also in terms of expense so lobster and caviar would be off the menu.
Thankyou ireallyshouldknowthisbut - that was useful advice -
It was just a question - I thought that was what this forum was supposed to be all about.
I thought in order to qualify for the annual limit per head, each event had to be open to all staff. Could a series of separate team lunches be included under the £150 per head limit? Is it enough that all staff have the opportunity to attend their own lunch and no-one elses provided that each team holds a lunch? They are really intended as the opportunity to get together in an informal pressure-free environment where conversations (work related or otherwise) that may not happen at work can take place. The intention is that this would make for a better working relationship within the teams because members would know each other better and on a different level than is possible in the normal workplace environment. We are a software development company, and a number of our programmers are heads-down, not-to-be interrupted types which makes interaction with them outside of the workplace easier at times. Thanks for any advice
No indeed not. I just
No indeed not. I just wondered, as I had been advised that such off-site team-bonding meals could be covered. I would not expect our people to be getting get rat arsed over a curry at lunch time - I think we're slightly more professional than that. Any helpful comments would be appreciated.
In our payroll software, the narrative that appears on the payslip is directly linked to an expense category. In order to simplify the allocation of salary payments, we have set up different payslip narratives, each linked to a different expense category. I wondered whether it mattered for any reason if the employee's payslip narrative was anything other than just "Salary". We could apportion the whole salary amount between the different expense categories by making the appropriate adjustments on a monthly basis - it's just that setting it up this way avoids that manual task.
Any help with answers to my initial question please?
But the employee can still benefit by saving on the tax and national insurance due on the amount of the sacrifice. Under the new rules this is the gross amount of the bike rather than the net amount, which means that the tax and NI savings are greater. Also he has the advantage of paying in installments at 0% APR.