We are only three months into 2022 and many businesses are making employees redundant. If this is something you are considering for your business, there are many things to think about.

With business prices soaring, many big businesses are trying to cut their outgoings by making staff redundant. If this is something you are considering for your business, there are a few different things to think about. Whether this be the types of termination payments or the tax, you need to know what is best for your business

In our latest guide, we’ll highlight some areas to consider.

You can download the full guide here

For more information, please see our latest guide. Our guide gives helpful guidance on:

  • Two types of termination payments
  • How tax is applied
  • Costs about to increase
  • How the PENP calculation works
  • Long-term planning

You can download the full guide here

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Any questions?

If you’d like a meeting or a video call to discuss this, please get in touch with your favourite Liverpool accountant