HRDownload’s Post

Anyone listening to Downtown Radio last week? 🎧 A surprising 87% of people said they’d rather skip the company staff party and get a voucher or bonus instead! 🎁💷 What are your plans this year for your staff?  Are you having a Christmas party or considering something else? Let me know in the comments below! 👇 Can’t believe we’re already talking about Christmas! 🎄 #EmployeeEngagement #StaffRewards #ChristmasPlanning #ConsultHR

Entertaining Your Employees? Here’s What to Know About Fringe Benefits Tax (FBT) As the festive season approaches, many businesses are planning events like holiday parties or team outings. It’s essential to consider the FBT implications when organising these celebrations. Key factors that affect FBT include: 🔹 Amount spent per employee 🔹 Timing and location of the event 🔹 Type and value of gifts provided 🔹 Guest list—are only employees attending, or are partners, clients, and suppliers involved? Remember to maintain accurate records of all entertainment-related benefits and how the taxable value is calculated. This will help ensure compliance and avoid any surprises later. #FringeBenefitsTax #BusinessCompliance #TaxTips #EndOfYearPlanning #WorkplaceEvents

That's what we're saying party cats - your company doesn't have to spend your party allowance strictly during Christmas. 🌴 Fancy a summer BBQ party during your quieter seasons? Or an Autumn get-together? Companies can use their party allowances on employees at ANY time of the year. It doesn't need to be season-specific either (although it does need to be a regular annual event). It's also possible to split the allowance per employee across two or more events in the year - it just means the total amount gets split. For example, if you chose to split £150/per employee across a BBQ party and Christmas party, there would be an allowance of £75/per employee at each party (it doesn't need to be a 50/50 split either). So, take your party pick - how will you spend your party allowance? Got more questions? Check out our party allowance blog in the comments for more info ⬇ #partyallowances #party #christmasparty #staffparty #company #event #benefits #taxallowances #taxbenefits #taxadviser #edinburgh #staff #employees #employer #companyperks

Have you planned your business' Christmas social event? You might not have to report anything to HM Revenue and Customs (HMRC) or pay tax and National Insurance. To be exempt, the party or similar social function must: ⭐️be open to all your employees ⭐️be annual, such as a Christmas party or summer barbecue ⭐️cost £150 or less per person This also applies to online or virtual parties. Separate locations and departments If your business has more than one location, an annual event that's open to all of your staff based at one location still counts as exempt. You can also put on separate parties for different departments, as long as all of your employees can attend one of them. Multiple annual events costing less than £150 per head combined As long as the combined cost of the events is no more than £150 per head, they're still exempt. Salary sacrifice arrangements You do have to report how much social functions and parties are worth to each employee if they are a part of a salary sacrifice arrangement. #christmasevents #workchristmasparty #worksocialevent #HMRC

Boost Morale with Trivial Benefits 🎁 With Christmas just around the corner, it’s the perfect time to show your appreciation to your team. Did you know you can give your employees small gifts and rewards without them being taxable? These are known as trivial benefits. Trivial benefits can include things like gift vouchers, Christmas hampers, or even a team meal. HMRC allows these perks as long as they cost £50 or less per employee, are not cash or a cash voucher, and are not a reward for work or performance. Use this festive season to motivate your staff while taking advantage of tax-free benefits. Get in touch to find out how we can help you implement effective and tax-efficient employee benefits. Want more tips and advice? We send detailed weekly tax tips straight to your email inbox free of charge every week. Get in touch to find out more. 📞 01257 368 963 ✉️ sayhello@woodvilleaccountancy.co.uk 🌐 https://lnkd.in/eSs6Qgnv

🎄 Are Christmas Bonuses a Thing of the Past? 🎄 As the holiday season approaches, many of us start to reflect on the traditions and perks that once marked the end of the year. One of the most talked-about topics is Christmas bonuses. For some, they’re a cherished reward—a token of appreciation for a year of hard work. For others, they’ve faded into history, replaced by team lunches, gift cards, or even nothing at all. 💡 Why are they disappearing? • Tightened budgets in uncertain economic climates. • A shift towards year-round employee recognition and performance bonuses. • A growing focus on non-monetary perks like flexibility or wellbeing initiatives. 💬 What do you think? • Are Christmas bonuses a meaningful way to reward and motivate teams? • Or have they been replaced by more modern (and perhaps effective) alternatives? Whether you’re an employer considering how to recognize your team or an employee reflecting on past bonuses, I’d love to hear your perspective. Are Christmas bonuses a thing of the past—or is there still a place for them in today’s workplace? Let’s discuss! #ChristmasBonuses #WorkplaceCulture #EmployeeRecognition #EndOfYearRewards

A holiday bonus isn’t a gift. It’s a test. A test of how well you’ve recognized, supported, and appreciated your employees all year long. Because let’s be real—gratitude that only shows up in December? Feels a lot less like recognition and a lot more like damage control. In this post, I’m breaking down why bonuses alone don’t cut it, how inconsistency erodes trust, and what it really means to build a culture of recognition beyond the holidays. #HRLeadership #EmployeeRecognition #WorkplaceCulture #LeadershipDevelopment #EmployeeEngagement #BurnoutPrevention #FierceHR #EquityAtWork #HRInsights #GratitudeInAction

No...not 🍕 or 🍩. Hey, we get it...the money needs to come from somewhere. But what is the cost of NOT giving your valued team members what they REALLY want? Suffice it to say your employees likely don't want another Pizza Friday or donuts in the break room. Think "Beyond Free Snacks"...here's "5 Workplace Benefits Your Team Actually Wants". https://lnkd.in/et9ddk96 Source: LinkedIn Talent Blog #retention #turnover #EmployeeMotivation #perks #benefits #incentives #PizzaDay

Entertaining Employees What is it? Employee entertainment, especially around the holidays, often involves parties or outings that are intended to reward staff and boost morale.   Tax Implications: ·        Completely free of tax and National Insurance contributions if it's an annual event open to all employees and costs less than £150 per head per year, including VAT. ·        If the total cost per head exceeds £150, the entire amount becomes taxable, not just the excess over £150 (you and your employees can invite your spouse, and the £150 exemption applies to them too 🙂). ·        Works for single company directors too. You and your significant other could go out for a slap-up meal on the company. ·        It’s fully tax-deductible for the company   Pros: Excellent for team building and morale. Provides a tax-free benefit to employees.   Cons: A strict £150 per head budget must be adhered to avoid tax liabilities. Only applies to official, annual parties or similar events—sporadic entertaining doesn’t qualify. Some employees will always just want the cash 🙂