I have setup new IT consultancy LTD company, i am going to hire the employees with minimum monthly basic salary. Each employee will work with my client, and based on their revenue, i'll keep the small margin, rest of difference will be paid to employee. My question, how the difference amount will be paid to employee account.
For example,
Monthly revenue from employee 10k + vat
My commission -3k
salary to employee - 2k including NI.
After deduction of comm + salary total is 5k. --> From ltd company, is it possible to pay 5k directly to their employee personal account?
Please advise, how to represent this transaction in account? Appreciate your reply?
For example,
Monthly revenue from employee 10k + vat
My commission -3k
salary to employee - 2k including NI.
After deduction of comm + salary total is 5k. --> From ltd company, is it possible to pay 5k directly to their employee personal account?
Please advise, how to represent this transaction in account? Appreciate your reply?
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