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some simple steps to consider include: understanding what you may be expected to pay before it becomes necessary including establishing what employment contracts, staff handbooks etc say establishing whether any local custom and practice has been established as a result of previous redundancies etc seeking tax advice before engaging in employee discussions both to understand the opinitial position but also to discuss any methods of mitigating the t /nic due considering formal hmrc clearance for redundancy schemes at an early stage taking care around communications with employees, unions and even press releases i can't promise that these steps will always reduce the tax bill but they should at least help to avoid the shock of an unexpected one arising in the future .
- Redundancy pitfalls 2008-10-15 23:39:15