Difference between revisions of "Associated Costs"
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'''Associated costs''' are defined in Clause/Article 36 of [[FairShares Articles of Association]]. They include the costs associated with a given amount of [[Pay]], such as employer's and employee's National Insurance Contributions (NIC), healthcare, childcare, staff club, and any other benefits deducted from pay. A company may want to add provisions they make for sickness, maternity, paternity and other statutory benefits, and any costs associated with PAYE (Pay-As-You-Earn) income tax. | '''Associated costs''' are defined in Clause/Article 36 of [[FairShares Articles of Association]]. They include the costs associated with a given amount of [[Pay]], such as employer's and employee's National Insurance Contributions (NIC), healthcare, childcare, staff club, and any other benefits deducted from pay. A company may want to add provisions they make for sickness, maternity, paternity and other statutory benefits, and any costs associated with PAYE (Pay-As-You-Earn) income tax. | ||
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| + | Associated Costs are deducted from [[Profit]] to calculate the [[Surplus]] in each accounting period. | ||
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Return to the [[FairShares Glossary]] | Return to the [[FairShares Glossary]] | ||
Latest revision as of 11:18, 3 February 2021
Associated costs are defined in Clause/Article 36 of FairShares Articles of Association. They include the costs associated with a given amount of Pay, such as employer's and employee's National Insurance Contributions (NIC), healthcare, childcare, staff club, and any other benefits deducted from pay. A company may want to add provisions they make for sickness, maternity, paternity and other statutory benefits, and any costs associated with PAYE (Pay-As-You-Earn) income tax.
Associated Costs are deducted from Profit to calculate the Surplus in each accounting period.
Return to the FairShares Glossary
