Earnr AI, your new tax assistant, is here. Check it out now!
Stressed by tax?
Get Earnr Pro
Taxionary

Employee

[ˌɛmplɔɪˈiː]

Term

Summary:

An Employee provides a business with their time and skills for payment in return. They usually have simple tax obligations.

More detail:

An Employee is an individual who works for a business or organisation in exchange for payment, usually in the form of a salary or a wage. Employees are a key part of any business and perform a various selection of roles.

Employees sign a contract with their employer that sets out their terms of employment. Employees are legally entitled to certain workplace benefits but have less flexibility than the Self-employed.

Some Employees may need to file a Self Assessment, but most have their Income Tax and National Insurance sorted through a system called Pay As You Earn (PAYE).

Back to Taxionary

You might also like...

decorative image for a blog

Submit your 22/23 Tax Return Before January 31st

January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.

Read more
decorative image for a blog

We asked Earnr AI why you should use Earnr…. here’s what it said…

We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!

Read more
decorative image for a blog
December 20, 2023
Tax essentials

Why should you submit your tax return over the Christmas period?

The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.

Read more
Earnr logoDownload earnr