We are delighted to have provided financial due diligence and buy side advisory services for GC Investment Partners’ acquisition of Dukeshill Ham Company Limited. … Read more
Certain companies in groups with FCA regulated entities are not eligible for the small companies audit exemption. Find out more. … Read more
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A tronc, also known as a tronc scheme or tronc system, is a special payment arrangement that lets businesses fairly distribute staff tips, gratuities and service charges given by customers.
A tronc system managed by an independent troncmaster provides an exemption from National Insurance Contributions, offers significant savings to employers and staff, and ensures transparency across tipping.
For all you need to know about tronc schemes and to download our FAQ guide, click below.
If you’re already up to date with the ins and outs of a tronc scheme, you may be ready to take your first step towards fairer tipping. From start-ups to large chains, find out how Buzzacott can support your business through the construction and implementation of a bespoke tronc scheme.
Incorrectly managing a tronc could open your business up to bad press or even financial penalties. Ensure your tronc arrangement is being distributed correctly by carrying out a tronc audit.
We review your existing processes and provide a detailed report that highlights if your arrangement correctly provides an exemption to National Insurance Contributions, complies with National Minimum Wage and National Living Wage obligations and ultimately meets the demands of HMRC. Read more about how a tronc audit can benefit your business below.
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