Touched upon above, you can and should include minor expenses and benefits in your PSA, such as small birthday presents for your employees, health club memberships, expenses deemed to be personal yet incidental, or even a present, flowers, or a voucher should an employee fall ill. You may also include irregular and impracticable expenses or benefits. Irregular expenses or benefits are self-explanatory and can be applied to non-minor expenses or benefits provided to your employees infrequently, under no set pattern. For example, if you provided an employee with free use of your company holiday apartment once in , once in , and once again in this would be seen as an irregular benefit, and fall under PSA. If you let the same employee stay in your company holiday apartment every summer, however, this would be seen as a regular benefit. For example, a PSA for tax year must be received by 6 July
This letter is an agreement letter which indicates the conditions and guidelines regarding the transfer of funds from one party to the other. The important viewpoints of such a letter include the amount, time, interest, and other similar aspects. Customarily, it is an employer and employee or former employee who are the contracting participants to a settlement agreement. These letters can be agreed upon by the employee and the employer so that both parties are satisfied and the perspectives of both the parties are stated. The Settlement Agreement letters are legally binding and can be used in the court of law for any dispute between the parties arises. The terms and conditions mentioned in a Settlement Agreement letter are mutually agreed upon by both the parties. Both the parties before finalizing negotiate terms and conditions given in the letter.
There are several reasons people get in over their heads in debt, and some of these reasons are good for getting debt settlement. The best way to start reducing the amount they have to pay is to send a debt settlement agreement letter to their creditors. The letter needs to clearly state the hardships that have caused the debtor to be unable to pay his or her debt. There are several legitimate hardships for getting behind on debt payments including:. When writing the letter, the borrower should remember that the creditor has the right to agree or deny a reduction in debt and accept a lower amount.