The way your tronc is structured depends on many variables and can be complex and seem to be ever-changing. Getting the right advice from the outset is crucial or your business could be at risk of getting it wrong.
- Who will be the Troncmaster and Deputy Troncmaster?
- Who decides on the allocation rules?
- Which members of staff will be included as members of the tronc?
- Who will hold the pooled funds?
- How will payments be made – as part of existing PAYE or as a new PAYE?
Troncmasters not only provide consultancy advice that will support you to set up your tronc, we can also act as the troncmaster, ensuring independence in the allocation of tips, and can even make payments for you with our Tronc Complete service.