Tax and NIC

Are you making the most of your tax allowance?  Are you married or in a civil partnership? I hope you don’t mind the question, but if you are married or in a civil partnership you could save yourself some money by paying a little less tax. The government introduced the Marriage Allowance from 6th April […]

Since April 2016 the Employment Allowance has been £3,000 per tax year for all employers with the exception of single director businesses. This is due to change again from the 2020-21 tax year, as with the previous change this will benefit some business and disadvantage others. What is changing? The Employment Allowance is now worth

The personal tax allowance for 2017-18 will be £11,500, for individuals with this tax allowance the code will show as 1150L. Although this is due to be the standard tax code for 2017-18 some individuals will be on a different code depending on their circumstances, have a look at our tax codes article for more

Have you ever wondered what your tax code means, and why you may have a different code to your friends or colleagues, as if you have nothing else to talk about in the canteen. Some parts of the tax code are more obvious than others but we hope that this article helps explain things so

In the 2015 Autumn Statement it was announced that there would be changes to the Employment Allowance from the 2016-17 tax year.  On the most part these changes are good for small businesses though single director businesses will lose out. The Good News The Employment Allowance is rising from £2,000 to £3,000 per tax year from

Or that is what the adverts say. Unfortunately this is not always the case but as an employer you can help by ensuring you have provided your employees with all of the required information.  All employers are legal obliged to provide any individuals in their employment on the 5th April each year with a P60

In the Autumn Statement 2013 the Government announced plans to make employing younger people more affordable for businesses. From the 2015-16 tax year there secondary (employer) national insurance contributions will be abolished for employees under the age of 21 earning below the Upper Secondary Threshold, currently (2015-16) equal to the Upper Earnings Limit. Employees under

With only two months left of the current tax year you need to make sure you have submitted your claim for the £2000 Employment Allowance that many employers are entitled to.   This allowances reduces your employers Class 1 National Insurance liability, if your Class 1 NI bill is less than £2000 you won’t pay a