2022 National Insurance Tax Increase

2022 National Insurance Tax Increase

After much speculation, it was confirmed by Boris Johnson that National Insurance contributions (NICs) will be increased by 1.25% from April 2022. The rise will affect both employers, employers and the self-employed and will mean that those above the minimum...
Home Working Tax Relief

Home Working Tax Relief

While many people will have started to return to the office in recent weeks, many will also continue to work from home. If this applies to your employees, then they may be eligible for working-from-home allowance. This allowance (or tax relief) can either be paid to them directly in their wage-slip

Understanding your Tax Code

Understanding your Tax Code

In the UK, employers are legally bound to deduct income tax from their employees in advance of wage and salary payments through PAYE (pay as you earn). Self-employed workers are subject to the same system, but instead must calculate and pay their own tax directly to...
P11Ds – Preparing for the July Deadline

P11Ds – Preparing for the July Deadline

The P11D deadline is just a few months away, which means employers that need to complete one, should be making the necessary preparations now. If this is the first time you have been required to report employees benefits or non-exempt expenses, you may be wondering...
The World of Payroll

The World of Payroll

You might think that the hard work is done once you’ve successfully recruited those brilliant new staff members, but just like everything else in business, the reality is that its only just begun. Payroll is one aspect that can be more complex than originally anticipated.