2022 National Insurance Tax Increase

2022 National Insurance Tax Increase

OCT 2022 UPDATE: Please note that in October, the Government subsequently announced that the NIC increases outlined below would be reversed from 6 November 2022 and the associated Health and Social Care Levy, due to be introduced in 2023 will be scrapped. Dividend...
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...
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.