If you operate more than one limited company, you need to be careful with the Employment Allowance. HMRC regularly recovers claims where employers didn’t realise their companies were connected. These errors are costly, avoidable, and rarely spotted until after the allowance has already been used. The Employment Allowance in brief Employment Allowance allows eligible employers…
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Here’s how Rachel Reeves’ second budget will affect personal and payroll matters (assuming that it all comes into being): Headline announcements The rates of income tax and National Insurance Contributions (NIC) for employees will remain the same as promised. The income tax band thresholds will now be frozen until 2031 which will mean that over…
Here’s how Rachel Reeves’ first budget will affect personal and payroll matters (assuming that it all comes into being): Headline announcements Taxation & wages for salaried people. The rates of income tax and National Insurance Contributions (NIC) for employees will remain the same as promised. The income tax band thresholds will rise in line with…