by Steve Blissett | Jul 8, 2022 | Tax
What Are Tax Efficient Benefits-in-Kind (BiK)? Now the P11d process is fresh in everyone’s mind it is worth considering a few tax efficient BiKs. Fully Electric Company Cars The tax position for directors and employees provided with fully electric company cars,...
by David Hughes | Jul 7, 2022 | Tax
Who Pays National Insurance? National Insurance (NI) is paid by employees, employers and the self-employed: Employees pay NI on their wages Employers also pay extra NI contributions for staff The self-employed pay NI on their profits What Is The Cut That Took Place On...
by David Hughes | Apr 12, 2021 | Accounting, Tax
As the dust settles on last months budget we can look at a couple of measures in more detail. Corporation Tax Increase In 2023 As we know, the main rate of corporation tax will rise from 19% to 25% in April 2023. Only the largest 10% of companies will be affected by...
by David Hughes | Apr 7, 2021 | Accounting, Expenses, Salary, Tax
by David Hughes | Mar 16, 2021 | Salary, Tax
If you’re on this page, you may be wondering if you should be taking most of your income from salary or dividends… It’s difficult to have a one size fits all approach to setting a tax efficient salary for a director of an owner/manager company. In doing so...
by David Hughes | Mar 16, 2021 | Salary, Tax
If you’re on this page, you may be wondering if you should be taking most of your income from salary or dividends… It’s difficult to have a one size fits all approach to setting a tax efficient salary for a contractor. Especially, as there are other factors that can...
