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From April 2025, there will be significant changes to Class 1 (Secondary) Employer’s National Insurance Contributions (NICs): • The Employer’s NIC rate will increase from 13.8% to 15%. • The Employer NIC threshold (the salary above which Employer’s NIC is payable) will drop from £9,100 to £5,000 per year. Employment Allowance Employment Allowance (EA) increases […]

From April 2017, the legislation changed in how landlords receive tax relief on finance costs including mortgage interest. The legislation has been gradually implemented over a 4-year period from 2017-18 tax year to 2020-21.

Owner manager companies are usually ‘close companies’ that is ‘under the control of: (a) five or fewer participators, or (b) participators who are directors’. For most small, limited companies, ‘participators’ means ‘shareholders’. However, the legal definition is broader in that a ‘participator’ can be anyone (or their associate) with a financial interest in the company […]

From April 2025, there will be significant changes to Class 1 (Secondary) Employer’s National Insurance Contributions (NICs): • The Employer’s NIC rate will increase from 13.8% to 15%. • The Employer NIC threshold (the salary above which Employer’s NIC is payable) will drop from £9,100 to £5,000 per year. Employment Allowance Employment Allowance (EA) increases […]

In the intricate world of retirement planning, one size certainly does not fit all. As a small business owner or a director of a family-run enterprise, your financial future deserves a pension scheme tailored to your unique needs and ambitions. Keep reading to learn about the Small Self-Administered Scheme, or SSAS, a pension scheme that […]

When a customer purchases an item or service from a business an invoice confirming the amount to pay should be raised either at the time of ordering or after delivery. If the seller is VAT registered a specific type of invoice is required to charge VAT on sales or reclaim the VAT charged for goods and […]