Have you noticed your employment income go up this month?
This may well be because the National Insurance rates have fallen, which although small changes, could mean some tax planning is required.
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National Insurance
All the leaves are brown
The Autumn statement has been announced and perhaps the most surprising part for many was the fall in Employee National Insurance. It was anticipated that this would fall, but it has been cut more than some predicted; by 2% (from 12% to 10%).
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Erase and rewind.
After a dizzying few weeks in British politics, which have seen an almost complete reversal of the measures announced in the September mini budget, as summarised in our previous article, we thought it might be helpful to set out what remains of the economic measures announced in September, and how they might affect you.
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Wasn’t expecting that.
On Friday, the Chancellor of the Exchequer delivered the government’s so-called ‘Mini Budget’, outlining cuts to income tax, reversal of the NIC increases, and scrapping of the planned increase in corporation tax, to name a few. Those which may be of particular interest to many are as follows:
Continue ReadingPlanning pays dividends
Mel Hackney looks at ways for owner-managers to extract profits from their companies as tax efficiently as possible.
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