News Tag Results for "NI"
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Employers
NI
For 2012/13 the main rates and thresholds for NI contributions are:
Lower Earnings Limit (LEL) for Class 1 NICs - £107/week
Employer's class 1 above &...
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Budget Update - Employers
NIC
When business owners and accountants are asked what single action could simplify the tax system, most suggest merging income tax and NI. This messag...
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Changes to NIC Class 2 Payments
As a self-employed person you probably pay your class 2 NIC, (formerly known as 'NI stamp') by monthly direct debit, or when the quarterly bill arrive...
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Employer or Personal Pension Funding?
Who should pay contributions into your pension fund: you or your employer? If you control the company you work for, the most tax efficient solut...
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How Much To Pay Yourself?
As the director and shareholder of your own company you can decide how much salary to pay yourself each month, in order to use your personal allowance in th...
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Less Tax for Students
If you are employing students over the summer months, don't forget to give them the HMRC form P38S (2011) to sign. This form allows the student to earn thei...
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Tax Efficient Profit Extraction
As a company owner you can choose how to extract the profits from your company, and by making the right choices you can minimise the tax and NI paid by you and t...
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Taxman Starts Business Records Check
The Taxman is concerned that many small businesses are not keeping adequate records to support the entries on their tax returns. To encourage better reco...
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What if You Don't Pay Your Tax!
July is one of those big tax-paying months...
- If you are self-employed you need to pay your income tax and class4 NIC on-account payment for...
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