Employer National Insurance The biggest changes to be aware of relate to National Insurance (NI). Employers’ NI will increase by 1.2% bringing it to 15%, and the secondary threshold at which contributions must be made is falling from £9,100 to £5,000. The employment allowance, which lets a business offset NI costs against PAYE liabilities, will […]
An overview of the IR35 offset changes
From 6 April 2024, a proposed new “set-off” mechanism should prevent end clients from overpaying tax when HMRC decides there has been a mistake in applying the off-payroll working rules (IR35). In this blog, we explain what’s changing and what IR35 offset for end clients and contractors.
Companies House fees set to rise
Companies House is increasing its fees on 1 May 2024.
Spring Budget 2024: Overview for Contractors
In the Spring Statement, the Chancellor, Jeremy Hunt, set out his plan to promote growth. In this post, we look at the key tax changes that contractors need to know about.
Tips for contractors saving in a pension
It’s a well known fact that the State Pension on its own won’t cover most individuals’ cost of living so it’s more important than ever to be thinking about the future and planning for retirement.
Should I make my spouse a shareholder in my limited company?
It’s common practice for a spouse to be added as a shareholder in a limited company particularly where there can be tax efficiencies gained. Whilst the process of adding a new shareholder to a company is straightforward, it’s not right for every married couple and there are a number of important areas to consider before […]
Throw a Christmas party and save tax
With the festive season just around the corner, you might be preparing for your eagerly anticipated Christmas shindig. Did you know you can claim back the cost of an annual party from HMRC?
Autumn statement 2023: Overview for contractors
Chancellor Jeremy Hunt’s Autumn Statement contained few shocks. Much of it was already in the press. But I did hold my breath when Hunt finalised his statement with news of support for self-employed people.
Spring Budget 23: Overview for contractors
In this post, we look at the key tax changes from the 2023 Spring Budget that contractors need to know about.
Autumn Statement 22: Overview for contractors
We look at the key tax changes from the Autumn Statement that contractors need to know about.
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