Since 6 April 2014, employers have been able to utilise the employment allowance to reduce the amount of National Insurance Contributions (NICs) that they pay on employees wages by up to £2,000.
One of my clients is a children's day nursery. I prepare their end of year accounts but they use someone else to do the monthly payroll.
A client has just received a Class 2 NIC demand for 2015/16 stating the direct debits that will be taken.
the small profits threshold is in point.
Where a health insurance policy is in the name of the employee and the employer pays the premiums, it should be a P11D item but class 1NIC is due not class 1A NIC - as it is a payment of a personal
I am hoping someone can help with some advice on a rather complicated situation.
This page has just been drawn to my attention: https://www.gov.uk/claim-employment-allowance
I have taken over a domestic payroll mid-year and the previous accountants have claimed the Employment Allowance. It's a domestic payroll where carers are employed to look after a person who is in
A self-employed man who didn’t pay national insurance contributions for 17 years wasn’t to blame because of poor advice from his accountant, a tribunal has ruled.
It's all a bit of a minefield for a non-accountant learning as they go - NIC payments, £2k NIC allowance, corp tax, income tax etc.
Silly season announced itself today with a string of stories trumpeting the big news that the Tories are thinking seriously about merging national insurance with income tax.
- Tax tables 2013-14 83,457 12
- Employment allowance: £2,000 NIC break unveiled for 2014-15 79,412 36
- Tax tables 2011-12 37,501 9
- Tax tables 2012-13 27,832 4
- Regional NIC holiday for start-ups kicks off 11,353 5