When an employer hires a new employee, they are usually required to enrol them in the company’s workplace pension plan. However, for a director of a limited business, things are a little different. So, how does it work for directors who want to put money aside...
The government intends to introduce a new social care fee in April 2022, which will result in tax and NIC rises across the UK. There will be a 1.25 percent increase in NICs on earned income, as well as a 1.25 percent increase in dividend tax rates. The funds received...
I have a job, but I also have some self-employed income that I pay taxes on. How can my PAYE tax code collect my self-assessment tax? The following conditions must be met in order for your self-assessment tax to be collected through your PAYE tax code: Your tax bill...
The Coronavirus Job Retention Plan (CJRS, often known as the furlough scheme) was first implemented in March 2020, and it provided employers with a subsidy to pay a percentage of their eligible employees’ wage costs. This initially applied to employees who were...
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