by Henry Walker | May 31, 2023 | Salary
Salary sacrifice is something you may have come across before but not fully understood. After all, why would anyone want to voluntarily give up some of their salary? The reality is that, in some instances, using salary sacrifice to get alternative benefits can reduce... 
by Henry Walker | May 31, 2023 | Salary
Anyone with an incomplete National Insurance contributions (NICs) record between April 2006 and April 2016 now has until July 31 to add to their NICs to qualify for a full State Pension after HMRC extended the deadline. Thousands of taxpayers have incomplete years in... 
by Henry Walker | May 3, 2023 | Salary, Tax
Every employee working for a company has a Pay-As-You-Earn (PAYE) code which denotes how much tax you will pay in a year. If this code is incorrect, it could mean you are paying more or less tax than you should be, and may need to reclaim that money, or pay more.... 
by Henry Walker | Mar 1, 2023 | Business, Finance, HMRC, Salary
IR35 has been one of the most contentious pieces of accounting legislation since its introduction in April 2021 as HMRC works to prevent those it deems are employed by an organisation taking their income through a separate company. Previously, any large company... 
by Henry Walker | Sep 1, 2022 | Business, Finance, HMRC, Salary, Tax
Dealing with PAYE is one of the main roles of any accounts department, and HMRC has been busy in this area over the past month, meaning there is plenty for businesses to know for the months ahead. One of the most pressing issues is that PAYE Settlement Agreements are... 
by Henry Walker | Jul 6, 2022 | Business, Finance, HMRC, Salary, Tax
A change in National Insurance contribution (NICs) levels comes into force at the beginning of July, which should save around 30m people £330 each, according to the Government. From July 6, the amount you can earn before you start paying NICs will increase, which...