Could employing an apprentice save your business tax? The chancellor recently announced that the employer’s national insurance rate would increase to 15% for 2025/2026. This means that many businesses, including micro businesses with only one director on the payroll, are facing increased costs to pay salaries. Many small businesses have been helped by the increased […]
Tag Archives: budget
01
Nov
Nov
Do you need a bespoke salary and dividend plan for 2025/2026? The days have passed when the “house” salary and dividend (remuneration) strategy could be used as a solution for most straightforward clients, i.e. £12,570 plus dividends. Anyone wanting to optimise their income should consider paying for bespoke Tax advice on the best salary strategy […]
31
Oct
Oct
What does an increase in Employers National Insurance mean for your business? The increase in employers national insurance contribution for 2025/2026 will increase the cost of employing people for many businesses, as they will now pay 15% rather than 13.8%. The earning thresholds for when the tax must be applied has been lowered to £5,000 […]
31
Oct
Oct
Here’s your breakdown of the major business announcements from the Autumn Statement 2024. A budget to fix the foundations of the economy Rachel Reeves, the Chancellor of the Exchequer, delivered the Autumn Statement on 30 October 2024, saying that this budget was intended to fix the foundations of the economy, deliver change for working people, […]