12 July 2021
Starting from the tax year 2020, the Employment Allowance was increased from £3,000 to £4,000 and employers with their annual NI liability less than £100,000 could claim the allowance to offset their employer NI contributions for this amount. However, with the newly established off-payroll rules that have commenced in April…
The legislation added to the Finance Act 2020 uses the tax system to recover unfair or incorrectly requested income support payments – i.e., Payments required under the Coronavirus Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS). This includes situations where the employer has not paid all government funds…
It is common practice that directors take a small salary and supplement their earnings with dividends, in order to keep the take-home pay as much as possible while adhering to HMRC (all dividends you draw will be taxed as personal income). Above the tax-free limit of £2,000, the following tax…
3 July 2021
Key Features: 1. User Interface Enhancement 2. Employee Record Layout View 3. No Payment (EPS) Enhancement Read more.
18 June 2021
We all know how much annual leave is important in order to keep your employees happy and well-rested. We also know that the previous year was nothing but the ultimate test for key employees who’ve stayed in the front lines to keep everything running. Due to the COVID-19 pandemic, key…
