If you like the way we think, you will like the way we work
We like to keep you updated with what’s going on in the public domain and what better way than through our blogs. A lot of these issues may affect you and your business and If you really want to get to the heart of the topics published, speak to your Local AIMS Accountant and get their expert opinion.
This blog isn’t about taxing the rich; it’s simply to point out that we need a simple and fair tax system with reduced loopholes.
Last year HMRC announced that from 6th April 2014 every business, charity and CASC will be entitled to an annual “employment allowance” of £2,000. This little gem allows businesses to reduce their liability for Class 1 secondary National Insurance Contributions. What does this mean in plain English?
Historically, employers reported employee’s tax and National Insurance to the HMRC monthly. However, times have changed. People are changing jobs more frequently than ever before, so the PAYE system sometimes struggles to ensure that tax codes are up to date.