If you run a business in the UK, you may already be familiar with the Apprenticeship Levy. This tax has funded apprenticeship training since 2017. However, following the November 2025 Autumn Budget, the government has confirmed that the new Growth and Skills Levy will...
The Autumn Budget 2025 introduced a wide range of changes that aim to boost youth employment and support employers across the country. These apprenticeship reforms create clearer pathways for young people who want to start their careers. They also give businesses...
Your payslip is more than just a record of your pay. It shows how your employer has calculated your pay, what deductions they have made, and how much you actually take home. Each payday, take a moment to review your payslip carefully. You should check your earnings,...
Employers pay Employers’ National Insurance Contributions in addition to employees’ wages are a legal requirement for most businesses. When an employee earns over a certain threshold, the employer must pay Class 1 (Secondary) National Insurance on those...
Payroll Giving is one of the most flexible and tax-efficient ways to charity. It is simple to set up and easy to manage, while being highly rewarding for everyone involved. What is Payroll Giving? Payroll Giving is a straightforward way for employees to make regular...
If you have ever stared at your payslip and wondered what the strange mix of letters and/or numbers next to your name means, you’re not alone. That small detail is your payroll number. Payroll numbers help your employer manage salaries and taxes, while keeping...
From April 2027, you will need to tax most employee perks – known as Benefits In Kind – through payroll instead of annual forms. Payrolling Benefits In Kind involves adding the value of employee perks to payroll calculations. Instead, of reporting benefits once a...
Payroll doesn’t need to be complicated. With the right information, it becomes a smooth and manageable process. What is Payroll? Payroll is the system you use to pay your employees. It includes calculating wages, making deductions for tax and National Insurance,...
As a director of a limited company in the UK, you have flexibility in how you pay yourself. The most tax-efficient approach is often a blend of salary and dividends. In this blog, we will explore the optimum director’s salary for 2025/26, helping you stay...
As a company director, your Director’s National Insurance Contributions work slightly differently compared to regular employees. What is Director’s National Insurance? The National Insurance system requires individuals to make contributions to qualify for...
From 6th April 2025, there will be an increase to Employers’ National Insurance Contributions. These changes will impact businesses of all sizes, increasing payroll costs for many. The Upcoming Increase to Employers’ National Insurance Currently, employers...
The UK Government takes paying the National Minimum Wage (NMW) and the National Living Wage (NLW) seriously. HMRC has previously publicly named and shamed employers who fail to pay workers correctly, along with the appropriate fines and legal action. HMRC have also...
The Off-Payroll Working Rules, commonly known as IR35, ensure that contractors pay similar Income Tax and National Insurance as employees. These rules prevent individuals from working as “disguised employees”, meaning they benefit from self-employed tax...
Early Christmas PAYE Reporting During the Christmas period, many businesses close for several days or even weeks, prompting them to process payroll ahead of schedule. This change allows employees to receive their wages before the holidays, easing financial pressure....
Christmas brings a fast and intense rise in demand for many businesses. As a result, many employers hire temporary Christmas staff to keep operations running smoothly. These short-term workers help manage extra tasks and maintain strong customer service when it...
State Pension Triple Lock Introduced in 2010, the Triple Lock is a government guarantee to increase the State Pension every year by whichever of three measures is the highest: 2.5% Inflation (measured by the Consumer Prices Index in September of the previous year)...
What is Pension Credit? Pension Credit is an income-related benefit that offers extra money to help with your living costs. It’s available to those over State Pension age and is especially beneficial if you’re on a low income. Importantly, you can receive Pension...
State Pension Increase Explained Good news first – the government have proposed raising the State Pension in April 2026. For those who receive the New Full State Pension (introduced after April 2016), the payment will increase from £221.20 to £230.05 per week. This...
Dividends affect how many business owners take income and how investors earn returns. They offer a simple and flexible way to share profits, and they often provide tax advantages when used well. What are Dividends? Dividends are payments that a limited company makes...
While the idea of earning less money might seem strange at first, salary sacrifice can actually make sound financial sense. This is because the sacrificed portion of your salary may not be subject to Income Tax or National Insurance Contributions, depending on what...
Owner’s Equity Owner’s equity, also know as shareholders’ equity, represents the residual interest in the assets of a company after deducting it’s liabilities. In real words, it is the portion of a company’s assets that belongs to the...
Happy New Tax Year! As of today, the new UK tax year has officially started. It’s time to get your finances in order, review your tax code and start planning for the year ahead. Whether you’re self-employed, employed or a business owner, this is the...
A Significant Overhaul for Pensions and Retirement Saving Following the Chancellor’s Budget announcements, pensions got a significant overhaul to make retirement saving more appealing. This comes with an increase in the amount you can put into your pension each...
Key Tax Changes for the 2023/24 Tax Year We’re here to inform you about the Key Tax Changes for the 2023/24 Tax year and how these changes will affect companies, as well as sole traders. National Insurance The introduction of the new “Health and Social...
