The latest news from PMC Partnership incorporating Pomfreys Accountants – 5 January 2024
From 6th January 2024 the main rate of Employee National Insurance will fall from 12% to 2%, companies we operate payroll for will be automatically adjusted.
From 6th January 2024 the main rate of Employee National Insurance will fall from 12% to 2%, companies we operate payroll for will be automatically adjusted.
Business Vans still qualify for 100% tax relief but now Cars used for business with zero emissions also qualify for 100% capital allowances, rather than the old 18% relief.
After three months of closure HMRC have finally reopened their Self assessment telephone helpline to help clients directly with any personal tax queries, the number is 0300 200 3310.
One of the best ways to reduce company tax liabilities is by paying into a company pension scheme, especially if you are close to retirement age.
Last week the Bank of England raised base interest rates yet again by 0.5% to 5%, with market expectations they can now reach 6.25%.
With many clients being self employed or directors of their own companies receiving dividends free of National Insurance it is vital you keep check of your National Insurance contributions so you receive a full pension.