National Insurance hike spurs surge in off-the-books payments risk

National Insurance hike spurs surge in off-the-books payments risk

The hike in employer National Insurance (NI) raises the possibility that businesses would make off-the-books cash payments to employees, according to a Stormont Department of Finance research.

How to maximise tax relief on losses to offset higher employment costs - Rotherham Taylor Chartered Accountants

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies.  With no new business reliefs announced in the Spring Statement and prices continuing to rise, many businesses could face growing losses.  In a period of economic uncertainty, it is essential to make the most of the tax relief…

How to maximise tax relief on losses to offset higher employment costs

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies. With no new business reliefs announced in the Spring Statement and prices continuing to rise, many businesses could face growing losses. In a period of economic uncertainty, it is essential to make the most of the tax reliefs …

How to maximise tax relief on losses to offset higher employment costs | Accountants in Sutton Coldfield

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies. With no new business reliefs announced in the Spring Statement and prices continuing to rise, many businesses could face growing losses. In a period of economic uncertainty, it is essential to make the most of the tax reliefs …