Alignment of income tax and National Insurance
The Office of Tax Simplification (OTS), which gives the government advice on simplifying the UK tax system, is currently engaged in a project that will offer increased insight into the alignment [...]
Employment Allowance
Many companies and organisations within the UK are entitled to a form of tax relief known as Employment Allowance. This saving scheme has been in effect since April 6 2014, and offers employers a [...]
National Insurance and being self-employed
When you start a business of your own, be prepared to face a number of National Insurance implications. There are mainly two types of National Insurance that people, who are self-employed, have [...]
5 taxes self-employed people should be aware of
When you become self-employed, you will have to pay taxes at the end of the tax year. However, for many solo traders, it can be confusing to decipher the complicated tax rules in the UK, and this [...]
Tax requirements for self-employed
If you have just emerged into the business world and are looking to start your own business, you should go ahead and do it. There is nothing easier than becoming a self-employed professional. [...]
Understanding National Insurance contributions
National Insurance contributions allow you to enjoy certain benefits as well as the State Pension. You have to pay National Insurance if you are 16 years and older; you are an employee, who earns [...]
Establishing your business entity is important for your tax
When someone decides to start their own business, there are many things that need to be arranged. In the initial days, you will be running around to find the right resources and work, you also [...]
