With spring around the corner, perhaps it’s time to consider changing your payroll provider.
As you would expect there are a range of conditions that affect the answer to this question. We have reproduced below a summary of the main conditions to be observed. Workers must be at least school leaving age to get the National Minimum Wage. They must be 25 or over to get the National Living … Read more
Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce NIC, and, in some cases, Income Tax. The planning strategy is to pay a salary at a level that qualifies the director for State benefits, including the State Pension, but does not involve payment of any NIC. … Read more