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Conditions And Problems Surrounding The Claim For Incorporation Relief

Conditions and problems surrounding the claim for Incorporation relief Businesses become companies for a variety of reasons. Not so long ago it was mainly as a tax planning tool but increasingly the differences in tax rates between the self-employed and a company mean that unless the profit is in excess of approximately £50,000 the increased

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NIC Position If You Are Employed And Self-Employed, Maximum Contributions And Deferment

NIC position if you are employed and self-employed, maximum contributions and deferment Despite the increase in National Insurance Contributions (NIC) in the April 2022 Spring Statement (the increase being replaced by the Health and Social Care Levy in July 2022) there remains a significant financial advantage for individuals working as self-employed rather than as employees.

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