Adam Harding

Adam Harding

2024 Spring Budget

Main rate of National Insurance cut by 2p From 06 April 2024 the main rate of National Insurance for employees will be reduced by 2p, representing a reduction from 10% to 8%. This change will benefit the average employee by roughly £470 per year. Meanwhile, self-employed National Insurance…

Mini-Budget 2022

National Insurance U-Turn In April 2022 Class 1 National Insurance (NI) contributions increased by 1.25p in the pound, this has now been reversed by the Government from 6 November 2022. This may impact some of your clients who use Payroll, rest assured the QuickBooks product will automatically…

Tax on Dividends

What is a dividend? Generally speaking, dividends are paid to anyone who holds shares in a company. They are paid out of the reserves left in the company once the tax has been removed from the profit.

130% Super Deduction allowance

The super deduction was introduced on 01 April 2021 and will be available to all companies up to 31 March 2023. This is to support businesses during the Coronavirus pandemic. Normally the purchase of new equipment would fall under the writing down allowance of 18% per year.