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The Budget: Impact of the National Minimum Wage increase

It’s been a couple of weeks since the Budget and we have taken the time to let the full impact of the minimum wage increases sink in. The National Living Wage (for those aged 21 & over) will increase to £12.21 per hour from £11.44, an increase of 77p, and the [...]

By William Wood|2024-11-27T13:14:35+00:00November 27th, 2024|Blog, business planning, Finances, National insurance, Payroll|0 Comments

Implications of the new 1.25% NI/Tax Increase

I am sure it didn’t escape your attention that Boris Johnson was on TV this week announcing a new tax / increase in national insurance and dividends. The announced increase is 1.25% on top of the current National Insurance already deducted from employees and the self-employed. Possibly the most interesting (or [...]

By William Wood|2023-11-13T14:47:58+00:00September 10th, 2021|Blog, National insurance, Tax|0 Comments