Apart from increasing their salaries, what affordable initiatives can you take to help alleviate your employees' cost of living increases?
Today the Chancellor was forced to doing something about the increases in cost of living. Hence, the fuel duty cuts, employee and self employed threshold national insurance increases but not too much else.
If people are still not feeling spring-like, the promise of a 1% cut in the income tax rate from April 2024.
Dig in a bit further and you decide:
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As we reflect back on 2021, here are our Top 10 client queries we've seen time and again during 2021. You may see certain Covid related themes emerging!
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Easter Monday is not only the end of a long bank holiday, it’s also the end of the tax year. Make sure you plan accordingly, so you can improve your nest egg before Easter 🐤 Please see our top tips below:
1. Income Tax Thresholds - £50k and £100k
These are crucially important to understand, to ensure you don’t pay more tax than you need to. Even if you benefit from a 0% tax rate on certain allowances, say the £2k dividend allowance, the £2k still counts towards these £50k and £100k thresholds.
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