Understanding the changes to National Insurance
Rishi Sunak had a few difficult decisions to make prior to his Spring Statement on 23 March. Knowing that households are going to be increasingly squeezed by rising costs of energy, fuel, food, in fact almost anything that we buy due to rising inflation, and with the...
How does National Insurance work for a company director?
As a company director, your earnings are subject to National Insurance (NI) in the same way as all employees’ earnings are. It is treated differently in the way it’s calculated. If you’re a limited company director, you’ll pay both employers and employees...
Will the new IR35 changes affect me?
New IR35 tax changes will come into force in the private sector in April 2021. As a result some self-employed workers, and the businesses that hire them, will have to pay tax differently. Are you one of the 170,000 ‘contractors’ who may have to pay more tax? Are...
How much can you take as dividends
One of the questions we get asked most often is how much you can take as dividends. Taking money out of your limited company without double checking what you are doing is also one of the easiest ways to get yourself into a financial mess. Most of us were employees on...Follow Starfish Accounting
