Payroll & pensions

Tax rises

More tax rises are on the way – what are your options?

More tax rises are on the way with National Insurance rates set to rise by 1.25% from April next year, and Dividend tax rates also subject to the same increase. That’s a hammer blow to owner managed businesses who were told only a few months ago in the Budget that from 2023 corporation tax rates will be increasing for those with profits above £50k.

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Pension salary sacrifice

Salary sacrifice pension: pay your employees more for free

As a business owner, you know that remunerating your employees fairly can help to increase employee motivation, attract talent and retain high quality people. Well, one way to put more money in to your employees back pocket without costing you a penny is pensions salary sacrifice. It sounds a bit counterintuitive, employees sacrifice some of

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