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2024 Tax Year Changes Summarized Factsheet

Published on April 10, 2024

National InsuranceIncome TaxStudent LoanCaptical Gains Tax
2024 Tax Year Changes Summarized Factsheet

Understand everything you need to know about changes in the 2024 tax year, including 2 percent reduction in National Insurnace, changes in student loan threshold and more.

How Income Tax and the Personal Allowance works

Published on November 02, 2023

Income TaxPersonal AllowanceNational Insurance
How Income Tax and the Personal Allowance works

Understanding how Income Tax works can seem confusing, particularly when you’re first starting out in the workplace. Knowing how Income Tax and the Personal Allowance work will allow you to figure out if you’re being paid the right amount and help you budget.

Optimum Directors Salary Guide

Published on November 01, 2023

Income TaxNational InsuranceDividendsCorporate Tax
Optimum Directors Salary Guide

Setting the right director's salary is crucial for tax efficiency. This guide delves into the optimum director's salary for 2023/24, the rationale behind the figures, and the tax implications for different salary levels.

How Dividends Tax Work

Published on October 28, 2023

DividendsPersonal AllowanceIncome Tax
How Dividends Tax Work

If you own shares in a company, you might receive dividend payments. Dividends are a share of a company's profits distributed to its shareholders. In the UK, it's important to know how these dividends are taxed. This guide provides a detailed overview of dividend taxation, including exemptions, allowances, and tax rates.

How Bonuses Are Taxed in the UK

Published on October 20, 2023

BonusesIncome Tax
How Bonuses Are Taxed in the UK

A simplified guide to understanding how bonuses are taxed in the UK, including income tax, national insurance contributions, and strategies to minimize your tax burden.

How Tax Codes Work in the UK

Published on October 18, 2023

Personal AllowanceTax Code
How Tax Codes Work in the UK

Understanding tax codes and what they mean for your income in the UK.

Understanding Student Loans in the UK

Published on October 12, 2023

Student Loans
Understanding Student Loans in the UK

A straightforward guide to student loans in the UK, including types of loans, interest rates, and repayment details.

Understanding National Insurance Contributions in the UK

Published on October 03, 2023

National InsuranceNIC Rates
Understanding National Insurance Contributions in the UK

A simplified explanation of National Insurance contributions, both for employees and employers in the UK.

A Comprehensive Guide to Company Cars

Published on October 02, 2023

Employee BenefitsCompany Car Tax
A Comprehensive Guide to Company Cars

Understand everything you need to know about company cars, from what they are, how they work, and the associated costs and tax implications.

Navigating Tax Rules for Staff Christmas Gifts

Published on December 05, 2022

Employee Gifts
Navigating Tax Rules for Staff Christmas Gifts

Understanding the tax implications of gifting to your staff during the holiday season.

Your Guide to Tax Rules for Staff Christmas Parties

Published on December 01, 2022

Employee Gifts
Your Guide to Tax Rules for Staff Christmas Parties

Understand the tax implications of hosting staff Christmas parties and ensuring they're tax-deductible.

Demystifying UK Tax Code 1257L

Published on September 15, 2022

Tax CodesPersonal Allowance
Demystifying UK Tax Code 1257L

If you're wondering about tax code 1257L and how it impacts your income, this guide breaks it down in simple terms. Learn what it means, how it affects your taxes, and why it's essential to have the right tax code.

Difference Between Employees and Subcontractors

Published on September 02, 2022

Income Tax
Difference Between Employees and Subcontractors

Clarifying the distinctions between employees and subcontractors and why it's crucial for tax purposes.

How to Easily Claim Your £252+ Marriage Tax Allowance

Published on August 17, 2022

Marriage Allowance
How to Easily Claim Your £252+ Marriage Tax Allowance

Discover how to easily claim your marriage tax allowance and get a tax rebate that could add up to £1,241!

Understanding the D0 Tax Code

Published on August 17, 2022

Tax CodesIncome Tax
Understanding the D0 Tax Code

A simple guide explaining the D0 tax code and what it means for your income tax.

Understand Personal Tax Return Penalties

Published on April 12, 2022

Personal Finance
Understand Personal Tax Return Penalties

This article simplifies the penalty structure for late personal tax returns and payments.