accountant uk | Ion Partners Accountant
September 11, 2024
Guide to Employing Under 16-Year-Olds and Young Workers
Hiring young workers or employees under the age of 16 requires employers to comply with specific legal obligations, including proper tax deductions and ensuring employee rights. […]
August 26, 2024
Tips at Work: Key Tax Rules and Obligations in the UK
Understanding Tips at Work and Their Tax Implications Tips received at work do not contribute to your earnings for calculating the National Minimum Wage. However, you […]
August 8, 2024
Living Wage rates to be overhauled
In a significant move to enhance workers’ financial well-being, the government has revamped the remit of the Low Pay Commission (LPC). This update ensures that, for […]
June 6, 2024
Directors and National Insurance
Directors are classed as employees and are required to pay National Insurance on their annual income from salary and bonuses that exceed the Primary Threshold. For […]
April 9, 2024
Tax-Free Mileage Expenses: A Guide to Claiming Mileage Allowance in 2024-25
Understanding Tax-Free Mileage Expenses and Mileage Allowance Payments (MAP) If you use your own vehicle for business journeys you may be able to claim a tax-free allowance […]
February 21, 2024
What are Class 1A National Insurance Contributions (NICs)?
Class 1A National Insurance Contributions (NICs) represent a specific financial obligation primarily shouldered by employers. These contributions are levied on a wide range of non-cash benefits […]
January 28, 2024
Tax Relief for Working from Home: A Comprehensive Guide
Understanding Tax relief for working from home Remote working has become increasingly common, and with it, the importance of understanding tax relief for home-based employees has […]
December 14, 2023
HMRC’s Time to Pay Arrangement: A Guide to Managing Your Tax Payments
Understanding HMRC’s Time to Pay Arrangement As the 31 January 2024 tax payment deadline approaches, it’s crucial to understand the options available if you’re receiving difficulties […]
September 25, 2023
Capital Allowances and Integral Features in Business Asset Repairs
Capital Allowances: Bridging the Gap between Business Assets and Tax Relief When businesses invest in capital equipment, from vehicles and computer systems to machinery, the rules […]