accountant uk | Ion Partners Accountant
November 5, 2024
Autumn Budget 2024- summary
The long-awaited, much anticipated and dreaded first Budget of the new Labour government was delivered to Parliament on 30 October 2024 – by the Chancellor, Rachel […]
October 3, 2024
Top 10 Accounting Tips for Small Businesses in Herne Bay to Manage Seasonal Finances
Running a small business in Herne Bay presents unique challenges, especially with its tourism-driven economy. From fluctuating income to managing VAT, local businesses must adapt their […]
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 […]