Accountant - Ion Partners Accountant
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 29, 2024
Checking your National Insurance records
HMRC offers an online service for checking your National Insurance Contributions (NIC) record. The service is available on the Government website. You will need a Government […]
April 17, 2024
Accessing the HMRC mobile APP
HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version of […]
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 […]
March 13, 2024
Spring Budget 2024 – VAT registration threshold changes
The taxable turnover threshold that determines whether businesses should be registered for VAT will increase from £85,000 to £90,000 from 1 April 2024. The taxable turnover threshold that […]
March 6, 2024
ECCT Act Empowers Companies House with New Authorities
ECCT Act. Companies House rolls-out new powers. The first measures under the Economic Crime and Corporate Transparency Act 2023 (ECCT Act) came into force on Monday, […]
March 6, 2024
Companies House filing fees increase
Companies House has announced that some of its fees will change starting 1 May 2024. The last change in fees was in April 2016.  The fees […]
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 […]