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What is the most tax efficient salary in 2022/23?

Inform Accounting

The employment allowance has increased to £5,000. National Insurance Contributions (NICs) and dividend tax rates are increasing by 1.25% to support the NHS, health and social care. For more information on these key tax changes, take a look at our blog Changes affecting staff costs and dividends from April 2022.

Tax 52
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A (not so) mini budget…?

Inform Accounting

The Government was criticised in the lead up to today’s announcement for not allowing the Office for Budget Responsibility (OBR) to release forecasts with the mini budget. In this blog, we take a look at the key highlights from his speech. The interim increase in NICs is to be reversed from 6th November 2022. Cost of Energy.

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Chancellor's Autumn Statement.

Inform Accounting

The dividend allowance is being reduced from £2000 to £1000 in April 2023, then to £500 in April 2024. The Capital Gains Tax Annual Exempt amount is being reduced from £12,300 to £6,000 from April 2023 and to £3000 from April 2024. There is still the £5000 National Insurance Allowance for small business owners.

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How to set up as a self-employed barrister

Menzies

How to check your self-employment status. Consider your cashflow Whatever your employment status, cashflow remains one of the single biggest items to be aware of. state pensions and allowances). We work with barristers across all stages of their career to support them with their personal and business finances.