Guide to National Insurance Contributions (NICs) for small business owners

Find out what NICs you need to pay if you're self employed or a limited compay director

National Insurance is a deduction from earnings, set up originally to fund various State benefits such as the NHS, the State pension and other welfare-related schemes.

In reality, it is just another tax. In fact, as standard income tax rates have remained constant for many years, NI rates have soared.

In this guide we look at how National Insurance works, and what your National Insurance Contributions (NICs) will be as a small business owner. (more…)

Annual PAYE and NIC tax deadlines for small businesses

The table below highlights some of the key dates to look out for when returning paperwork to HMRC. Chances are, your accountant will be well aware of all tax deadlines, however business owners are ultimately responsible for ensuring that tax liabilities are paid on time.
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