Hear Yea O’ Businesses of Guildford/Surrey and our Accountancy/Tax clients:
From April 2014, every business, charity and CASC will be entitled to an annual “employment allowance” of £2,000 to reduce their liability for Class 1 secondary National Insurance Contributions (NICs). Businesses in Guildford will be glad to hear that! This means that employers will be entitled to a discount off their employer’s NI bill of the lower of: (a)The NI Bill; (b) £2,000. This feature we are led to believe at this time is not automatic and must be applied for. Our clients will be glad to know that this accountancy firm in Guildford (Surrey) will ensure it is applied to them!