With the new tax year upon us we have prepared a guide here detailing how to make the best use of the various personal allowances that are available to you.
One area that we do want to make everyone aware of is the Class 4 NI charge, which is 9% of any profits over £8,424, and applies to all businesses. This is something that often seems to pop up, especially for those that receive tax refunds (subcontractors etc), as often it is assumed that the refund is at 20%, whereas in reality, it is more likely to be at 11%.
