Employee Information
What Is Employment Allowance in 2025/26 and Who Qualifies? If you run a limited company and pay employees, you may be able to reduce your employer National Insurance bill by up to £10,500 per year. This is done through Employment Allowance — and the rules have changed in recent years. In this guide, we explain:
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Employment Allowance in 2025/26: How to Maximise the £10,500 NIC Saving The Employment Allowance continues to offer substantial savings for eligible UK employers. For the 2025/26 tax year, the allowance has increased to £10,500, representing a significant opportunity for small to medium-sized businesses to reduce their employment costs. This article explores the current rules, eligibility
Read More Employment Allowance 2025/26: Key Rules, Strategies, and How to Maximise the Benefit The Employment Allowance, now set at £10,500 for the 2025/26 tax year, remains an essential relief for employers looking to reduce their National Insurance bill. While this can provide valuable savings, understanding the detailed rules around eligibility, limits, and claim procedures is crucial—particularly
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Understanding the Employment Allowance and Its Impact on Employers in 2025/26 The Employment Allowance is a key National Insurance (NI) allowance that eligible employers can use to reduce their secondary Class 1 National Insurance contributions (NICs) liability. This allowance has been particularly beneficial for smaller businesses, offering them much-needed cash flow relief. However, from 6
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January 27, 2025Flexible Benefits Packages: Giving Employees More Choice The rise of remote and hybrid working since the Covid-19 pandemic has changed how employees engage with workplace benefits. Traditional fixed benefits packages, which apply to all employees equally, are increasingly being seen as rigid and inefficient. Many employees may pay for benefits they do not use, while
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How to Reward Your Staff
November 29, 2024How to Reward Your Staff with a £50 Voucher Tax-Efficiently At Merranti Accounting, we understand the importance of rewarding your hardworking staff while keeping your business finances in check. One fantastic way to show appreciation to your employees without triggering complex tax implications is through a £50 staff voucher—and yes, there are tax benefits too!
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National Minimum Wage rises
March 15, 2023The annual increase in the National Minimum Wage (NMW) rates are linked to the rate of inflation, which for the past few months has been hovering around 10%. Hence the NMW rates that must be paid for pay periods starting on and after 1 April 2023 have all risen by around 10%. Hourly Rate Age
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Working at home
February 5, 2023Where you are required to work at home, your employer can pay you a tax-free allowance of £6 per week (or £26 per month). This allowance is to cover the additional costs incurred by using your home as a workplace. Such as heat, light, metered water, insurance and broadband fees. If your employer doesn’t pay
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June 26, 2022The cost of living crisis is hitting everyone, including small businesses. You are required to raise the wage rates of employees on the National Minimum Wage by 6.6% for pay periods starting from 1 April 2022, but some employees may still be struggling to make ends meet. Here are a few things your business could do
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National Minimum Wage: Common traps
October 13, 2021National Minimum Wage: Common traps The top three mistakes made by employers concerning the National Minimum Wage (NMW) rates are: 1. Making deductions from wages (such as uniform or expenses) which take the pay below the NMW rate; 2. Failing to pay workers for all the time they work, including overtime; 3. Paying the
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