Monthly Archives: May 2022

Dividend Tax Increase

Similarly to the recent increase in national insurance, the government has increased dividend tax by 1.25%. (As of 06/04/2022) If you’re wondering what this means for you, your business or just in general then we have you covered. Today we will be breaking down what dividend tax is, why the increase is happening and why it may be the right path for you if you are a director even with the increase. What is dividend tax? If you are a director and own shares in a company/business you may be entitled to a share of the profits. This is known […]

With the recent surge in cost of living prices, it’s easy to miss other important news that you need to take notice of! So, in today’s blog, we will discuss the National Insurance changes and what that could mean for you. What are the changes? It has been announced that from April 6th employers, employees and the self-employed will pay an increase of 1.25p for National Insurance. But why the change? Why the increase? The increase of tax will go towards the NHS and funding health and social care in the UK. The Government stated that the extra funding will […]