US EditionHow to maximise tax relief on losses to offset higher employment costs - Smailes Goldie
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How to maximise tax relief on losses to offset higher employment costs - Smailes Goldie
The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies. With no new business reliefs announced in the Spring Statement and prices continuing to rise, many businesses could face growing losses. In a period of economic uncertainty, it is essential to make the most of the tax reliefs …
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