The National insurance contributions (NICs) regime is quite complex. It represents a significant ‘tax’ on employers, employees and the self employed alike. If your business is in Bromley, Kent and London areas we, at Adiva Accountants London, can help you on NICs and any other problems.
National insurance contributions (NICs) are essentially another tax on earned income. Income is divided into different classes: Class 1 contributions are payable on earnings from employment. While the profits of the self-employed are liable to Class 2 and 4 contributions.
After the income tax the national insurance is the largest source of government revenue. We will cover below the areas you need to consider and identify some of the potential problems. Please contact us at Adiva Accountants London for further specific advice.