Are you using up your tax free allowance?

If you have no other income, there is a high chance you are missing out on up to £1,047.50 of tax free allowance each month.

If it is just one director on the payroll, you can process £9,096.00 per year without any additional cost of tax or national insurance.

If you have any employees, or two directors earning over £9,096.00 a year, you can earn up to £12,570.00 per year with your employers national insurance covered by your £5,000.00 of Employers Allowance.

Speak with your accountant or the payroll department to see if this is the right process for you.