Introduction of Employment Allowance

As the new tax year starts, there is welcome good news for British employers.

As of April 6, 2014, most businesses will be able to enjoy a reduction in their employer National Insurance bill by up to £2000, in the form of an Employment Allowance.

The move is being implemented to reduce the cost of employing staff and it is hoped that it will encourage employment at the same time as giving businesses that struggle with cash flow, some breathing space.

At Steedman and Company, we will be ensuring that all of our clients will be enjoying the benefits of the allowance.

Our payroll clients wont need to do anything, as we’ll be implementing the legislation entirely on their behalf.

Ricky Steedman