If you’re an employer, your payroll costs make up a big chunk of your operational expenses. Helping to reduce those labour costs is good news for your cashflow. So, now may be the ideal time to explore the Employment Allowance and find out if you can claim this useful allowance.
We’ll explain the details of the allowance, who’s eligible and how you make a claim.
Employment Allowance: a great way to reduce your payroll costs
Employment Allowance is primarily aimed at businesses and charities that have employees and currently make employers' Class 1 National Insurance (NI) contributions.
Let’s take a look at the main benefits, the rules for eligibility and how you make a claim:
Talk to us about making an Employment Allowance claim
£5,000 of cash to reinvest back into your business is an opportunity that shouldn’t be missed. And the additional bonus is that you can make retrospective claims for the Employment Allowance, going back to the 2018/19 tax year.
If you’ve never applied for this helpful allowance, now’s the time to make a claim and start making a tangible difference to your payroll costs and available cashflow.
Get in touch to talk about Employment Allowance.
Unit 157, Milton Keynes Business Centre,
Foxhunter Drive, Milton Keynes,
Buckinghamshire, MK14 6GD
Bidwell Accountancy