Employment Allowance Explained
Posted on 7th June 2022 at 11:56
Here at Office Minder, we have all of the processes in place to make sure that our clients' books are up to date and that we are helping them to save money where they can. However, we know that many small businesses need help with maintaining their accounts and keeping up to date with thresholds.
It was announced in the spring statement that the Employment Allowance has increased from £4000 to £5000 from April 2022. The Employment Allowance provides relief on employer National Insurance contributions and the recent increase was welcomed by many small businesses and charities who are eligible to claim.