Hi,
Hope you guys can help me. I'm just verifying my end of year company accounts and have a question around Directors Remuneration.
1. When calculating Corporation Tax, is Employee's NI Tax deductible as an expense or is it only Employers NI. (Pretty sure it's just Employers but worth checking).
2. When completing the Directors Remuneration accounts notes, does this figure include Employee's NI (there was no Employers as it fell within the Employment allowance).
i.e.
Salary 9754.72
Employers NI 0
Employees NI 245.28
Total 10000.00
Thanks
Thanks.
Hope you guys can help me. I'm just verifying my end of year company accounts and have a question around Directors Remuneration.
1. When calculating Corporation Tax, is Employee's NI Tax deductible as an expense or is it only Employers NI. (Pretty sure it's just Employers but worth checking).
2. When completing the Directors Remuneration accounts notes, does this figure include Employee's NI (there was no Employers as it fell within the Employment allowance).
i.e.
Salary 9754.72
Employers NI 0
Employees NI 245.28
Total 10000.00
Thanks
Thanks.
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