Originally posted by Clare@InTouch
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Payroo shows zero for some reason....
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hmmm... paying myself 600 a month you should pay 1.47 a month Employers NI.
Payroo shows zero for some reason.... -
If you are a director then the NIC is not payable until you reach a cumulative total of £7225, my accountant has suggested a salary of £7072 so that no employee or employer nic is paid.
Not sure how your payroll is calculated, my accountant does mine
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." CiceroComment
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yes thank you. started a thread and got answers there also.Originally posted by Waldorf View PostIf you are a director then the NIC is not payable until you reach a cumulative total of £7225, my accountant has suggested a salary of £7072 so that no employee or employer nic is paid.
Not sure how your payroll is calculated, my accountant does mine
I am going to adjust to the 7072 amount also... less hassle...Comment
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As a director you don't have to do it that way. It's optional. If you do it on an annual payment period it does mean a sudden reduction in take home when the threshold is reached.Originally posted by Waldorf View PostIf you are a director then the NIC is not payable until you reach a cumulative total of £7225, my accountant has suggested a salary of £7072 so that no employee or employer nic is paid.
Not sure how your payroll is calculated, my accountant does mine
The pro-rata method makes for smoother paying (and a few more sums). Of course the point is moot really where salary is only around the threshold level. In any event the actual amount payable overall is the same.
Chapter and verse for the bored:
http://www.hmrc.gov.uk/nitables/ca44.pdfComment
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