Intelligent SME.tech Issue 55 | Page 36

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BY CLAIMING NEW ALLOWANCES, REVISITING NEW PAYROLL STRATEGIES AND USING SMART TOOLS, YOU CAN TAKE STEPS TO PROTECT YOUR PROFITS AND INVEST IN THE FUTURE.
you’ re investing in them without sending your NIC liability soaring.
To explore this further, look at the perks available through HMRC approved schemes. Consider pension top ups, employee share schemes or offering wellness benefits. It’ s a smarter way to give value and reward quality work whilst protecting your bottom line.
Proactivity is the key to success:
The National Insurance rise is undoubtedly a challenge, but it doesn’ t need to derail your business. By claiming new allowances, revisiting new payroll strategies and using smart tools, you can take steps to protect your profits and invest in the future.
The key is to plan ahead and act early. New starts often bring new opportunities. By seeing April as a reset, SMEs are able to build healthy financial foundations that will set them in good stead moving forward. To avoid being caught out, don’ t wait until costs bite, now is the time to future-proof your set-up and steer confidently into the year ahead. �
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