Pay As You Earn (PAYE)*Monthly payments are 10 percent of discretionary income, but never more than what you’d pay with a standard planVariableYesThose with moderate to high debt relative to their income Income-Based Repayment (IBR)Monthly payments are 10 or 15 percent of discretionary income...
Those accustomed to Pay as you Earn (PAYE) may find the prospect of managing their own taxes daunting. But whether you’re a self-employed freelancer filing your first sole trader tax return or a growing SME getting ready to file its corporation tax, a little forward planning and the right...
Cloud accounting software will include templates for submitting everything from corporation tax and VAT, to PAYE and National Insurance contributions. Clients’ accounts and documentation are already digitised, ready to be uploaded and shared with HMRC in the relevant format. There’s no last minute ...
Unfortunately, some student loan borrowers do not take advantage of this program because they feel they need every dollar from their paycheck to pay down student loans and pay for the essentials.(Editor’s Note: Passing on an employer matching program is usually a bad idea as it is essentially...
Although paying off student loans faster may sound appealing, it’s not realistic for many borrowers. If you need to save money on your student loan monthly payments, consider switching to an income-driven repayment (IDR) plan. Income-driven plans, which includeSAV...
Mother's Day is fast approaching, and this special day presents an opportunity to show appreciation for the important women in our lives.
What you need to know: Kenya’s financial services sector has been experiencing disruptions for the past 10 years. To say the pandemic has exacerbated an already dire situation is an understatement if the financial results being released by banks are anything to g...
Call HMRC to adjust your PAYE (Pay As You Earn) Code. If you believe you are paying too much in taxes, or if you've been paying emergency tax, HMRC can adjust your withholding so that you receive your refund automatically through your wages. The phone number for HMRC is 0300 200 330...