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Pension & Social Security Income Reporting
 
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Lecture Content This lecture covers the reporting of income from retirement plans, education accounts and social security income. Topics Covered * Overview of Form 5498 IRA Contribution Information * Discussion of Form 1099R and distributions codes * Use of Form W4-P Withholding Certificate for Pension or Annuity Payments * Overview of the different kids of retirement plans taxpayers may participate in * Using Form 8606, Nondeductible IRAs, to figure the taxable part of a distribution from an IRA * Traditional IRA to Roth IRA conversions * Roth IRA to traditional IRA recharacterization * Inherited IRAs * Loans from pension and annuity plans * Additional tax owed on certain early distributions from retirement plans * Exceptions to additional tax on early distributions from retirement plans * Additional tax on certain distributions for education accounts * Additional tax on excess contributions to certain accounts * Required minimum distributions * How to complete Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts * Calculating the taxability of annuity income with the Simplified General Rule * Lump-sum distributions * How to report partially taxable distributions from IRAs * Instructions for Social Security Form SSA-1099 Benefits statement, Form RRB-1099 Tier I Railroad Equivalent Benefit statement, and Form RRB-1099R Tier II Railroad Retirement Benefits statement * Form W-4V social security Voluntary Withholding Request * How to calculate the taxability of social security income using the social security benefits worksheets * Taxation methods to apply to lump-sum social security payments * Special deductions relating to social security benefits income and repayments Terms of Use or Enrollment Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.
What if I already pay my tax under PAYE?
 
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The fourth in a short series of HMRC videos about the tax calculation (also known as the P800) letter which is used to deal with under or over payments of tax. This video explains why you could still receive a tax calculation letter, even if you already pay tax under PAYE. You can also view your Personal Tax Account by visiting https://www.gov.uk/personal-tax-account Once you've signed into your account you can see your tax information, make sure you're paying the right amount of tax and tell us about any changes during the year. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 1569 HMRCgovuk
Personal tax accounts - HMRC's online service for individuals
 
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This short video tells you how to sign up to your own personal tax account, and how it helps you deal with your HMRC affairs online at a time that suits you, on a device of your choice. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 60984 HMRCgovuk
What is a tax calculation?
 
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The first in a short series of HMRC videos about the tax calculation (also known as the P800) letter which is used to deal with under or over payments of tax. This video explains what a tax calculation letter is and how it is used. You can view your Personal Tax Account by visiting https://www.gov.uk/personal-tax-account Once you've signed into your account you can see your tax information, make sure you're paying the right amount of tax and tell us about any changes during the year. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 1952 HMRCgovuk
PAYE is changing for employees - paying the right tax at the right time
 
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PAYE is changing and this short HMRC video explains the changes which will help employees to pay the right tax at the right time. Helpful Links: https://www.gov.uk/government/publications/issue-briefing-changes-to-our-paye-tax-system https://www.gov.uk/employee-tax-codes HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 14468 HMRCgovuk
PAYE is changing for employers - deducting the right tax at the right time from employees' pay
 
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PAYE is changing and this short HMRC video explains the changes which will help employers to ensure that their employees are paying the right tax at the right time. Helpful Links: https://www.gov.uk/government/publications/issue-briefing-changes-to-our-paye-tax-system https://www.gov.uk/employee-tax-codes HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 18271 HMRCgovuk
Payment After Leaving
 
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HMRC Video for employers regarding how to deal with payments to ex employees. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 4992 HMRCgovuk
Will I have to pay income tax on my disability benefits?
 
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Will I have to pay income tax on my disability benefits? | Touby, Chait & Sicking, PL | Dedicated to Workers’ Rights in Florida | 305-442-2318 | http://www.fortheworkers.com/ | 2030 S. Douglas Road, Suite 217, Coral Gables, Florida 33134 | Worker's compensation disability benefits are income tax free under Section 104 of the Internal Revenue Code. Disability benefits paid for in line of duty injury for public employment are similarly tax exempt, however, disability benefits for private employee pensions are taxable. The reason has to do with a complicated provision in the tax code.
Tax Credits - how to view payments through your Personal Tax Account
 
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A short HMRC video explaining how to check your tax credits payments using your online Personal Tax Account. Helpful links: https://www.gov.uk/government/publications/your-charter/your-charter https://www.gov.uk/tax-credits-checks https://www.gov.uk/changes-affect-tax-credits https://www.gov.uk/manage-your-tax-credits HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ • New HMRC online customer forum: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 6933 HMRCgovuk
USPS Pension, TSP & Social Security? How To Calculate Your Tax
 
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Had a question from a subscriber about the taxes he'll owe on his three sources of retirement income: TSP distributions, Social Security and his USPS pension. So, I figured it'd be fun to go over this step by step. Weird, no? Before we get started though Let me ask you my friends, if you are in a 22% tax bracket what would your tax be on a $20,400 TSP Distribution? Did you take your trusty calculator and times $20,400 by .08 as most people do to get $4488? Guess what, that'd be WRONG!!!! That TSP distribution will actually cause you to pay 30% in income taxes, JUST TO THE FEDS and yet you're still knee deep in the 22% tax bracket. HOW CAN THIS BE???? Watch the video and I show you the ugliness that is the US Tax Code. ?
Excel salary sheet and its formula calculation
 
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How to create excel salary sheet or excel salary statement with formula.this sheet is in a very simple format,it includes "IF" formula for all the allowances, the basic pay is based on loom some while the all the allowances are based on the standard "IF" formula including income tax, gross pay is the "SUM" of Basic pay Plus all allowances while the NET PAY is the subtraction of "Income Tax From Gross Pay
Views: 251806 learning center
Taxation of Social Security
 
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Taxation of Social Security by S. S. Curtis, MBA, JD of Aspire To Money (TM) Channel DISCLAIMER: This video is intended for informational purposes only, and does not form a professional relationship. Watch Aspire To Money (TM) every Tuesday for all things related to your money! Do you have to pay federal income tax on your social security income? The answer is a bit complicated. But no worries – Aspire To Money is here to help on all things related to you and your money! You definitely want to know this information so that you aren’t in for a rude surprise when you retire. IRS Publication 915 has the details. First, you have to figure out what the IRS calls your base amount. This varies by your filing status. For the 2018 tax year, the base amount is $25,000 if you are single, head of household, or qualifying widow or widower. Tip: Please check out the first video in ATM’s three part series on the Form 1040 for a detailed explanation of the IRS definition of head of household. The base amount is $32,000 if you are married filing jointly for tax year 2018. OK, so then the IRS tells you to fill out Worksheet A on page 4 of Publication 915. They say this is a quick way to figure out what amount of your Social Security income is taxable. Tip: Please subscribe to the Aspire To Money mailing list for more great money information – just send an email request to: [email protected] Back to Worksheet A. Worksheet A essentially tells you to add together 50% of your Social Security income plus all your other income including tax-exempt interest. If this amount from Worksheet A is greater than the base amount for your filing status – either $25,000 or $32,000 – then some of your Social Security income is likely to be taxable. Single/head of household/widowed filers with a combined income of $25,000 to $34,000 must pay federal income taxes on up to 50% of their Social Security income. Above $34,000, you must pay federal income taxes on up to 85% of Social Security income. Married couples filing jointly with a combined income of $32,000 to $44,000 must pay federal income taxes on up to 50% of their Social Security income. Above $44,000, they must pay federal income taxes on up to 85% of Social Security income. Let’s take a look at an example Worksheet A for Taxpayer Ben. You record your total Social Security income on Line A. Ben has $10,000 in Social Security income, so he enters this amount on Line A. That amount is then multiplied by .5 to get $5,000. Ben records that amount on Line B. On Line C, you enters the total of all your other income. Ben records $26,900. Tip: Don’t reduce the income for Line C by any deductions, exemptions, etc. – the IRS doesn’t allow that for this purpose! On Line D, you enter any tax-exempt interest, such as from municipal bonds. Ben doesn’t have any such interest, so he enters 0. Finally, you add up Lines B, C, and D and enter the amount on Line E. Ben records $31,900. Line E is what the IRS defines as your retirement income. This is another example of IRS lingo. Tip: The good news is that you don’t have to record withdrawals from a Roth IRA as part of that income. So the Roth IRA is a great way to increase your retirement income without increasing your taxes in retirement! Back to Ben. Ben is single and his retirement income is $31,900. As defined by the IRS, Ben’s retirement income falls between $25,000 and $34,000. So Ben will owe federal income taxes on 50% of his Social Security income. Since part of Ben’s Social Security income is taxable, he must file a Form 1040. On the 1040, he will record his total Social Security income from Box 5 of his Form SSA-1099. He will record this on Line 5a. Ben will record the taxable portion on Line 5b. In the Instructions for the Form 1040, available at www.irs.gov, there is also a worksheet you can use to figure your taxable Social Security amount. To avoid owing a penalty, Ben will need to either: 1) have taxes withheld from his Social Security payments, or 2) pay quarterly estimated taxes. Ben decides to have the taxes withheld from his Social Security payments, so he fills out Form W-4V to do that. OK, we’ve gone through the bad news about federal incomes taxes on Social Security. But what about state income taxes? Yikes, 13 states collect taxes on at least some Social Security income for tax year 2018! Those states, in alphabetical order, are: Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia. The other 37 states, as well as the District of Columbia, do not tax Social Security income. Please like, share, comment, and subscribe to the Aspire To Money (TM) channel. Resources: www.irs.gov - Publication 915
Views: 838 Aspire To Money
paye calculator
 
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Click here to join my bestselling udemy course for FREE https://www.udemy.com/entrepreneurs-entrepreneurship-tips-tricks-and-more/?couponCode=YOUTUBE%28FREE%29 paye calculator Watch my video paye calculator and learn how to calculate your Tax free allowance, Total taxable income, Tax due, National Insurance, Total Deductions, Net Wage, Employers NI, Net change since last year. UK PAYE calculator This is the calculator for 2014/15 Fill in the following fields: Salary calculator; Enter gross wage; Click calculate tax. Year Married Blind I pay no NI Include student loan repayment Age Any Allowances/ -Deductions Tax code (optional) Pension Contribution (% or amount) Childcare Vouchers per Gross wage is paye calculator Income tax[edit] UK income tax and National Insurance charges (2010-11)[dated info]. UK income tax and National Insurance as a percentage of taxable pay (2010-11)[dated info]. Income tax is the single largest source of government revenue, making up about 30% of the total, followed by National Insurance contributions at around 20%.[16] Each person has an income tax personal allowance, and income up to this amount in each tax year is free of tax. For the 2014/15 tax year, the tax-free allowance for under-65s with income less than £100,000 is £10,000.[17] Any income above the personal allowance is taxed using a number of bands: 2014/15 Rate Dividend income Savings income Employment and other income Income bracket (above tax-free allowance) Starting rate - 10% - £0 - £2,880 Basic rate 10% 20% 20% £0 - £31,865 Higher rate 32.5% 40% 40% £31,866- £150,000 Additional rate 37.5% 45% 45% Over £150,000 For every £2 earned above £100,000, £1 of the personal allowance is lost. This means for incomes between £100,001 and £120,000 the marginal income tax rate is 60%.[20] The taxpayer's income is assessed for tax according to a prescribed order, with income from employment using up the personal allowance and being taxed first, followed by savings income (from interest or otherwise unearned) and then dividends. Contact: Christos Pittis website: www.christospittis.com https://www.udemy.com/u/christospittis/ twitter: https://twitter.com/CPITTIS facebook page: https://www.facebook.com/christoscpittis email: [email protected] https://www.udemy.com/u/christospittis/ YouTube: https://www.youtube.com/channel/UClqulZeiMIfgPv_LirylA0g/videos
Retirement Withdrawals before 59 1/2, Without A Penalty?
 
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Click this link to get your copy! http://lethemonfinancial.com/freeretirementguide How To Retire Happy, 7 Simple Steps To Creating Your Ideal Retirement I'm going to show you how to take retirement withdrawals from your retirement accounts before you turn 59 1/2, and do it without paying a penalty. You may be thinking about retiring early, but may not be sure exactly how to do it. If you're like a lot of people you probably have a most of your retirement savings in tax deferred accounts like IRA's and 401k's. We all know since the time we got into these accounts that we couldn't touch the money until we turned 59 1/2 without getting hit with a 10% penalty. Well, there are actually 4 ways that you can take retirement withdrawals before 59 1/2 without paying the 10% penalty. The first is the Age 55 rule from a qualified plan. If you separate service from your company on or after your 55th birthday, you can access the money in your company sponsored retirement plan without paying the 10% penalty that normally would apply to early distributions. This rule only applies to company sponsored retirement plans like your 401k. Once you rollover to your IRA, you no longer have this option available. As with any tax deferred account distribution, ordinary income taxes will still apply, but the 10% penalty will be waived. Here's how it works: Let's say you have a 401k with $500,000 in it and you retire at 56. You figure you need about $50,000 to get you through the next 3 1/2 years. So you take a penalty free distribution from your 401k for the $50,000, then rollover the remaining $450,000 into a self directed IRA to continue the tax deferral on that portion. Next is Regulation 72t. Regulation 72t refers to a section of the IRS tax code that allows for penalty free withdrawals from IRA accounts. Whereas the age 55 rule applies only to qualified employer plans, regulation 72t is just for IRA accounts. Again, as with any tax deferred retirement account distribution, you still have to pay the taxes, but what we're talking about here, is how to avoid the normal 10% penalty. You can elect 72t at any age as long as you follow the 3 rules. The payments must be "substantially equal". You must use one of the three distinct methods of calculating what your annual payment is each year. Your Payments must continue for 5 years or until you turn 591/2 whichever occurs later. Regulation 72t is a complex tax strategy and should not be implemented without seeking appropriate advice from a qualified financial professional. Take a loan Not my favorite, but another option that may be available is to take a loan from your 401k account before you retire. 401k's generally allow you to borrow 50% of your account value up to a maximum of $50,000. One advantage is that you don't have to pay taxes on the loan amount, however, the disadvantage is that you lose the growth on your money. Before you do this, check with your plan provider to make sure you can keep the loan open after you retire. Even if your employer does allow you to keep the loan after you retire, it will likely prevent you from rolling over your 401k to an IRA. Also, make sure to keep up on your payments, otherwise the outstanding balance of the loan will become taxable and may be subject to penalties if you are under age 59 1/2. After Tax Distributions You may have money in your company retirement plan that has already been taxed. If you do, this can be another source of money that you can access before 59 1/2. The after tax portion of your account consists of two parts. The portion that you contributed after tax, and the earnings on your after tax contributions that have not been taxed. Even though the IRS rules allow you to roll the entire account over to your IRA. If you roll over after-tax contributions you will be required to keep track of what portion of every future IRA withdrawal is taxable and what part is non taxable. We don't recommend this. The preferred method is to rollover all of your pretax money to your IRA account, and then take a check for the portion of your account that has already been taxed. When you receive this check it is a non-taxable event. This money has already been taxed and therefore you can do whatever you want with this money. Depending on how much you have in your after tax portion of your account, this can be another great way to get access to some of your money, not only penalty free, but tax free as well, in order to fund an early retirement. If you want to get more tips and strategies like this, click on the link below to check out my Free Retirement Readiness Guide, 7 Step Action Plan to Creating Your Ideal Retirement!
Views: 71073 Money Evolution
Monthly Pay iReport User Training UK tax Calculator & Report Keeper for NHS and employee on shifts
 
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Do you struggle to be efficient in organising your monthly pay? Do you find it confusing keeping track of hours worked at different pay rates and the various deductions taken off your gross pay? Monthly Pay iRecord is an innovative new app designed to help you organise your monthly pay for the tax year 2013-2014 into a manageable and easy to use report. It uses the most up-to-date HMRC tax codes. These are K, L, P, T, Y, 0T, BR, DO, D1 and NT tax letters, combined with any number. Dig out a recent monthly pay slip, follow the step by step instructions provided in app, input the relevant data -- and in minutes you are set up to be super organised for the whole 2013-2014 tax year. All settings are saved so no wasting time setting the options each time. With Monthly Pay iRecord you can •Calculate and save as report monthly tax, NI, student loan and pension. •calculate how much your "take home" pay will be if you increase/ decrease your hours, get promoted and even change jobs. iReport can • Take up to two different rates of basic pay in (£), three different enhancement rates in (%) and thee different over time rates in (%). This will be particularly useful if you work on a shift rota system and/or do overtime. •Keep record of all the different deductions and benefits applicable to your gross pay including tax, NI at various letters, pension, salary sacrifice pension, student loan, BIK, other taxable/non-taxable benefits, Salary sacrifice deductions and other taxable /non-taxable deductions for each month. •Each month pay automatically goes into a table. •Email report function. •Frozen/Unfreeze and app pin functions. Monthly iReport will prove indispensable in helping you cleverly and accurately organise your 2013- 2014 monthly pay. Try Monthly I record for free for the first 2 months of the tax year. If you happy with what iReport offers, please buy a full version of the app available at minimum price. Updates: Tax codes, student loan and user interface updates. Now iReport can tackle 1. any tax code number and K,L,P,T,Y,0T,BR,DO,D1 and NT tax letters. 2. Student loan, Before Sept 2012 and after Sept 2012. Other Payments and Deductions screens made more user friendly.
Views: 717 PAIdistribution
How to Claim Tax Refunds for Employment Expenses
 
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A guide on how to go about claiming a Tax Refund when you've spent your own money on things you need to do your job. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 32979 HMRCgovuk
Registering for Self Assessment
 
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This video explains how to register your new business online with HM Revenue & Customs so that you can complete a Self-Assessment tax return. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer. You can find it here: https://online.hmrc.gov.uk/webchatpro... For more information on starting your own business, why not try our online guide. You can find it here: http://www.hmrc.gov.uk/courses/SYOB3/syob_3/html/syob_3_menu.html Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 68886 HMRCgovuk
How much tax will I pay? UK tax advice for Business Owners
 
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http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. One of the questions we get asked most frequently from our clients -- "How much tax will I pay?" Well, as soon as your accounts are done we will know to the penny, but of course that may happen several months after your financial year end. And it's great to have an idea of how much tax you are likely to pay well in advance of that. So what I'm going to show you is a way to estimate your tax liability. It is only an estimate. We won't know for sure until your accounts are done but it will give you something as a guide as you look ahead through the course of the business year. The amount of tax you pay is dependent upon the type of business you operate. So in this video we are going to look at the two main types -- the sole trader and the limited company. If you are a sole trader you can earn roundabout £7,500 a year in profit, not sales, that's your sales and then take off your costs and your not going to pay any tax on that money. But as soon as you go above that level you are going to start paying tax at a rate of 20%, the same as somebody in employment. But you are also going to have Class 4 National Insurance. Now that kicks in at 9% making your total tax hit 29%. Now the Class 4 National Insurance is interesting because people think my National Insurance - I get a pension, I get hospital cover. Yes, you have already paid for that in a direct debit that goes out of your account every month. This is just tax. You do not get any extra benefit from having paid it. So in order to work out how much tax you have to pay we need to look at your profit month-on-month. You take your sales, subtract your costs, not your drawings, that's money you take out. Put them to one side for the moment. Once you have got that profit situation in place, £600 every month that's yours free, nothing to worry about. But after that £600 you need to put nearly a third away. That is one third for the government, two-thirds for you. Stick it in a cash ISA. It gets paid in January of each year, but be careful because you may also have what is known as a payment on account if your tax bill is high and that's going to kick in, in January and July . Now the Limited Company is completely different because you are not taxed. It is the company that is getting taxed. And the company does not have any tax free amount that it can earn year after year. Company pays tax as soon as it makes £1 of profit and it pays tax at a rate of 20%. That's 20% on all its profits way up to a quarter of a million pounds approximately. Now that's a 9% saving for most average earners. That's most significant. A company has to pay its tax 9 months after its financial year. So calculating it. You take your sales subtract the expenses the business incurs. That's your costs, salary perhaps, supplier invoices and that gets you your profit before tax comes off. Then put 25% away to be on the safe side. So it's a quarter for the Government and three quarters for you. That's what you can have as your dividend income. One of the pit falls of many businesses get into. They think there's my profit, I'm going to take a dividend and get a tax on the dividend. Now that's wrong. Tax gets paid on the profit and then it's your bit. The dividend - that comes afterwards. Remember what I've just told you. It's about estimating your tax bill. If you want to know exactly how much tax you are going to pay send us your accounts. In the next video I'm going to talk about How to get a dividend out of your company.
Views: 34516 oxfordaccountant
How Will The New Tax Cut Affect My Pension?
 
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Tony is worried about how the new tax reform will affect his pension. His yearly gross income is around $98k, he itemizes about $19k, pays $8k in property tax, he's single and under 65. Wes helps him crunch the numbers to see what 2018 has in store. Original air date: January 14, 2018 - Hour 2, Call 2. Wes Moss is the host of MONEY MATTERS – the country’s longest running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB. You Can Retire Sooner Than You Think, by Wes Moss - Buy it here: https://retiresoonerbook.com/ or on Amazon at http://a.co/4Srbldy
New Tax Code for IRA RMD’s
 
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http://IncredibleRetirement.com 800-393-1017 Is there really a new tax code that lets you reduce your required minimum distribution? This was the question one of our clients recently asked us. They had received an unsolicited email from somebody that they had never heard of. The subject line read something like, if you don't need your required minimum distribution, you don't have to take it if you use this new strategy? What could this new strategy, an exciting new IRS regulation be? Surprise! It's an annuity, but not just any annuity. It's a QLAC, a qualified longevity annuity contract. Here's what we told our client - this so-called new tax code, yeah, it came out back in 2015. So it's not a brand-new, super-secret provision in the tax code. Yes, we are familiar with qualified longevity annuity contracts, and so far, we just haven't been able to justify or recommend using them. We can send you tons of academic research that pretty much says most folks are better off keeping their money in a diversified investment portfolio. In our opinion, using the angle of reducing your required minimum distributions is a little disingenuous. Yes, your required minimum distributions are reduced based on the amount you put into a QLAC, but the reduction, in our opinion, is minimal. The maximum amount of money that you could put into a qualified longevity annuity contract is 125,000 or 25% of your IRA balance, whichever is lower. If you have an IRA valued at over a half a million dollars, you could put in $125,000 into a qualified longevity annuity contract. Your required minimum distribution would go down by maybe $5,700, and that reduces your taxes by maybe $1,425. so it's just not that huge of a tax reduction strategy, at least not the way this email made it sound. The way these contracts work is - at some point in the future, 5 years, 10 years, 20 years, you start getting income payments for life, no matter how long you live. The example they sent our client offered two options, which are the only options that these contracts have. It's life only either with or without a refund option, and there's a single life and a joint life option. They only sent our client the single life information, and here's what we found - with the life only with refund option, it would take him almost 15-1/2 years just to get back his initial deposit before he started collecting any of the insurance company's money. The good news is - if something did happen to him during the first 15-1/2 years, his heirs would've at least gotten back the initial deposit, less any payments already made. But if that happened, there would've been zero interest earned on the money - not a bad deal for the insurance company. If he went with the life only with no refund option, then he gets a bigger check every month and the time it takes to get his initial deposit back is reduced - now it's only 13-1/2 years that he has to wait in order to get his initial deposit back. The bad news is - if something did happen to him during the first 13-1/2 years, nothing would've been paid to his heirs. This is what the annuity industry calls mortality credits. The money not paid out to people who die early is used to pay out to people who live longer than the life expectancy the annuity company used to determine their payment amount. Again, not a bad deal, for the insurance company. Then, just to make things interesting, I checked out the background of the advisor that sent this email. The company that he works for, surprise, a wholly owned subsidiary of the insurance company selling this annuity contract. Huge conflict of interest, don't you think? Before you make an investment decision, especially on something that's new to you, get a second opinion from a trusted financial advisor. Someone who doesn't have skin in the game, someone who's not going to profit from your decision to buy a product. if you're not already a client of ours, we do provide a complementary second opinion service. We'll evaluate whether your current financial advisors are taking good care of you. If they are, we'll recommend that you stay with them. If not, we'll evaluate whether we would be the right advisor for you. If we aren't a good fit for your situation, we'll point you in the right direction for you.
Views: 546 Brian Fricke
Online Payment of Income Tax (Self-Assessment) for FY 2017-18  through Bank's Debit Card
 
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#SBR_078_14_06_18 https://youtu.be/p_o-6lU6Qek (12 Minutes) List of 26 Banks- Net Banking 5 Banks's Debit Card too Challan No. 280 0021-Other than Companies 300-Self-Assessment Online Payment of Income Tax (Self-Assessment) for the Fin year 2017-18 (Assessment Year 2018-19) through Bank's Debit Card; Challan Generated with BSR Code and Serial No of Challan information required for Filing of ITR
Your first Self Assessment tax return
 
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This video will walk you through completing your first tax return, with information on who can use the service, inputting your personal details and submitting your return. It also gives guidance on checking if you need to complete a tax return, signing into your online account and checking & filing your tax return. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer. You can find it here: https://online.hmrc.gov.uk/webchatpro... Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 84226 HMRCgovuk
Sage 50 Payroll (UK) - Update your employees' tax codes
 
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Use global changes to update your employees' tax codes for the 2018/2019 tax year.
A quick guide to PAYE
 
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The Pay As You Earn (PAYE) system is a method of paying income tax and national insurance contributions. An employer deducts tax and national insurance contributions from employees wages or occupational pension before paying their wages or pension. Informi is a free and impartial online resource for small businesses and startups. You can find more about managing your staff here: https://informi.co.uk/view/managing-people Download our free how to start a business in 20 days ebook here: https://informi.co.uk/articles/how-start-business-20-days-ebook
Views: 434 Informi
United Kingdom #31 - Income Tax
 
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Income tax Anyone who is physically present in United Kingdom for six months or more is regarded as resident for tax purposes. People who stays in UK less than six months aren’t usually regarded as tax residents and could claim for tax refund. The tax year in the UK starts on the 6th April each year and ends on the 5th April the following year. You will be automatically allocated a Tax Code with the beginning of your employment. If you only have one job or pension the tax code for 2015/2016 is 1060L for 2016/2017 it will be 1100L. You will pay income tax on the following: • salary, • profits you make if you’re self-employed, • some state benefits (the State Pension, Jobseeker’s Allowance, Carer’s Allowance, Employment and Support Allowance (contribution based), Incapacity Benefit (from the 29th week you get it), Bereavement Allowance, pensions paid by the Industrial Death Benefit scheme, Widowed Parent’s Allowance, Widow’s pension), • most pensions, • rental income, • benefits you get from your job, • income from a trust. You don’t have to pay tax on things like: • interest on savings under your savings allowance, • income tax from tax-exempt accounts, Individual Savings Accounts and National Savings Certificates, • the first £5,000 of dividends from company shares, • some state benefits (Housing Benefit, Employment and Support Allowance (income related), Income Support - though you may have to pay tax on Income Support if you’re involved in a strike, Working Tax Credit, Child Tax Credit, Disability Living Allowance, Child Benefit, Guardian’s Allowance, Attendance Allowance, Pension Credit, Winter Fuel Payments and Christmas Bonus, free TV licence for over-75s, lump-sum bereavement payments, Maternity Allowance, Industrial Injuries Benefit, Severe Disablement Allowance, Universal Credit, War Widow’s Pension, Young Person’s Bridging Allowance), • premium bond or National Lotery wins, • rent you get from a lodger in your house that’s below rent a room limit (From 6 April 2016, this is £7,500). If you file an annual paper tax return you have to do that by 31 October. If you file an annual online tax returns you have to do that by 31 January. If you will be late you have to pay £100. Income tax is deducted directly from your salary, through the Pay As You Earn (PAYE) scheme. The majority people in UK pay their tax with this system. Your tax contribution is deducted from your gross salary at the end of week, month. Your employer is responsible for sending this deduction to the HMRC. If you are self-employed you have to pay your tax direct to HMRC and this is called Self Assessment. But you have to be registered as self-employed with HMRC to do that. At the end of the year you will receive a P60 from which shows how much tax you have paid. If your job ends, you will be issued with a P45 to give to your next employer or Jobcentre. If you do not have a P45 when you start work or start your first job in the UK, your employer will give you a P46. If you are going to leave the UK or you already did it you must tell HMRC. If you’re not required to fill in a tax return, you’ll have to complete form P85 “Leaving the UK – getting your tax right.” HMRC will use the information on the form to send you any tax refund you’re owed and work out if you’ll become non-resident. It’s important you enclose parts 2 and 3 of form P45 if you have one, as HMRC will not be able to make any tax refund due without them. You can earn an amount of income in a tax year without paying income tax. It is called your Tax Allowance. If your income does not exceed your tax allowance then you will not pay income tax. For 2016 to 2017 the basic Personal Allowance will be £11,000 per year. Earnings above this level are taxed according to following rates: Band Rate Income after allowances 2016 to 2017 Starting rate for savings 10% (0% from 2015 to 2016) Up to £5,000 Basic rate 20% Up to £32,000 Higher rate 40% £32,001 to £150,000 Additional rate 45% Over £150,001 There are different tax rates in Scotland: https://www.gov.uk/scottish-rate-income-tax If you want to know more about income tax in United Kingdom please visit this website: https://www.gov.uk/income-tax If you need to contact with HMRC and you are currently in United Kingdom please call 0300 200 3300, if you are outside UK use this number 044 135 535 9022 8am to 8pm, Monday to Friday 8am to 4pm, Saturday If you are going to claim your tax refund or you need a help in filling an application you can contact with: HM Revenue & Customs, PAYE & Self Assessment BX9 1AS United Kingdom
Pension Calculation formula (latest)| Employee Pension Scheme 1995
 
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☑️Open Demat a/c with Zerodha using this link, get 7 investing courses FREE of cost: https://zerodha.com/open-account?c=ZMPCMI In this video, we talk about how to calculate pension under EPS (Employee Pension Scheme) easily. You will come to know about the easy pension calculation formula for employees, and can easily calculate pension and plan your retirement. This is the pension calculation formula for central govt. employees as well as pension calculation formula for state govt. employees. This also covers pension calculation as per 7th pay commission and we will keep updating you regarding future developments (if any). This is EPS calculation in Hindi and we hope it delivers some value to you, if it does, make sure to subscribe and hit the bell icon to show your support to us and to never miss a video from Labour Law Advisor. You can also check pension balance from Umang app available on both iOS and Android. Visit: For ESI, PF Consultancy or Payroll Outsourcing:- http://esipfadvisor.com/ [email protected] Like us on Facebook: https://www.facebook.com/esipfadvisor Follow our Blog: http://esipfadvisor.com//blog Useful videos below: PF withdrawal process online | EPF का पैसा निकालने का आसान तरीका https://youtu.be/uv8q6Rgb8lk Confirmation Slip | EPF payment receipt https://youtu.be/JemphDo6o38 UAN number kaise pata kare? | How to check/know UAN number from aadhar card? https://youtu.be/J5PpHv2MdzI ESIC benefits https://youtu.be/QGxO1lmCxdc How to Generate Direct UAN with AADHAR card | अपना UAN Number खुद create करें | https://youtu.be/hhTmJ2CPBJA EPF correction online| PF Name, DOB, AADHAR, Gender Change Process| Verification Method https://youtu.be/yHEq1oU72sY ESIC Challan Payment Online Procedure https://youtu.be/YeGfvHcdatw How to pay EPF online | PF Challan Payment https://youtu.be/XGNpVoB5wgA How to link ADHAAR with UAN Using Umang Mobile app | https://youtu.be/PQmFdX_4vA0 New EPF Establishment Registration Online | EPF Monthly Return https://youtu.be/bsqKtZrV6qk New ESI Establishment Registration Online | ESIC Monthly Return https://youtu.be/k1TXBq0hzpI How to activate UAN number (Hindi) https://youtu.be/NVc8nwuJElE How to check EPF or PF Balance - 5 Easy online methods https://youtu.be/VvZWxwPOyhQ Employee Provident Fund Act (EPF) Calculation https://youtu.be/ABcU3ug1ecE Employee Provident Fund Act 1952 explained | What is EPF Act https://youtu.be/y9kyV2N5cfY Employee State Insurance Act 1948 (ESI Act) Explained with Calculation & Example https://youtu.be/PXOXwCAHKug Adding new employee to EPF https://youtu.be/cJRLX7ayXXY Proof of PMRPY benefit in PF ECR | 100% Working Example https://youtu.be/UlhallS-wZ8 How to fill EPF nomination form online/offline and update PF nominee https://youtu.be/AtJSJPGN-Qs EPF KYC update online process with KYC approved by employer https://youtu.be/qojg3jnKAm8 New UAN activation online process [100% working] | Activate UAN number https://youtu.be/n0B0sGDQq78 UAN mobile number change | UAN password forgot? Reset https://youtu.be/5HcxCfP6xLA PMRPY 2018 | How to register/add new employee to PMRPY portal for full 12% benefit https://youtu.be/49x7DU4sz8A How to Download ESIC e-pehchan card | ESI ID card for treatment online https://youtu.be/eTRRhzloePg [100% working] How to download EPF passbook https://youtu.be/Q5qT1ArGMSE How to register DSC (digital signature) on EPF employer portal and approve KYC (HINDI) https://youtu.be/BVZEuGG1Kpw
Views: 339004 Labour Law Advisor
How To Pay Zero Taxes On Your Tax Deferred Retirement Accounts
 
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Complement with my new podcast episode on THE SCOTT ALAN TURNER SHOW: https://scottalanturner.com/itunes ===== DEALS ===== Want some extra money? Get my free guide How To Save $1,000 This Week. https://scottalanturner.com/save1000 Get the audio book of my #1 best seller free! Get yours here for a limited time: https://scottalanturner.com/millionaire ===== FOLLOW ME ===== Subscribe to this channel: https://scottalanturner.com/youtube Subscribe to my weekly e-newsletter: https://scottalanturner.com Follow me: http://Instagram.com/scottalanturner https://Facebook.com/scottalanturner23 The Scott Alan Turner Show Podcast: via iTunes: https://scottalanturner.com/itunes via Google Play: https://scottalanturner.com/googleplay via Spotify: https://scottalanturner.com/spotify via iHeartRadio: https://scottalanturner.com/iheartradio ===== ABOUT SCOTT ===== Scott Alan Turner is the new and true voice on money in America. Scott is a former money moron, living the paycheck-to-paycheck lifestyle, losing $40k by following bad investing advice, and racking up a load of credit card debt. But by age 35, he turned it all around and became a self-made millionaire. In a world of get-rich-quick schemes, biased advice, and financial pied pipers, Scott’s authentic, no-holds-bared approach makes it possible for anyone to absolutely rock their personal finances. Scott is on a mad mission to help you get financial independence, ultimate happiness and a life full of awesome experiences. With his rebel style, off-beat humor, and signature life-on-your-own-terms approach, Scott’s inspiring a movement of Financial Rock Stars across the globe. His podcast, The Scott Alan Turner Show, debuted at #1 on iTunes. Meet him at ScottAlanTurner.com
Views: 6869 Scott Alan Turner
What Should Your Tax Code Be?
 
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What is my tax code? (your top five questions answered) ird. Understanding your tax code taxaid. How do i check my coding notices? . If you are your tax code checks should carry out. On a 1100l cumulative code, the tax you pay on your main job should be correct, so long as earn at least 11,000 in job, or, if less than 4 dec 2015 need to complete code declaration (ir330) form and give it employer when first start employment 31 mar 2017 once know what take determines how much money have hand back this point put t preceded by figure showing level 5 apr 2016 hmrc normally send out paye coding notice is below 43k, then are paying too able 14 aug 2010 for someone aged 65, that 6,475. Tax codes the basics brightpay documentation. Tax codes free tax calculator to check yours mse. Tax codes for 2016 17 how to check your tax code telegraph. The pay as you earn (paye) system citizens advicemytax. Tax codes free tax calculator to check yours mse moneysavingexpert code url? Q webcache. Tax codes free tax calculator to check yours mseunderstanding your code for 2017 18 think money. However, a code of br (with no numbers) may also be used if you've started new job, don't have p45 form and haven't completed p46 before your first pay day what tax codes are, how they're worked out, to do you think is wrong 24 mar 2017 for any jobs other than main job will. Decoding your tax code royal london. How to check you're on the right uk tax code for 2017 18. For example, if you qualify for a basic personal allowance of 11,500, should be put on the standard tax code 1150l. Work out your tax code (tax rates and codes) ird. Hmrc tax codes how they affect your take home pay it contracting. Low incomes tax reform group. It's automatically deducted so that you don't. Your tax code checks you should carry out help for older understand your which? Tax codes explained inniaccounts. Hmrc's coding notice will say 'your personal allowances' and give a figure. This means that you'll pay income tax at 20. Googleusercontent search. Although the system sounds pretty simple, things can go wrong so it is very important that you check your paye hmrc gives employer or pension provider a tax code to show how much free pay should get each time paid deducted from if does not know what be, will be taxed on an 'emergency' of 1150l (1100l in 2016 17) given br always make sure correct amount and are emergency then this 1060l ask incorrect, could paying we aim explain have paid, makes appropriate adjustment 6 apr 2017 however, some form notification there any change payment, for example, 10 aug assign inform (often own company) help them calculate used by do code, receive coding notice uses tell claim refund writing office letter (or letters) tells deduct income over year.
Views: 121 Tip Tip 2
Tailor your tax return
 
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How to select the right pages on your online Self Assessment tax return. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer. You can find it here: https://online.hmrc.gov.uk/webchatpro... Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 37556 HMRCgovuk
P2 Tax Notice
 
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An HMRC guide to help you understand your P2 tax notice, what it means and what you need to do if you're received one. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 9062 HMRCgovuk
eTax.com Form 1099-R Distribution
 
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http://www.etax.com If you've received retirement payments throughout the year from your pension, annuity, IRA or similar type of plan, you'll receive a Form 1099-R as a report of the fund distribution. After an employee retires or becomes disabled, he or she can begin receiving pension and annuity distributions. If the employee made contributions after-tax, only a portion of the retirement payments are subject to tax. On the other hand, contributions made pre-tax are normally entirely included in taxable income when distributed. When a taxpayer choses to redirect retirement funds from one account to another without paying the taxes, they are performing a rollover. Form 1099-R will specify any direct rollovers in box 7 with either G or H codes. Any payments received prior to the taxpayer turning 59 ½ years of age are considered early distribution, and are subject to additional taxes. The government instills a 10% tax on early distributions in an effort to stray people away from using their retirement funds for other purposes. In addition to the federal government, early distributions may be subject to state penalties. There are a few exceptions which may alter the installation of this 10% tax to the entire distribution amount. Some of these exceptions are: death, disability, medical expenses greater than 10% of your AGI, and an IRS levy.
Views: 3512 eTax.com
Contractor Pensions
 
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http://www.tarpon-uk.com/ 0845 643 1580 [email protected] Contractor Pensions What is a pension? A pension is a long-term investment to provide a source of regular income when you retire. Contributions are made into a pension fund while you are working which will then give you regular payments once you have retired based on the amount you have contributed. A pension is one of the most cost effective ways of saving for retirement as the government gives you tax relief on contributions made. For example, a basic rate taxpayer can contribute £78 to their pension scheme; this is then "topped up" by the tax man meaning you actually have £100 contributed to your fund. Less than half of people are currently saving enough for when they retire and nearly a quarter of people are not saving at all. When you retire, you'll still have bills to pay and will also want a regular income so that you can enjoy and make the most of your retirement years. Why do I need one? A lot of people may think that retirement is a long way off for them, and so put off setting up a pension fund. But people are living longer meaning your retirement years could equal a third of your life, so the earlier you begin making contributions to a pension fund the better. The State Pension gives a basic income when you retire, but it is wise to set up a private pension as well so that you can live the lifestyle you want. Types of pensions • The Basic State Pension How much you get will depend on how much you have paid in National Insurance Contributions during your working life. • The Additional State Pension Depending on your individual circumstances, you may be entitled to additional State Pension. • Occupational Pension This is an arrangement that an employer may make to provide its employees with a pension when they retire. These are also known as work or company pensions. Most employers who run these schemes make contributions to the pension on top of the employee's contribution. • Stakeholder Pension This is an individual pension. The money you contribute is invested and can be moved to wherever you are working. There are a number of government requirements -- low minimum investments, capped fees and flexibility. • Personal Pension This is an individual pension which is likely to have higher minimum investments and fees than a stakeholder pension, but there will often be greater investment choice and flexibility. • Self Invested Personal Pension A Self Invested Personal Pension (SIPP) can allow you to take a much more active role in the investment of your pension pot. You may be able to choose from a range of fund managers and you could invest directly in property. You should always seek financial advice before making any decisions about how to invest for your pension. Employee benefits, contractor expenses, employment status, contractor tax, employment benefits, employee payroll, ltd co set up, ,simply names, set up ltd co, contractor payroll, umbrella service, umbrella co, HMRC contractor, HMRC umbrella, HMRC employed, Salary sacrifice, freelance work, freelance payroll, contractor mortgage, contractor pension, Contracting, payroll, Umbrella Payroll, IR35, advice, compliant, compliance, PAYE, employee management company, dispensation, Saving money in contracting, Consultant Technologies, IR35 solutions, Benefits of being a contractor, Contractor payments, good net pay in contracting. umbrella company tarpon payroll tarponltd ltd paye advice salary pay tax employee benefits agency contractor contracting
Views: 2596 TarponLtd
I can’t access Self Assessment online using my business tax account
 
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An HMRC video explaining what to do if you have problems accessing the Self Assessment service using your business tax account. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer. You can find it here: https://online.hmrc.gov.uk/webchatpro... Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 11978 HMRCgovuk
7702 Plan - What is a 7702 Plan
 
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What are 7702 plans – What is a 7702 plan for retirement? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of 7702 plans and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a 7702 plan. Before You Rollover Your 401k Into an IRA, Consider Tax Rule 7702 The conventional wisdom when you leave a job is to find a IRA advisor and rollover your 401k to continue the tax deferral benefits of an IRS qualified retirement plan, but more and more Americans are taking the time (and considerable effort) to set up a new IRS approved Private Plan retirement account under tax rule 7702. Properly structured there is no other retirement program like a 7702 Private Plan. Properly structuring a 7702 Private Plan is not for the faint of heart, the first and most important step is finding a qualified and experienced advisor. A 7702 Private Plan pays about 80% less commissions over a 10 year period than the average IRA account so most financial and retirement advisors won't even tell you about this plan because it will mean a big pay cut, and even fewer advisors have the skills or know how to set one up properly in the first place. Comparing a 7702 Private Plan to other traditional IRS Qualified retirement programs apples to apples is quite difficult for most people without the understanding of what you are getting out of your Private Plan. The first hurdle is to understand that contributions to a 7702 Private Plan are taxed similar to a ROTH IRA, so at first glance it may seem that you are losing a lot of money by making this type of a rollover and paying all the deferred taxes. Unlike traditional IRA, 401k and other plans, income from a 7702 Private Plan is tax free and is not counted as income to calculate Social Security taxes. With only a few exceptions, 100% of the income from a 7702 Private Plan is tax free, and unlike income from traditional retirement plans, 7702 Private Plan income is not considered when determining the taxes you will have to pay on your Social Security benefits. Over a 20 year retirement period this can account for a significant amount of money. Risk is another factor to consider. Recently we have seen tremendous losses in the stock market which has erased trillions of dollars in market value and reduced millions of American's retirement accounts, some with losses exceeding 50%. Properly structured, a 7702 Private Plan will earn returns based on a widely recognized stock market index. If the market index (let's use the S&P 500 as an example) goes up 10% in a year, then your account is credited 10% interest for that year. But if the market loses 10% during that same time, your principle balance and any credited interest in a 7702 Private Plan is safe, the account is simply credited 0% interest for that year (some 7702 Plan Administrators even give you the option to choose a declared fixed interest rate each year on the plan anniversary date, this is a useful option if you think the market is going to perform less than the declared rate for that year, when the market index begins to show life again you simply change crediting methods to earn the market based returns, either way in a properly structured 7702 Private Plan you can never lose your principle or credited interest due to market losses) Once again there isn't nearly as much commission in a 7702 Private Plan compared to most traditional IRS Qualified plans, so don't be surprised that your advisor hasn't told you about this heads you win, tails you don't lose investment strategy. For more information about the no market risk index strategy available in a 7702 Private Plan click to view this graph. There are additional 'living' benefits that can only be found in a 7702 Private Plan. State and Federal Law requires that a 7702 Private plan be administered by an insurance company licensed to do business in your State. This is because Congress mandates that a minimum Funding Guarantee Benefit be included in every 7702 Private Plan to qualify under IRC 7702. This means that if you were to pass away prematurely, your surviving spouse would receive a tax free payment of approximately what you would have saved had you lived and continually contributed to your Private Plan until retirement. Several Private Plan administrators are now offering 7702 Private Plan accounts that include a Flexible Guaranteed Funding Benefit where if you experience certain medical events in your life the entire benefit is available while you are alive. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: 7702 plan retirement 7701 plan income 7702 plans explained 7702 plan reviews 7702 plans review What is the best fixed indexed 7702 plan vs the top immediate income 7702 plans for retirement https://www.youtube.com/watch?v=vpN231g1zAM
Views: 20381 retiresharp
Tax Facts: About HMRC
 
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A general overview of what HMRC does, how taxes are collected and how the money is used. Tax Facts from HMRC provides tax education to schools and young people. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. A comprehensive teacher's pack, with ready-to-use lesson plans and exercises, is available to view or download, free of charge on the Times Educational Supplement (TES) website: https://www.tes.com/teaching-resource/tax-facts-teachers-pack-11075252 Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 8353 HMRCgovuk
How does tax relief on pensions work?
 
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Watch our video to learn more from Financial Planner, Richard Borrington, about one of the many benefits of pension contributions. For further information, visit www.boolers.co.uk
Views: 3607 Boolers
Sage 50cloud Payroll (UK) - Update your employees' tax codes
 
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This video explains how to use global changes to update your employees' tax code for the 2019/2020 tax year.
FERS Retirement Benefits Explained (A quick guide for busy employees)
 
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“You work for the government. You must have a great retirement!” As a FERS employee, you have 7 distinct retirement benefits to help you retire comfortably! Here's a quick guide to help you understand more about each benefit. ****To help you keep track of these benefits, I have this super simple and handy FERS benefit guide—I call it the The 7 Superheroes of FERS Retirement Benefits. You can get it free. Just go to https://www.fersblueprint.com/p/seven. This video is brought to you by the FERS Blueprint Online Retirement Training. We believe that it shouldn’t be so hard to get into retirement training, and that you should be able to learn when you want to and at your own pace. Now you can at the FERS Blueprint. Take a class today! https://www.fersblueprint.com ______________ It’s helpful to think of the benefits in terms of what they do for you in retirement. The first three benefits are income-based, which means money in your pocket. The next four benefits are insurance-based, which means “rainy day” protection for you and your family. Each benefit is subject to eligibility requirements. 1 FERS PENSION. You can get a monthly check from the FERS pension for as long as you live in retirement. Plus, there’s a benefit for your spouse if you pass away first. The amount you get in retirement is based upon how long you worked for the Federal government, what age you retire and how much you earned. There is an additional benefit that you may receive called FERS Supplement (sometimes it’s referred to as the “Social Security” Supplement). It’s only for eligible, long-term employees who retire under age 62. This is a separate benefit from FERS pension. 2 SOCIAL SECURITY. You can get a monthly check for as long as you live, with a potential benefit for your spouse if you pass away first. The amount you receive from Social Security is based upon how much money you earned over your entire work history (not just Federal employment) and at what age you are when you start receiving your benefit. You can start receiving your benefit as young as 62, but your benefit will be permanently reduced. The older you are, the more you’ll receive each month (maximum at age 70). 3 THRIFT SAVINGS PLAN. TSP is a different from FERS and Social Security. That’s because it’s a retirement savings plan—the amount you get from TSP is based upon how much you saved, your FERS Match and how the investments performed. You can choose to receive a monthly check from TSP, but there are also many other ways to set up income from TSP in retirement. Keep in mind that there are IRS age requirements. TSP offers a Traditional TSP and a Roth TSP. The investment options remain the same in retirement. 4 FEDERAL EMPLOYEES HEALTH BENEFITS (FEHB). This benefit provides health insurance for you, your spouse and eligible dependents that you can take into retirement. The share of cost and choices stay the same in retirement. You, as the employee, must meet eligibility requirements. 5 FEDERAL EMPLOYEES DENTAL AND VISION INSURANCE PROGRAM (FEDVIP). This benefit provides dental and/or vision insurance for you, your spouse and eligible dependents that you can take into retirement. The share of cost and choices stay the same in retirement. 6 FEDERAL EMPLOYEES GROUP LIFE INSURANCE (FEGLI). This benefit provides life insurance for you, your spouse and eligible dependents that you can take into retirement. The share of cost may change; however, there are flexible choices to suit your needs. Some options may even be free of charge in retirement. You, your spouse, and eligible dependents must meet eligibility requirements. 7 FEDERAL LONG TERM CARE INSURANCE PROGRAM (FLTCiP). This benefit provides long term care insurance coverage for you, your spouse and eligible family members. You can take existing coverage with you into retirement; or apply for coverage after you retire. Coverage subject to underwriting approval at time of application ______________________________ PROJECT Prepare2Retire is an educational division of The Monroe Team, Inc. DUNS Number: 032 057260. CAGE Code: 735L3. NAICS Code: 611710 Educational Support Services. Woman-owned, small business. PROJECT Prepare2Retire and FERS Blueprint are not affiliated with, endorsed or sponsored by the Federal Government or any US Government agency. PROJECT Prepare2Retire and FERS Blueprint are educational only. No specific financial, retirement nor tax advice is being offered. The material presented is as current as possible, but is necessarily generalized. Facts and opinions are based on research and experience, but are not endorsed by the Federal Government. It is recommended to consult with your personnel office and/or the Office of Personnel Management (OPM) Retirement Office, Thrift Savings Plan, Social Security, Medicare, Internal Revenue Service, your legal, tax and/or other advisor(s). © 2017. The Monroe Team, Inc.
How to set up your payroll for the new tax year
 
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Set up your payroll for the new tax year yet? Here's how. Employers, don't forget to set up your payroll for the new tax year. This short HMRC video tells you more. Useful links: Payroll:annual reporting and tasks: https://www.gov.uk/payroll-annual-reporting Updating your payroll software for the new tax year: https://www.gov.uk/payroll-annual-reporting/update-software Updating your employees' payroll records for the new tax year: https://www.gov.uk/payroll-annual-reporting/update-employees-records More help from HMRC if you're employing people: https://www.gov.uk/government/news/webinars-emails-and-videos-on-employing-people HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 47625 HMRCgovuk
Tax Facts: The hidden economy
 
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Tax Facts: The hidden economy An explanation of the hidden economy, its impact on society and how HMRC is tackling the problem. Tax Facts from HMRC provides tax education to schools and young people. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. A comprehensive teacher's pack, with ready-to-use lesson plans and exercises, is available to view or download, free of charge on the Times Educational Supplement (TES) website: https://www.tes.com/teaching-resource... Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 594 HMRCgovuk
Are IRA Distributions Taxable In New York State?
 
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Taxes on ira withdrawals which state's tax laws apply when i live in new york. New york tax iras? The motley fool does new fool knowledge iras. Decedent had not taken any distributions from the ira or pension at time of dec 24, 1998 new york state department taxation and finance. Distribution election new york state teachers' retirement. Wages are taxed at abstract taxation of pension plan distributions and individual retirement accounts (ira) in new york state city is complicated. Received in periodic payments (except ira or keogh)however, foreign pension distributions are not typically reported on new york state, local governments and federal government full exclusion section 114 of title 4 the u. How to inherit joint tenancy property in new york conversion means that what would be a taxable traditional ira distribution can made into plan of state or local government (section 457 plan), or; An nys pension and annuity exclusion. Ira beneficiaries who live in new york state get the same tax break on th e amount of distribution from ira account is added to your other taxable income plus ny rate 6. Also include distributions received from a new york state or local pension plan periodic and lump sum payments an ira, but not derived this option is most similar to you receiving paycheck employer your withdrawals are taxed as ordinary income. This includes distributions from iras. Took an early distribution (im 42) from. Googleusercontent search. As a result, ira distributions up to certain amount don't get taxed for new york state income tax purposes jan 4, 2017 are my social security benefits taxable by state? Account (ira) contributions deduction on return? Do i have pay taxes pension from state, local when taxpayer completes return, an opportunity exclude of and annuity is provided. Ira payouts may avoid state income tax wsj. The state of new york has a income tax, but residents benefit from an exemption on some their retirement that offers more favorable tax treatment than federal law. Roth iras how they work and to use them new york 403(b) field guide 2015 edition nysut member benefits. Code creates a limitation on state income taxation of certain pensions new york state, local governments, and the federal government. Tsb m 98(7)i 12 98 new york tax treatment of roth iras,tsbm987i. Does new york tax iras? The motley fool. However, the guidelines clearly state that exclusion is not to exceed 'regardless of source(s) income. Taxpayer services if a roth ira distribution is subject to federal tax because it was not jul 7, 2013 withdrawals from individual retirement accounts may avoid state income new york exempts taxation the first of plan you will pay $366 taxes on your pre are partially taxed. Aspx url? Q webcache. Distributions from an individual retirement account, deferred compensation non spouse beneficiaries cannot contribute to inherited ira and roll over, but if jay withdraws the immediately, it will count as taxable income him, $100k in
Views: 306 new sparky
HMRC - Help with Online Security
 
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An HMRC video outlining the security arrangements for it's online services. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 22128 HMRCgovuk
SBI DSP Salary Account || Unique and Special Benefits || you Don't Know
 
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Friend this video give you full description about unique and special benefits and services offered by SBI for DSP Salary Account.
Views: 84278 NB INDIA NEWS
The Tactics of Retirement Distributions – Steve Savant’s Money, the Name of the Game – Part 1 of 5
 
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Sub Headline: Successful Retirement Strategies are Based on Supporting Tactics Synopsis: A good retirement plan is a blueprint that outlines the overall goals during a retiree’s golden years. Included in the plan are strategies that support the goals and tactics that undergird the strategies. A comprehensive plan is based on taxes, income sources, risk mitigation and the best products to experience an enjoyable retirement. Watch syndicated financial columnist, talk show host and popular platform speaker Steve Savant address Retirement Distributions Content: Taxes are the largest expense in retirement. Learning the basics of income taxation should be at the top of retirement education. Tax management is not just during the retirement accumulation and distribution phase, but also the tax consideration of investments and savings vehicles. Here are some basic tactics to consider based on your effective tax bracket and if you can control your income. Keep in mind that the more tax diverse your portfolio is, the tactics can become more elaborate to reduce your tax bill. 1) Under the current tax code the standard deduction and personal exemptions can neutralize some of your taxable income during retirement. Non-qualified deferred monies like annuities can be designed to delay payments, i.e. forestalling a taxable event. Forestalling is just delaying taxes, it’s not eliminating taxes. But tax deferral has its own economic benefit during accumulation. HSA funds can pay for insurance premiums like long term care, disability and medical coverage, even Medicare Part B payments. HSA funds can also pay for legitimate medical expenses. Tax-free income can be generated from reverse mortgages, policy loans from TAMRA compliant cash value life insurance and Roth IRAs. So tax management can come in handy in retirement if you have tax diverse products. 2) Positioning “after tax” distributions as your first option before your qualified monies may have significant tax favored results such as lower capital gains treatment as one example. Again distributions from reverse mortgages, cash value life insurance, Roth IRAs and HSA accounts are not taxed and are not includable in the provisional income test or Social Security benefit taxation. 3) Deferring your Social Security benefits to age 70 will maximize your Social Security income and delaying qualified plan monies to age 70½ will allow an additional investment or savings cycle that potentially could increase your account just before retirement. These are basic considerations for retirees to ponder before they initiate income. Syndicated financial columnist, talk show host and popular platform speaker Steve Savant. In this series Steve addresses Selecting Between an IRA or Roth IRA in Order. Steve Savant’s Money, the Name of the Game is an hour-long financial talk show for financial professionals distributed online in 5 ten-minute video press releases Monday through Friday through Trans World News 280 media outlets, social media networks and industry portals. (www.lifesizesolutions.com) https://youtu.be/Lo3jyo478FM
Views: 1418 Steve Savant
Tax Hacks 2019: Can't Pay Your Taxes? Do This
 
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You're ready to file your taxes, then it hits you. You don't have enough money to pay for them. What do you do? »»» Subscribe to Money Talks News here to watch more videos: https://www.moneytalksnews.com/youtube-subscribe »»» Connect with us online: Like Money Talks News on Facebook: https://www.facebook.com/moneytalksnews/ Follow Money Talks News on Twitter: https://twitter.com/moneytalksnews Sign up for the Money Talks Newsletter: https://signup.moneytalksnews.com/ »»» About Money Talks News: Our goal is to help you reach your goals by telling stories that matter to you. Stories that offer specific advice on saving more, spending less, investing, and avoiding debt – without making your eyes glaze over.
Views: 365 Money Talks News
Sage Payroll - Check your pensions are set up correctly
 
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If you have any pension, personal retirement savings account (PRSA), retirement annuity contract (RAC) or additional voluntary contribution (AVC) deductions on your payroll, you must check they are set up correctly and have a pension link assigned to them.
McKinney discusses pensions, social security and estate tax code with seniors
 
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Sen. McKinney discusses pensions, social security and estate tax code with seniors at the Edgehill Complex in Stamford. Learn more: http://mckinneyforgovernor.com/
Views: 102 John McKinney
Wages Journal Basics - How to Payroll Accounting
 
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In this video, I share how to complete wages journals for payroll. This tutorial demonstrates UK Payroll accounting but the principles of double-entry are used internationally. The debits and credits of gross pay, net pay, employers and employees tax are detailed. Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac Support this Channel https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=FHGCUQ8GU9VB6 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Learn more at www.freebookkeepingaccounting.com
Views: 35933 BookkeepingMaster
Payroll Masterclass | Brief Overview Of National Insurance
 
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Your payroll software will calculate how much tax and National Insurance to deduct from your employees’ pay. These deductions are worked out using each employee’s tax code and National Insurance category letter. You may also need to deduct student loan repayments, pension contributions, Payroll Giving donations and child maintenance payments. You don’t need to register for PAYE if none of your employees are paid £112 or more a week, get expenses and benefits, have another job or get a pension. However, you must keep payroll records. 3aaa is an outstanding training provider of Apprenticeships in England, specialising in the delivery of Professional Services Apprenticeships such as Technology, Web and Social Media, Digital Marketing, Financial Services, Accountancy and Business Administration. We are a national company offering a personalised, local service in over 36 locations across England as we look to change the lives of young people through our work with local employers and helping these young people to find a pathway into the career of their dreams. For more information log on to: www.3aaa.co.uk https://www.facebook.com/3aaaUK https://www.twitter.com/3aaaUK https://www.linkedin.com/company/3aaauk https://www.instagram.com/3aaauk/