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Calculating the Class 4 National Insurance Contribution liability | Makesworth Accountants in Harrow
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The self-employed pay two classes of National Insurance contributions – Class 2 and Class 4.
Class 2 contributions are weekly flat-rate contributions which provide the mechanism by which the self-employed build up their entitlement to the state pension and certain contributory benefits. By contrast, Class 4 contributions are based on profits from the self-employment and operate more like a tax in that they do not confer any benefit or pension entitlement.
Our team of accountants and tax advisers are all highly competent professionals providing proactive and quality advice to businesses, individuals, contractors and SMEs.
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Call: 020 7993 8850
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#NIC #Class4NIC #selfassessment
Class 2 contributions are weekly flat-rate contributions which provide the mechanism by which the self-employed build up their entitlement to the state pension and certain contributory benefits. By contrast, Class 4 contributions are based on profits from the self-employment and operate more like a tax in that they do not confer any benefit or pension entitlement.
Our team of accountants and tax advisers are all highly competent professionals providing proactive and quality advice to businesses, individuals, contractors and SMEs.
If you are looking for expert advice then,
Our Offices:-
For More Details:-
Call: 020 7993 8850
Social Links:-
Apps Links:-
#NIC #Class4NIC #selfassessment