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Self-employment

Article Abstract:

A brief description of the pros and cons of operating as a company, as well as of working out the tax, business expenses and allowances if self-employed, is presented. The advantages are still large enough for many small businesses to make it worthwhile, though changes in 2004-2005 have led to a reduction in the tax advantages of operating as a company.

Forecasts, trends, outlooks, Taxes, Proprietorships, Taxation, Forecasts and trends, Corporate taxes, Market trend/market analysis, Corporations, One-person corporations, Small and medium sized companies, Sole proprietorships

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National insurance

Article Abstract:

National Insurance contributions (NICs) are a kind of tax which funds much of the social security system. The type, or class, of NIC one pays depends on one's employment status.

Public Finance Activities, Tax Rates, FICA Taxes, FICA Tax Levels, Taxpayer compliance, Social security taxes

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