Hi,
New user here. How do I tag Class 2 NICs direct debits?
Thanks in advance.
Hi,
New user here. How do I tag Class 2 NICs direct debits?
Thanks in advance.
Class 2 and 4 NI contributions are not allowable expenses.
If you’re not operating a business account, simply delete them. If you are operating a business account, in order to complete your bank reconciliation, tag the NI contributions as a transfer to the ‘Proprietor’s Drawings Account’.
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Pleased we could help!
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