I believe I have read this somewhere but now I cannot find how to input recurring national insurance contributions. Can anyone assist please?
Thanks
I believe I have read this somewhere but now I cannot find how to input recurring national insurance contributions. Can anyone assist please?
Thanks
If you’re referring to class 2 National Insurance Contributions (for sole traders) these posts may help:
How do I acount for class 2 National Insurance Contributions
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Thanks Glenn. Unfortunately i am thoroughly confused and getting nowhere.
I dont want to ignore these payments but it looks like I may have to as
their is no Category for NI contributions.
Hi @mike_treglown. If you’re a sole trader, then NI Contributions for yourself aren’t allowable expenses, so they should be tagged as drawings from the business account rather than tagged to a specific nominal code.
These NI contributions should be tagged on the bank as a transfer to the proprietors drawings account.
Then…
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