On 6 March 2024, the Chancellor shared his Spring Budget, announcing various tax measures and changes, with an emphasis on encouraging more people to work with less deduction. Here we summarise the significant changes that are likely to impact our clients most.
Read MoreOn 22 November 2023, the Chancellor made his Autumn Statement, which included numerous measures which he says will “increase growth and reduce inflation and debt” and here we focus on the most significant ones that will impact our clients.
Read MoreThe 2023/24 tax year brought about several noteworthy updates that individuals and businesses alike should be aware of.
Read MoreDid you know that if your earnings are between £100k to £125k you may be subject to an unofficial effective rate of income tax of 60%?
Read MoreHMRC are introducing new penalty and interest systems surrounding the submission and payment of VAT returns so make sure you file yours on time.
Read MoreThere’s no doubt, with interest rates rising, mortgages are becoming more expensive and difficult (our opinion only) to secure to get the best mortgage deal on your next remortgage or purchase, so what can you do to prepare?
Read MoreFrom 1st April 2022, it has now become mandatory for ALL VAT registered businesses, regardless of turnover, to be compliant for Making Tax Digital (MTD) and this will apply to any VAT returns for the period ended after 30 June 2022.
Read MoreWe are fast approaching the end of the current tax year on 5 April 2022 so now is the time for reviewing any last minute tax planning opportunities and review your taxable income and pension contributions.
Read MoreWe are just days away from the end of the 2020/21 tax year so you still have time to take advantage of any final tax planning opportunities. Here are our top 21 tax planning tips for 2021.
Read MoreConfused? On Saturday 31st October, the Prime Minister shared a myriad of graphs whilst announcing a further lockdown in England for November. And if that wasn’t confusing enough, just when we thought we understood the new Job Support Scheme, he instead announced an extension to the furlough scheme. With all the goalposts constantly moving, here’s our guide to help you get your head around the changes.
Read MoreOn Wednesday 8th July 2020 the Chancellor Rishi Sunak held a Mini Budget in a bid to boost the economy and kickstart recovery, pledging to “protect, support and create jobs” and giving a little something for everyone.
Read MoreThe P11D deadline is fast approaching so now’s the time to get this done if you haven’t done already. In most instances Class 1 or Class 1a National Insurance Contributions are due.
Read MoreThe government recently announced an update to the Coronavirus Job Retention Scheme (CJRS) extending it until the end of October 2020, and allowing employers to welcome those already furloughed back to the team on a part time basis where necessary.
Read MoreIf you are new to running a business or have recently switched careers you may not be clear on whether you need to file a tax return. Here our helpful guide helps break it down for you
Read MoreThe new HMRC portal for the Self-Employment Income Support Scheme is now live and HMRC are already paying out the grants on applications made. The portal is so easy to use, it’s child’s play. Have you applied? Our simple guide will tell you how to apply.
Read MoreThe Government’s Bounce Back Loan scheme went live on 4th May - with almost 100,000 applications submitted within the first 24 hours! Click here to read more about the criteria and application process.
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Working from home may be a huge adjustment to daily routine for some, but for others it could already be the norm. Here we run through our 5 top tips to stay productive, motivated and financially in the know for anyone working from home.
Read MoreWe are just days away from the end of the 2019/20 tax year so you still have time to take advantage of any final tax planning opportunities. Here are our top 20 tax planning tips for you.
Read MoreThere has been lots in the press recently about the changes to IR35 and although IR35 in itself is nothing new and has always been applicable to contractors, there are new rules coming into force that will affect many freelancers, but the good news is this has now been postponed to start in April 2021.
Read MoreWith an increasing number of families juggling work with raising a family, the government has introduced a number of initiatives to help with childcare costs. In April 2017 the Government launched the Tax Free Childcare scheme to help working families with childcare costs.
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