HMRC have extended the deadline to 5 April 2025 to top up NI contributions for the years from 2006 to 2016, so act now if you want to catch up and maximise your state pension entitlement.
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On 30 October 2024, the new Chancellor Rachel Reeves gave us Labour’s Budget 14 years on since their last one, announcing major changes and shake ups to the UK tax system. Here we summarise the significant changes that are likely to create the most impact.
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When it comes to accounting in today's digital age, it can be difficult to embrace digital transformation and effectively use technology to streamline and enhance the accounting process. Here are some key benefits and strategies for successfully implementing digital transformation in accounting.
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Following the changes announced at the Spring Budget in March 2024, we highlight what changes you can expect on your Furnished Holiday Let next year.
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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.
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On 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.
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The 2023/24 tax year brought about several noteworthy updates that individuals and businesses alike should be aware of.
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Did 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%?
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HMRC are introducing new penalty and interest systems surrounding the submission and payment of VAT returns so make sure you file yours on time.
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From potholes to swimming pools, Jeremy Hunt announced his Budget for Growth as Chancellor yesterday, based on his four pillars of growth – Enterprise, Employment, Education and Everywhere. And there are potholes everywhere…
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As we head towards the end of the 2022/23 tax year, we share our 23 top tax saving tips and planning suggestions to think about before starting the new tax year on 6 April 2023.
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Although there were no major headline tax rate increases in the Chancellor’s Autumn Budget, we will still see effective tax rises through cutting various reliefs and freezing thresholds.
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There’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?
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The NEW Chancellor of the Exchequer, Jeremy Hunt, announced that he will be revsersing some of the recently announced plans from the latest Mini Budget. We share what he’ll be striking through.
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Some interesting changes from Friday’s ‘Fiscal Event’ Mini-Budget. How will the new growth plan affect you?
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From 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.
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Gift Aid is the main vehicle for tax-efficient giving to charities. It applies to any donation whether large or small, regular or one-off. By confirming you are a taxpayers, you can ensure that your chosen charities can reclaim the basic rate of income tax on their donations, equal to 25% of the amount donated.
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Rishi Sunak delivered his Spring Statement on 23 March 2022, placing much emphasis on the strength of the UK economy, despite the consequences of the current events and the impact on the current cost of living. Here we share our key points.
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We 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.
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A lasting power-of-attorney (LPA) is a legal document that allows you to appoint a person (or persons) to act on your behalf to help you make appropriate decisions.
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