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.
Read MoreWhen 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.
Read MoreFollowing the changes announced at the Spring Budget in March 2024, we highlight what changes you can expect on your Furnished Holiday Let next year.
Read MoreOn 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 MoreAt least it certainly feels like new year for accountants and tax professionals. With the official tax filing deadline of 31st January behind us, it’s assumed we can breathe a sigh of relief that it’s all over for one more year, however just because there’s a filing deadline it doesn’t stop taxpayers from filing their tax returns throughout the year so there shouldn’t really be a last-minute rush each year.
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 MoreAugust 6th is Cycle To Work Day! Getting on a bike instead of a packed commuter train has exploded in popularity - but other than the health and environmental benefits, did you know there is also a benefit to your pocket with the Cycle To Work Scheme?
Read MoreThings are a little different this year, and payments on account are no exception. HMRC have automatically deferred the 31st July payment on account until 31st January 2021. Here are our tips on how you can be prepared.
Read MoreElectric cars are good for the environment and can be good for your pocket. We know the general economical benefits, but if you’re running a business then there’s some tax benefits too….
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 MoreIf you are self employed you probably know that the tax return deadline is 31st January. But once you have submitted your information to HMRC…. what next? Click here for the FUSE Guide on Paying Your Tax Bill
Read MoreWith the festive season all but a distant memory, it is now time to make sure you get your tax return filed before the 31st January 2020 deadline.
Read MoreAs an owner managed business, there are certain costs that you will inevitably incur whilst running your business. Here we highlight the three most common things missed off of client expenses for income tax and a corporation tax purposes.
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