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 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 MoreWith so much information, support and guidance out there it’s easy to get confused as to what is available, not to mention what rules apply! Have a read of our helpful breakdown and see what help is available to you.
Read MoreThe Chancellor Rishi Sunak yesterday made a speech announcing various further measures to support businesses and taxpayers. Here we take a look at the headlines announced
Read MoreThe last six months have been tough for everyone, but especially for the SME sector. Many businesses have struggled with the constant anxiety of reduced cash flow caused by the economic uncertainty resulting from the pandemic and the rules and regulations the Government have enforced to manage the virus.
Read MoreAs businesses start returning to normal, have you got your ducks in a row? Summer already feels like a distant memory and as we come into the last quarter of the year, September is a great time to make a plan for the next four months of 2020. With the end of the government support looming, and people returning to work, it’s time to plan ahead.
Read MoreAre you fed up of working from the kitchen table surrounded by kids and cables? As more people are now working from home, the desire for a designated workspace has become a priority. If there’s not enough space in your home and you run a business, find out where you can save tax on creating a garden office.
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 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
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