Dec 19, 2022 | FAQ, Information, Tips
Changes to the Capital Gains Tax (CGT) allowances announced in the Autumn Statement mean that from next April, the current £12,300 allowance will fall to £6,000 and then to £3,000 in 2024. This is a major concern for landlords with rental property, as this will make a...
Dec 7, 2022 | Business Start Ups, Information, News, Tax
It’s that time of year again – the shops are playing Christmas music, there are Christmas films starting to appear on the TV, and for many of us, there is a tax deadline looming, whether that is personal or for our business. This is the busiest time of year for...
Nov 28, 2022 | Business Start Ups, FAQ, Information, Misc, Tax, Tips
Do I need to pay plastic packaging tax? How much is plastic tax? And how do I register a breach of plastic tax regulations? The Plastic Packaging Tax came into effect in April this year, and if your business deals with any kind of plastic packaging in relation...
Nov 21, 2022 | Business Start Ups, FAQ, Information, Tips
The UK’s GDP fell by 0.3% in August according to official figures, and if GDP falls for two quarters in a row, that is the definition of a recession. Experts at the EY ITEM Club predict the UK will be in recession for three quarters, which would take us up to the...
Nov 14, 2022 | FAQ, Information, News, Tips
The market volatility resulting from the ill-fated mini-Budget on September 23 has created real concern for investors. Most of the measures announced that day were reversed just weeks later, but the fallout has left markets in a state of turmoil. The FTSE 100 was at...
Nov 7, 2022 | Business Start Ups, Information, Misc, National Insurance, News, Tax
The majority of measures in former Chancellor Kwasi Kwarteng’s mini-Budget have been scrapped after new Chancellor Jeremy Hunt tried to settle markets and politicians across the House of Commons with an Emergency Statement on October 17. Gone is the controversial plan...
Oct 31, 2022 | FAQ, Information, PAYE, Payroll
The changes to income tax rates are going to benefit all taxpayers from April next year as they get to keep more of the money they have earned. But one knock-on effect is that the amount of tax relief you can get on your pension will be reduced for both 20% and 45%...
Oct 24, 2022 | Business Start Ups, FAQ, Information, News, Tax
HMRC made some changes to the way Corporation Tax needs to be filed online in September, and companies need to be aware of what they are now expected to do and where there could be difficulties with filing online for certain items. One change which has been announced...
Oct 17, 2022 | Information, News, Tips
Registered company insolvencies in England and Wales rose by 43% in August this year compared to the same period in 2021, and they were 42% higher than in August 2019, the comparable period before the pandemic. In August this year, there were 1,662 Creditors’...
