Jun 5, 2023 | Business Start Ups, Expenses, Information, News, Tips
The cost-of-living crisis is taking its toll across all areas of our lives now. While inflation has fallen very slightly this month to 8.7%, food prices remain stubbornly high, and the Bank of England (BoE) is expected to continue with its base rate rises until later...
May 8, 2023 | Expenses, FAQ, Information, Misc, News, Tax, Tips
Higher earners have been dealt a blow after the Chancellor changed the level at which the 45% additional rate of tax applies from £150,000 to £125,140. The move takes effect in the 2023/24 tax year and brings the threshold in line with the point at which the personal...
Apr 24, 2023 | Expenses, FAQ, Information, Misc, News, Tips
Childcare benefits with a sting in the tail for high earners Up to 30 hours of free childcare per week will become available for any child older than nine months from 2024, when there is a staggered introduction starting at 15 hours in April 2024, rising to 30 hours...
Apr 17, 2023 | Expenses, FAQ, Information, Misc, News, PAYE, Pensions, Tips
Pensions got a major overhaul in the Chancellor’s Budget announcements, with an increase in the amount you can put into your pension each year and an effective removal of the limit that your pension can reach before facing significant penalties of as much as 55%....
Feb 6, 2023 | Expenses, FAQ, Information, Misc, News, Vat
A new VAT penalties regime was brought in this month, and any firms or individuals missing their filing deadline from January 2023 onwards will receive penalty points even if there is no VAT due to be paid. While this may sound more benign than getting a fine,...
Jan 23, 2023 | Business Start Ups, Expenses, News, Tax, Tips
New Extended Producer Responsibility (EPR) come into effect at the very start of 2023, and companies need to be aware of their responsibilities when it comes to every type of packaging from wood, plastic, paper, glass and ‘other’ as determined by the new rules....
