News
Fuel rate boost for electric car drivers, but other advisory fuel rates cut
29 March 2023
Company car drivers will see changes to the amount they can claim back for fuel costs from their employer from 1 March. HM Revenue & Customs (HMRC) has also confirmed that the way the advisory electricity rate (AER) is calculated has been changed to better reflect energy prices, particularly with soaring electricity...
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Employers brace for uplift to the National Minimum Wage
29 March 2023
Workers across the UK will get a pay rise from April as higher National Minimum Wage (NMW) rates are introduced. According to the Government, around two million of the UK’s lowest-paid workers will benefit from the rise in the National Living Wage (NLW) and NMW rates.
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Businesses must be prepared for imminent changes to Corporation Tax
29 March 2023
Businesses should be planning for the rise in Corporation Tax (CT), which comes into force from 1 April 2023, and sees the top rate of tax rising from 19 per cent to 25 per cent. The tax applies to all profitable limited companies – both from trading income and from the sale of investments or assets.
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R&D tax reliefs are changing in April – Are you ready?
29 March 2023
Chancellor Jeremy Hunt announced many R&D tax changes in his Autumn Budget, including how the funding is allocated, which will be implemented in April. He announced changes to the rates paid by the Research and Development Expenditure Credit (RDEC) for larger firms and the small and medium enterprises (SME) R&D relief scheme.
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Make voluntary National Insurance contributions to ensure pension entitlement
29 March 2023
People planning to claim the UK state pension have been advised to check their National Insurance (NI) record to identify any shortfalls in their payment history. NI contributions, or lack of them, can affect a person’s entitlement to the state pension in later life.
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Avoid stress and prepare for payroll year-end
29 March 2023
It is that stressful time of year again with the payroll year-end fast approaching. Payroll year-end ties in with the tax year-end, which is 5 April. The deadline for submitting details to HM Revenue & Customs (HMRC) is 31 May.
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Spring Budget 2023
15 March 2023
Just a few days short of the third anniversary of the first Covid lockdown, Chancellor Jeremy Hunt rose to the Despatch Box to deliver the first full Budget to have taken place in 504 days and the first unaffected by the immediate impact of the pandemic since October 2018.
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Avoid these costly VAT mistakes
10 February 2023
Small business owners need to take measures to avoid costly mistakes when it comes to calculating, reporting and paying Value Added Tax (VAT). The best way to prevent errors and stay on the right side of HM Revenue & Customs (HMRC) is to have an expert take care of your VAT affairs.
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What you should include in a business plan
10 February 2023
Business plans provide goals to work towards, help identify potential problems, give insight into competitors, and highlight potential opportunities. A great business plan should include a concept, strategy, executive summary, market analysis, competitor analysis, the company’s financials and a clear action plan.
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MTD for ITSA is delayed. Should you still go ahead with cloud accounting?
10 February 2023
Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will now come into effect in April 2026 for businesses, self-employed individuals, and landlords with gross business and/or property income over £50,000.
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Case Studies
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Cut above the rest in personal management style
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A taste for growth, a thirst for knowledge
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Smiles all round for dental practice
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Child's play with proactive accounts management
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A shared passion for architecture and a head for numbers
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Customer care is top of the list for packaging business
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Sometimes a business does exactly as it says on the tin
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A modern approach required for music moguls
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Taxing demands with old school charm