News
Income tax thresholds freeze – What it means for you
17 December 2022
You could see your Income Tax bill increase significantly in 2022-23 because of a freeze on Income Tax thresholds announced by the Chancellor at the Autumn Statement. While the basic (20 per cent) and higher (40 per cent) thresholds will remain at their current levels for an additional two years until 2028...
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What is the ultimate goal of your business?
17 December 2022
Planning for the future is essential when running a business and you should have a perspective of where you want to be in three to five years. Goals or targets provide a sense of direction, focus, and motivation. However, how do you set aims effectively?
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R&D relief slashed – Time to plan
17 December 2022
Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction and credit rates for the SME scheme. The R&D SME scheme enhanced deduction rate will be cut to 86 per cent from the current 130 per cent, and the payable tax credit rate...
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Companies House goes fully digital
17 December 2022
Companies House has gone fully digital after the announcement of the closure of its office in London and all filing being transferred online. It has also permanently shut the public counters in Cardiff, Belfast and Edinburgh. Online services will be available 24 hours a day, seven days a week.
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Be prepared for changes to Capital Gains Tax thresholds
17 December 2022
The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being cut in half again to £3,000 from April 2024. CGT is what you pay on any gains that you make when you come to sell an asset, such as a second home or shares.
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Autumn Statement 2022
17 November 2022
The message from the Chancellor, Jeremy Hunt, in the days before he rose to the despatch box in the House of Commons to deliver the Autumn Statement was clear; he would be outlining billions of pounds of tax rises and spending cuts.
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How to protect your business from inflation
16 November 2022
Inflation has been described as paying £15 for the £10 haircut you used to get for £5 when you had hair. It is soaring at the moment and leaves business owners facing real problems. If they increase their prices, they risk losing customers, but if they peg prices...
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How to keep workplace gifts tax-free this Christmas
16 November 2022
The season of goodwill is just around the corner as Christmas approaches. It is a time of year when employers look to reward their staff for their efforts throughout the year. But they should be aware that certain tax, National Insurance and reporting obligations could apply.
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IR35 rules – What they are and why they matter
16 November 2022
The status of IR35 or off-payroll working has caused some confusion since the repeals to reforms put forward by former Chancellor Kwasi Kwarteng were subsequently scrapped by new Chancellor Jeremy Hunt.
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New rules to address the soaring cost of card payment fees
16 November 2022
Card payments rocketed during the pandemic and that trend has continued since then. According to figures from the British Retail Consortium (BRC), card payments account for four out of every five payments made.
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Case Studies
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Taxing demands with old school charm
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A taste for growth, a thirst for knowledge
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Customer care is top of the list for packaging business
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A modern approach required for music moguls
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Smiles all round for dental practice
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Cut above the rest in personal management style
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Sometimes a business does exactly as it says on the tin
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A shared passion for architecture and a head for numbers
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Child's play with proactive accounts management