Spring 2024 Budget Statement Content accurate as of 6 March 2024 On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of […]
With the current cost of living crisis and increased expenses everywhere, we look, it’s no surprise we see the word recession thrown around a fair bit right now. The Bank Of England, in fact, has warned that the UK is looking at facing a prolonged recession, predicting England’s economy will be one of the worst […]
As a business owner, it’s not uncommon to feel like you’re just getting by from day to day. With so much to worry about, it can be tough to think about anything beyond the present moment and immediate future. Planning for retirement or for what would happen to your business if something went wrong can […]
Spring Statement Update March 2022 On Wednesday 23 March 2022, The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement. The update as to how these announcements will impact you and your business in a simple non-jargon summary is below. National insurance contribution (NICs) increases National insurance contributions paid by employees, employers and the self-employed are increasing by 1.25% […]
Self-assessment tax returns occur once a year and are known to cause a lot of aggravation amongst business owners, entrepreneurs and the self-employed. Below will tell you all about self-assessment tax returns and whether or not you need to file one. Self-assessment tax returns exist to make sure that individuals report their annual earnings and their […]
Covid-19 has wreaked havoc throughout the world. With the third lockdown now upon us, many self-employed workers are suffering from enormous losses to their income. The good news is help is available. The government’s new scheme, known as the Self-employment Income Support Scheme, was designed to help workers through the coronavirus crisis. The SEISS arrangement […]
There are numerous reasons why your small business may need to hire an accountant; from spending far too much time on bookkeeping to merely desiring to organise your business finances a little better. If this is the case, it would probably be beneficial to hire a business accountant-but where to begin? These five simple tips […]
The time has come for millions needing to file a self-assessment tax return and pay the tax owed. All self-employed people are subject to have a deadline of 11:59pm on January 31st 2021, and there are still 5.4 million people left to file! There are three separate issues to deal with: First of all, qualified […]
Most often, it is fair to say that most business owners are not confident when it comes to deciding which aspects of their tax duties they can deal with themselves and when they can be at an advantage from calling in a professional. Some would argue that giving the job to an accountant is a […]
According to an announcement from the National Audit Office, over 8 million people in the UK are currently struggling to pay their debts or meet their monthly household costs. Most homes are spending a substantial amount more than they are actually earning, with an extraordinary 8.1% more spending on credit cards within a year. It […]