Entries by Dan Herridge

Spring 2024 Budget summary

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 […]

Dealing With A Potential Recession

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 […]

Spring Statement Update 2022

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% […]

A Beginner’s Guide To Personal Tax Return’s

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 […]

Will There Be A Fourth Self-employment Support Scheme Grant?

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 […]

Don’t Miss The January 2021 Tax Return Deadline

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 […]

How to Reduce Your Debt

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 […]