On 22nd November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament. Headlines included generous National Insurance Contribution (NIC) cuts for workers and the self-employed and the ‘biggest permanent tax cut in modern British history for businesses’. Below, we summarise the Autumn Statement headlines and other measures announced. Please…
A client recently asked us to check a letter they had received, as they felt it was suspicious. The letter looks as though it has come from HMRC with an urgent request regarding Web Filing Access for Corporation Tax. The letter looks very authentic and a great deal of time…
In the digital era, leveraging digital marketing offers a multitude of advantages that empower businesses to flourish and outpace their competition. Let’s take a look at the various ways in which digital marketing can be a game-changer for your enterprise. Cost-Efficient Marketing Solutions: Digital marketing presents a more cost-efficient alternative…
HM Revenue and Customs (HMRC) is reminding working families to give their childcare budget a boost by opening a Tax-Free Childcare account. Parents can use Tax-Free Childcare to help with childcare costs for school holiday clubs, breakfast or after school clubs, childminders or nurseries. You can get up to £500 every 3…
A Warning from HMRC The HM Revenue & Customs (HMRC) is alerting Self-Assessment customers to be vigilant against scam texts, emails and phone calls from fraudsters. As the deadline for submitting Self-Assessment tax returns for the 2022-23 tax year (31st January 2024) approaches, scammers are targeting unsuspecting individuals by posing…
Welcome to the November 2023 Tax Update. In this edition we take a look at year-end tax planning, are all LLP Members self-employed, HMRC challenging LLP schemes for property businesses. charging EVs at home, reclaiming input VAT on the sale of shares; and this month’s events on the accounting horizon.…
A Strategic Approach The concept of a circular economy (CE) has emerged as a groundbreaking model of production and consumption. It involves the shared responsibility of businesses in sharing, leasing, reusing, repairing, refurbishing, and recycling materials and products for as long as possible. This approach not only addresses pressing global…
What You Need To Know In response to the challenges posed by the COVID-19 pandemic, the Government introduced special provisions allowing those working from home to receive a tax-free allowance of £6 per week. This initiative provided significant relief to employees, enabling them to offset the additional costs associated with…
Unlock Substantial Tax Savings with this Little-Known Couples’ Financial Strategy Financial advisers have long been privy to a little-known tactic that could potentially save couples over £8,000 annually in taxes. This strategy involves transferring savings between partners, leveraging online calculators to determine the optimal amount to shift from the higher-earning…
The ultimate aim of every serious business person is to build a company that has value, so that it can be sold or transferred, allowing the entrepreneur to exit gracefully and profitably. Recently, we have been helping a number of our entrepreneur clients develop successful, tax efficient exit strategies. There…