Chancellor Jeremy Hunt has announced the 2024 Spring Budget, emphasising permanent tax cuts as a strategy for long-term economic growth. Our team of experts has delved into the details, highlighting the key tax reductions and support measures that will directly affect individuals and businesses throughout the UK. Explore the details below to gain valuable insights … Read more
There have been a significant number of tax changes for property investors, developers, and landlords throughout 2023. These changes could affect your income or how you operate in 2024 and beyond, so it’s important to understand them now! From cost-of-living rises potentially impacting development costs to Capital Gains Tax exemption amounts, here’s a summary of … Read more
Capital Gains Tax, or CGT, is the tax you will pay when you sell or gift an asset specifically for profit. It is a complicated subject, and the rate of tax you could pay depends on your financial situation at the time of the sale. CGT can impact a wide range of people, from private … Read more
The self-assessment tax return deadline is on 31 January 2024, so it’s that time of year where all self-employed and freelance workers should be thinking about their finances again. Maximising tax efficiency when self-employed can seem daunting no matter how many times you do it, but it really doesn’t need to be. Here are some … Read more
Private investing has long been a source of financial growth for private investors, often allowing individuals to stay in line with inflation over the course of several years or decades. However, investing doesn’t come without risk. There is always a chance that investors could lose money on the market, and venture capital strategies are often … Read more
The new financial year in April 2023 has brought with it significant changes to Corporation Tax (CT), also known as Corporate Tax, for businesses of all sizes. These changes could end up significantly affecting your bottom line. CT has been at a flat rate of 19% since April 2017, so this may come as … Read more
Starting a business is exciting, but it also comes with many challenges, that can be made even harder if you don’t have the right business plan in place, especially in an unfavourable economic situation. Approximately 20% of start-ups don’t see their first anniversary, with 60% failing within three years of business. That’s why receiving … Read more
On 4th January 2023, HMRC published guidance on a new penalty regime for late submission and payment of VAT returns, which has brought VAT penalties closer in line with those currently in place for direct tax returns. The new penalty charges apply to all VAT accounting periods starting on or after 1st January, and unlike … Read more
The new tax year starts on 6 April 2023, which means that now is the perfect time to get your finances in order. Several important, tax-efficient allowances reset and rollover between financial years, so it’s important to make sure you’ve done all you can to help grow your savings. As a leading Chartered Accountants in … Read more
The current cost of living crisis is making financial management difficult. Simply put, businesses, business owners and corporations alike are struggling to keep up with the rising costs of energy bills, petrol, business supplies, and more. UK inflation is currently being driven by several factors, including increased costs within the supply chain and logistics industry … Read more
