A guide to the Spring Budget Statement 2024The headline message from the ChancellorThe Chancellor delivered his last spring budget ahead of the election highlighting reforms aimed to ensure the tax…
What is a PAYE code? How do I find out my PAYE code? How do I recognise a PAYE code? What should my tax code be? How do I know what my…
A guide to the Autumn Statement 2023(including key announcements from the Spring Budget coming into effect next year)The headline message from the ChancellorThe Chancellor delivered his Autumn Statement for Growth…
Limited companies pay Corporation Tax on their profits. The rate has been 19% for many years but this changed on 1 April 2023. From this date, small businesses with profits…
What can I claim as self employed expenses 2023? Mobile Phone You can claim your Mobile Phone as a self employed expense - If you use your mobile phone for…
What do I need to do when setting up a new company? Should I set up as a Limited Company? When you start your own business, there are many things…
Capital Gains Tax Update for 2023 The capital gains allowance (that is the amount you can make before paying any tax) reduced to £6,000 on 6th April 2023. It was…
Change In Basis Period Reform While there is a delay to Making Tax Digital for income tax self assessment, unincorporated businesses will have to report their results on the tax…
FURNISHED HOLIDAY LETTING (FHL) In the UK, there are special tax rules and reliefs for properties that qualify as furnished holiday lets (FHL’s). This means that a FHL is more…
In the Spring Budget 2023, the Chancellor, Jeremy Hunt, highlighted that “In the autumn we took difficult decisions to deliver stability and sound money… Today, we deliver the next part…