Corporation Tax rise axed as Chancellor aims for growth

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Corporation Tax rise axed as Chancellor aims for growth

Sep 27, 2022

Chancellor Kwasi Kwarteng's mini-Budget has scrapped a planned rise in Corporation Tax as part of a wide-ranging raft of tax-cutting measures announced last week. The Government says the move to scrap the rise will save £18.7 billion per year by 2026 as ...

Blog, Business accounting, Business Advice, General news, SMEs, Tax, VAT

Fiscal Statement

Sep 23, 2022

With a new King at the Palace and a new Prime Minister at Number 10, it was no surprise that the new Chancellor at Number 11 used his first statement to the House of Commons to signal a ...

Blog, SMEs, Tax

Tourism Tax – Will it help or hamper small tourist businesses?

Sep 14, 2022

Several cities, including those in the UK and the EU, are considering introducing a tax on visitors. There are major implications for introducing such a tax, with many hailing it as a great way to raise much-needed revenue for investment hotspots. On ...

Blog, SMEs, Tax

Can apprentices help with your skills shortage?

Sep 13, 2022

Many UK businesses are having problems with recruitment as the number of job vacancies has soared over the last 12 months. Key staff are also being enticed away by better offers from competitors. It’s a dilemma for SMEs, but also an ...

Blog, SMEs, Tax

What can you do to help your employees? Handy tips to help them cope with the cost of living crisis

Sep 08, 2022

With the ongoing cost of living crisis, people are continually looking for ways to save money. Whilst buying discounted food, choosing cheaper brands of clothing, or strategically filling the car up are all ways you can cut costs, there are several ...

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Changes to R&D tax credits regime introduced

Jul 26, 2022

New changes to the research and development (R&D) tax credits regime have been announced, with an estimated 90,000 companies benefiting. The changes will require people to apply for all reliefs online and pre-registration of claims irrespective of the company’s size. Launching on ...

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Have you claimed the working from home tax relief?

Jul 05, 2022

The eligibility criteria for the Government’s work from home tax relief was relaxed during the pandemic, as restrictions prevented many people from physically going to work. Thanks to this, if you were required to work from home for a limited period, ...

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Have you renewed your tax credits?

Jul 01, 2022

According to HMRC, 323,700 customers are yet to renew their tax credits, with just one month left to do so. Tax credits offer targeted financial aid to working families, so to ensure you receive what you are eligible for, it is ...

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Could you be missing out on tax savings?

Jun 21, 2022

With the soaring cost of living squeezing pockets, no one wants to be paying more tax than they should be. Despite this, over £20 billion of tax allowances and reliefs remain unclaimed in the UK. The key to taking advantage of ...

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Can my business pay for my garden office?

May 06, 2022

When it comes to purchasing and expensing a garden office, you may be wondering if your company can cover the costs. Whilst this is possible, there are the following caveats and issues to contend with that you should keep in mind. Capital ...

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