10 WAYS TO MANAGE YOUR CASHFLOW
Cash Is King. That’s the first rule we were taught in accounting, and its been sound advice. And at times, when business is thriving and cashflow is good, its easy …
Tax Tables 2022/2023
Our 2022-23 tax tables feature rates and allowances for the following: Income tax Child benefit Personal allowances National Insurance Pensions Enterprise Investment Scheme and Venture Capital Trusts Individual Savings Accounts (ISA’s) Capital …
THE GOVERNMENT’S ENERGY PLAN
The Government recently announced its Energy Strategy, in which is plans to increase UK energy independence and manage rising prices. Under the new plans, low carbon could become a source …
SOLE TRADERS AND PARTNERS TO FACE BIGGER TAX BILLS IN 2022
Partners and sole traders could be facing bigger tax bills in 2022 after a government proposal to change the date for businesses to report their profits, the Institute of Chartered …
NEARLY TWO MILLION WORKERS REMAIN ON FURLOUGH SCHEME
With the Coronavirus Job Retention Scheme (CJRS) coming to an end in September 2021, data shows nearly 2 million workers remain furloughed by their employers. In June, despite a drop …
Super Deduction Tax Breaks
What is it and how does it work? The super deduction £25 billion tax break, announced by Chancellor Rishi Sunak as “bold and unprecedented”, is intended to accelerate investments by …
Summer Budget 2020 – A temporary SDLT reduction
In his Summer economic update, as part of the ongoing government support during the COVID-19 crisis, the Chancellor announced a temporary reduction to Stamp Duty Land Tax (SDLT) on residential …
Mini budget announcement and what it means for you
What does the Summer Statement mean for small businesses? Chancellor Rishi Sunak has announced a package of measures to help small businesses survive the coronavirus pandemic, as the second phase of government …
Changes to the furlough scheme and what that means for you
Rishi Sunak announced this evening (29 May 2020) changes to the Coronavirus Job Retention Scheme, with businesses starting to share the cost of furloughing staff from August 2020 onwards. August: …
ALMOST HALF OF SMALL BUSINESSES DO NOT INTEND TO REPAY GOVERNMENT LOANS
Small business owners do not believe they will be taken to court for failure to pay, or they fear they will have gone bust within a year. A shocking 43% …