NEWS
We will keep you up to date with everything you need to know about your finances.
Super-deduction replaced by “full expensing”
In his first Spring Budget speech, Chancellor Jeremy Hunt announced a new "full expensing policy" to encourage business investment. Find out more here.
ESG: how green are you?
Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-run a business is. In this article, we’ll discuss how to assess your business’s environmental footprint, social impact and governance principles, and explain why running a forward-thinking business is so important.
Tax Card 2023/24
This tax card will provide all the rates and allowances based on the fiscal statement and Budget announcements made by the UK and Northern Ireland, Scottish and Welsh Governments.
Calls for R&D Reforms to be Paused
The Association of Taxation Technicians (ATT) welcomes a report by the House of Lords expressing concern over proposed reforms to the R&D scheme.
Chancellor Outlines Four ‘ES’ for Economic Growth
Speaking at Bloomberg’s European HQ in London on 27 January, Chancellor Jeremy Hunt outlined plans to grow the UK economy and turn the country into “one of the most prosperous countries in Europe”.
Over 300,000 Taxpayers Miss Self-Assessment Deadline
Despite a record 11.7 million people submitting their tax returns on time, over 300,000 taxpayers missed the self-assessment deadline.
Spring Budget: Other Announcements
Find out more about the recently announced Spring Budget and it’s effects on: alcohol and cigarettes, fuel, tax simplification, AI competition and more.
Spring Budget: Business Changes
Find out more about how the recently announced Spring Budget will impact your business.
Spring Budget: Personal Changes
Find out more about the impact of the recently announced Spring Budget on your personal finances here.
Spring Budget: Economic Outlook
In the new Spring Budget, Chancellor Jeremy Hunt made a statement about the economic outlook of the country, find out more about what he said in our article here.
Spring Budget 2023
The Spring Budget was released on the 15th of March 2023 by Chancellor Jeremy Hunt. Read our overview summary of what was said and what that means for you as a business, personally and for the economic outlook of the country.
Bank of England Raises Interest Rate to 4%
The Bank of England (BoE) has raised its interest rate by 0.5% to 4% following a monetary policy committee (MPC) meeting on 2 February.
Tax Relief on Pensions
Tax relief is one of the best features of using a pension to save for retirement.
MTD for ITSA: What You Need to Know
Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation has been relatively rocky to date.
Research & Development Relief Guidance Under Review
HMRC is inviting people to comment on draft guidance relating to the upcoming R&D tax credit relief reforms.
MPs Call for Urgent Improvements to HMRC’s Performance
MPs are demanding urgent improvements to HMRC’s “unacceptable service standards” after a parliamentary report discovered an “eye-watering” £42 billion is owed to HMRC from unpaid tax.
Inflation Remains a Key Concern for Business
Soaring inflation remained a key concern for businesses at the end of 2022, according to the latest quarterly economic survey from the British Chambers of Commerce (BCC).
Chancellor Reveals New Energy Discount for Businesses
The Government has announced a new energy bills discount scheme (EBDS) for UK businesses, set to replace the current energy bills relief scheme (EBRS) once it ends in March.
How to Build an Effective Business Plan
Businesses at any stage in their life cycle can benefit heavily from creating and implementing a business plan. Not only is a business plan there to map out your goals and aspirations, but also to identify any financial risks and operational challenges you may encounter.
Energy Price Cap Removes Risk for One in Four Businesses
One in four business leaders (24%) believe the Government’s energy bill relief scheme (EBRS) has removed a “serious risk” to their business, according to a poll by the Institute of Directors (IoD).