Insider: December 2022

The Bank of England (BoE) decided to increase the base interest rate from 2.25% to 3% last month in a bid to curb inflation. The 0.75 percentage point rise is the largest hike since 1989 and the eighth consecutive increase since December 2021. Updated projections from...

Self-assessment tax returns

With the new year just around the corner and tax season fast-approaching, now’s a good time to get a head start on your self assessment tax return. Self-assessment is a system HMRC uses to collect tax on income that wasn’t taxed at source. People who are selfemployed,...

Retirement planning

With the rising costs of living affecting every aspect of almost everyone’s finances, there’s no time like the present to start considering your retirement plans. Unfortunately, the Government has significantly increased the state pension age over a number of years....

TC Group Charity Newsletter – Autumn 2022

TC Group has a long-established involvement in the not-for-profit sector, working with many charities (including independent schools). Our Charity News includes the latest guidance and support available for the not-for-profit sector as the cost of living crisis starts...

Insider November 2022

Mortgage rates have been rising throughout 2022, but there was a significant increase after the mini-budget announcement on 23 September. The average two-year mortgage also hit its highest rate since the 2008 financial crisis at 6.07%. Following the announcement, a...

IR35: The rules now

Late September into mid-October has been a turbulent time for the Government and a confusing time (at best) for taxpayers, after former chancellor Kwasi Kwarteng’s fiscal statement. On 17 October, the new chancellor, Jeremy Hunt, reversed around two thirds of the tax...