Business Guides

How to build a 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...

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Corporation Tax 2023

After multiple policy U-turns and much uncertainty, the main rate of corporation tax will rise from 19% to 25% from 1 April 2023, affecting companies with profits of £250,000 and over. The legislation provides that small companies with profits up to £50,000 will...

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Insider Feb 23

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. The new support package will last from 1 April 2023 to 31 March 2024, giving organisations a...

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Insider: January 2023

The Treasury has confirmed that Making Tax Digital for income tax self-assessment (MTD for ITSA) will be delayed a further two years until April 2026. According to First Secretary to the Treasury Victoria Atkins, this phased approach will give businesses more time to...

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Income tax: What’s changing?

A number of changes are coming to income tax in April 2023 that will affect taxpayers across the UK Many of these measures were announced by Chancellor of the Exchequer Jeremy Hunt in his Autumn Statement on 17 November. According to Hunt, these decisions will see...

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Side hustle into dream job

A side hustle is a piece of work or a job that an individual can get paid for in addition to their main job. From driving for a ride sharing company to tutoring online, copywriting, and more, a side hustle could be any commercially viable endeavour. The practice...

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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...

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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,...

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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....

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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...

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