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01 Dec 2021
A new levy on large residential property developers’ profits intends to raise around £2 billion over the next 10 years, starting from next spring. The ‘cladding tax’ will be a 4% tax on developers with company profits of £25 million... Read more
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Insider: December 202129 Oct 2021
As a business owner, you will find that few things in your line of work are as precious as your time – time that would be better spent doing something other than accounting. Many people come to us asking for... Read more
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Business tasks to outsource29 Oct 2021
Despite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible. If you are approaching 55, you might be feeling a twinge of trepidation or excitement... Read more
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Pension options at the age of 5529 Oct 2021
NICs will rise by 1.25% for employees, employers and the self-employed from April 2022 to fund the Government’s new health and social care levy. In some scenarios, employees and employers can get around this by striking a salary sacrifice deal... Read more
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Insider: November 202128 Oct 2021
Chancellor Rishi Sunak resisted temptation to raise taxes to start paying for the emergency support schemes that kept so many businesses afloat during the pandemic in 2020/21.
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Autumn Budget 2021 – Biggest rates cut in three decades
28 Oct 2021
As the country emerges from the COVID crisis, Chancellor Rishi Sunak announced in his Budget today real terms increases in spending for all departments and some tax changes. The Chancellor attempted to paint a positive picture for the future, with... Read more
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Chancellor announces tax and spending plans in Autumn Budget30 Sep 2021
A chunk of time has passed since the self-employed income support scheme (SEISS) was launched in May 2020, following the onset of the COVID-19 pandemic. The first taxable grant, worth up to £7,500 in total, was paid out in August... Read more
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2020/21 income tax returns & the SEISS30 Sep 2021
The stamp duty land tax holiday in England and Northern Ireland has come to an end, more than 14 months after it first came into effect. The tax break saw most buyers who purchased residential homes for £500,000 or less... Read more
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Insider: October 202131 Aug 2021
Anyone who’s involved in operating a charity knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities very differently to businesses, offering some unique tax breaks in the process.... Read more
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Accounting for charities & non-profits