Autumn Budget 2024 – Key Points

Autumn Budget 2024

The Chancellor Rachel Reeves delivered the Autumn Budget 2024 speech at 12.30pm today which lasted over 80 minutes.  The first Budget speech made by a Labour Government since 2010.  The speech was highly anticipated and considered to be a big, consequential one.  The Chancellor has announced £40bn of tax rises of which £25bn is set …

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Tax efficient cars for company owners

Who wouldn’t want a company car?  Well, potentially those who don’t like paying more tax than they need to. Many company car drivers will be aware that having a company car can result in significant Income Tax bills. The use of a company car is considered by HM Revenue & Customs (HMRC) to be a …

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Spring Statement 2022 – Key Points

Spring Statement 2022

Chancellor Rishi Sunak delivered his Spring Statement today.  Many were hoping his announcements would help individuals and businesses in the face of increasing costs, with inflation at a 30 year high at 6.2%. Many tax increases have already been announced – with increases to National Insurance from April 2022 to fund the increasing cost of …

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Top 5 Tips to Using Xero Efficently

Liam’s Top 5 Tips to Using Xero Efficiently  After a very stressful and tough two years for all businesses, now more than ever is the time for you to know how your business is doing, and there is no better Accountancy Software than Xero to help.  It can seem to be a daunting task to keep Xero up to date, but here are my top 5 tips …

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Autumn Budget 2021 – Summary for business

Chancellor Rishi Sunak delivered his Autumn Budget statement with many tax increases already announced – with eye catching increases to National Insurance from April 2022 to fund the increasing cost of social care and a Corporation Tax increase which takes effect from April 2023. It was therefore good news that no further major tax increases …

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Autumn Budget 2021 – Summary for individuals

Chancellor Rishi Sunak delivered his Autumn Budget statement with many tax increases already announced – with eye catching increases to National Insurance from April 2022 to fund the increasing cost of social care and a Corporation Tax increase which takes effect from April 2023. It was therefore good news that no further major tax increases …

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VAT Reverse Charge In The Construction Industry

Tradesman Accountants

There are significant VAT changes being introduced into the construction industry from 1 March 2021. The rules being introduced are a VAT reverse charge for building and construction services to combat VAT fraud within the construction industry. What is the VAT reverse charge? The VAT reverse charge will apply to businesses who are VAT registered …

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Coronavirus Self-Employment Grants

Last Updated: 5 April 2021 If you are self-employed or a member of a partnership and have been adversely affected by Coronavirus you will potentially qualify for a Self-Employment Income Support Scheme Grant. You can make a claim for the grant at https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme. You will require the following details to make a claim: Self Assessment …

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