Xero subscriptions are increasing on 15 September 2022. See below what Xero have had to say about the price increase and what this means for you. Xero stated the following, “As a software service business, we are constantly enhancing and improving our product and so we need to regularly review our pricing in line with …
Yesterday, (Thursday 4 August 2022), The Bank of England increased interest rates by 0.5% to 1.75% making it the highest increase in 27 years. The UK is expected to enter a recession, with the cost-of-living crisis continuing throughout 2023 before beginning to ease in early 2024. The Bank of England have said the increase relates …
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 …
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 …
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 …
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 …
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 …
A tax efficient salary and dividends are how many directors of owner managed businesses choose to pay themselves. Many directors structure their remuneration this way is to maximise tax efficiency by minimising the tax payable on the money they withdraw from their company. What’s the Most Tax Efficient Director’s Salary in 2021/22? Sole directors – …
The Super Deduction – a new enhanced tax relief for companies introduced from 1 April 2021. The Super Deduction introduced 1 April 2021 until the end of March 2023 enables companies to claim 130% tax relief (through capital allowance) on qualifying plant and machinery expenditure. This is exciting news as it offers a significant tax …
The Chancellor Rishi Sunak delivered his budget on 3 March 2021 setting out the road to recovery for the UK post COVID-19. The budget included a number of announcements of additional support including an extension to furlough, further grants and an extension to the reduced VAT rate for hospitality and tourism businesses to name a …
