A new online training course for small business leaders – called Help to Grow: Management Essentials – has been launched by the Government. The free self-guided course has been designed to offer practical advice and resources for small business leaders and is an introductory version of the full Help to Grow: Management course launched in […]
The complexity of the tax system means that there are a number of business expenses which you might have overlooked or are unaware of. The following are particularly useful for sole traders or if you’re self-employed. So what will HMRC allow you to claim? Don’t forget that to be classed as allowable expenses, any of […]
Holding crypto assets, and trading in crypto currency, have become much more mainstream activities in recent years. Increased scrutiny by HMRC and a new tax reporting framework means that in the future these transactions will need to be included on tax returns. Crypto assets are an increasingly popular type of investment with 10% of people […]
In a rather combative presentation, Chancellor Jeremy Hunt delivered what is widely expected to be the last budget statement before the general election. With limited headroom and the now usual trail or announcements in the lead up to his commons speech, there were no big surprises arising from this budget. Even the 2p reduction in the National Insurance contribution paid by employees, which was supposed to be his big curtain call announcement, had already been ‘leaked’ before the budget.
How on earth do you deliver an economy boosting budget when there’s no spare cash for headline grabbing giveaways, you have double digit inflation, you may or may not be heading into a recession, there’s war in Europe and the country is still struggling to recover from the impact of Brexit and the Covid pandemic? That was the uphill challenge facing Chancellor, Jeremy Hunt, when he stood up on 15th March to deliver his Spring Budget.
Our Spring 2023 tax year end newsletter can now be downloaded here.
The number of companies collapsing into insolvency towards the end of 2022 increased significantly. Having already seen 1,948 businesses closing down in October, the November figure was even higher with 2029 shutting up shop. As well as showing an increasing trend for the year, these figures also represent an alarming jump year-on-year and also when we look back to pre-pandemic statistics.
As the runners and riders begin to line up, one thing is for sure, the subject of taxation will play a key part in the election process as each candidate tries to woo their colleagues and prove that they truly are a Conservative Prime Minister.
When considering 2019 in retrospect, the kneejerk reaction would be to say that it has been a hard year. But when we stop and consider the facts, they might tend to tell a different story. Gretchen Rubin is credited with the quote ‘The days are long, but the years are short’ in the context of […]
Our Spring 2019 Tax Briefing is now available for you to download. In this edition we look at key tax topics as we approach the new tax year and crucial dates around the Brexit process and introduction of Making Tax Digital for VAT. Employee Benefits Vat: Brexit Realities MTD Facts and Fiction Pension Health Check […]
Amid much talk of further tax rises in the pipeline, to help offset the impact of Brexit and to support the Governments planned spending increase on the NHS, HMRC has announced that it had a record tax take in the 17/18 tax year. The total take of just over £605 billion is up 5.4% on […]
The streets of Chichester have been alive in the evenings again as the City welcomes back the Corporate Challenge. The series of three races, which take place this year on the 21st February, 7th and 21st March, are organised by the Chichester Runners with runner numbers sponsored by Evans Weir. Recent coverage of the first […]