We are here to help with….

Many people come to us asking for help with tasks. If that rings true with you, it might be time to consider offloading some of that work outside of your expertise in order to give yourself back the time you need.  Bookkeeping The first rule of running a successful business is to keep accurate books.… Continue reading We are here to help with….

The temporary increase to the annual investment allowance has been extended by 15 months, just eight weeks before it was due to expire.

The allowance offers 100% tax relief on qualifying plant and machinery up to a specified annual limit. In 2019, the allowance was increased from £200,000 to £1 million – a rise that was scheduled to come to an end on 31 December 2021.  Chancellor Rishi Sunak has now extended the higher rate until 31 March… Continue reading The temporary increase to the annual investment allowance has been extended by 15 months, just eight weeks before it was due to expire.

Business rates burden eases for retailers and hospitality firms

Thousands of retail, hospitality and leisure firms in England will receive a short-term business rates reprieve in 2022/23, following Autumn Budget 2021. Chancellor Rishi Sunak announced a temporary 50% cut in their business rates, up to a maximum of £110,000 per business. Up to 400,000 businesses in these sectors – including pubs, music venues, cinemas,… Continue reading Business rates burden eases for retailers and hospitality firms

Salary-sacrifice arrangements could help employees negate the National Insurance contributions (NICs) rise during 2022/23.

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 to reduce an employee’s gross pay in return for certain non-cash benefits, such as pension… Continue reading Salary-sacrifice arrangements could help employees negate the National Insurance contributions (NICs) rise during 2022/23.

Employers to pick up the bill for 6.2% national living wage increase

The hourly national living wage rate for over-25s will increase from £8.21 to £8.72 for 2020/21. The Low Pay Commission published recommendations for the new rates, which kick in from 1 April 2020. The national living wage is the Government’s minimum wage for over-25s. The minimum wage for under-25s will also rise. Workers aged between… Continue reading Employers to pick up the bill for 6.2% national living wage increase

Tracing lost pensions

Billions of pounds lost in unclaimed funds. Helping you plan for your retirement is one of our core services, ensuring you are prepared when the time comes to call it a day. With medical advances enabling more people to live for longer, the average person who retires at 65 lives for another 20 years. According… Continue reading Tracing lost pensions

High earners need to read this

High earners could face large tax bills if they fail to declare pension contributions on their 2018/19 tax returns, according to a report. When completing self-assessment, taxpayers are asked if they have put any money into a pension scheme above the annual pensions allowance. For most people, this allowance is £40,000 – but for every… Continue reading High earners need to read this

Cash flow is king to survival

A quarter of small business owners in the UK believe their company will fold in the next four years, research has claimed. Late payments (54%), tax rates (44%) and cyber-attacks (27%) were the biggest concerns among the 500 owner-managers polled by cloud accounting software provider Xero. Other challenges included Brexit (44%), maintaining or boosting levels… Continue reading Cash flow is king to survival

The missing budget 2019

It’s been an eventful few years in British politics, but 2019 has been something else again with one jolt after another. The 29 March deadline for the UK to leave the EU was extended to 31 October and then again until 31 January 2020. Boris Johnson replaced Theresa May as Prime Minister and Sajid Javid… Continue reading The missing budget 2019