The importance of financial reports as a business owner
As a small business owner, you will be in charge of many things and must juggle many responsibilities.
Avoid stress and prepare for payroll year-end
It is that stressful time of year again with the payroll year-end fast approaching. Payroll year-end ties in with the tax year-end, which is 5 April. The deadline for submitting details to HM Revenue & Customs (HMRC) is 31 May.
Make voluntary National Insurance contributions to ensure pension entitlement
People planning to claim the UK state pension have been advised to check their National Insurance (NI) record to identify any shortfalls in their payment history. NI contributions, or lack of them, can affect a person’s entitlement to the state pension in
R&D tax reliefs are changing in April – Are you ready?
Chancellor Jeremy Hunt announced many R&D tax changes in his Autumn Budget, including how the funding is allocated, which will be implemented in April. He announced changes to the rates paid by the Research and Development Expenditure Credit (RDEC) for
Businesses must be prepared for imminent changes to Corporation Tax
Businesses should be planning for the rise in Corporation Tax (CT), which comes into force from 1 April 2023, and sees the top rate of tax rising from 19 per cent to 25 per cent. The tax applies to all
Employers brace for uplift to the National Minimum Wage
Workers across the UK will get a pay rise from April as higher National Minimum Wage (NMW) rates are introduced. According to the Government, around two million of the UK’s lowest-paid workers will benefit from the rise in the National
Fuel rate boost for electric car drivers, but other advisory fuel rates cut
Company car drivers will see changes to the amount they can claim back for fuel costs from their employer from 1 March. HM Revenue & Customs (HMRC) has also confirmed that the way the advisory electricity rate (AER) is calculated has been
Large number of over 65s file Self Assessment tax return
The 2021 to 2022 tax year saw a considerable amount of people aged 65 and over filing a tax return.
