Labour Budget 2024

The Labour Budget 2024 was expected to introduce some big increases in taxes as announced after the election with a black hole in public finances left by the Conservative government who had allegedly kept the Office for Budgetary responsibility in the dark about some...

Dates and deadlines for Limited companies

A number of startup clients have asked for deadlines of when they need to complete their records and file returns and I have produced a spreadsheet which summarises these for them but a little explanation may be of assistance. The starting point is the date of...

Companies, Children and benefits

The government is trying to encourage people back to work, but there are some current topical issues to consider when you have children: Child tax credits For lower income families tax credits are available based on your taxable income and for business owners most of...

Headlines for business from the Autumn Statement

The autumn statement is almost a 6 month budget now and there were a few changes which are of interest to business owners Increase in 100% allowances for capital expenditure Annual Investment Allowance increases from £25k to £250k from 1 January Any capital...

Jubilee weekend tax tips

As we look forward to the long weekend here are a few tips you may find useful: If you are completing the tax credit renewal form there are a couple of areas which may catch you out: Business owners – don’t forget to gross up dividends for 10% tax,...