If your business owns residential property, you may need to pay tax this month

Many corporate entities and businesses purchase residential property to diversify and bolster their investments and generate profits through capital gains and rent. However, this strategy is not without its liabilities. Whilst you may be aware of the various taxes that apply to property – like Capital Gains Tax (CGT) or Council Tax – we often […]

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Five steps to growing your business, safely

There is an inherent degree of risk in any business growth strategy – but keeping this risk to a minimum can help you grow your business without sacrificing your hard work. Growing your business hinges on your ability to take calculated risks, whether that be by investing in innovation or by taking on a new […]

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Are barriers to investment harming your productivity?

A survey by the Bank of England (BoE) and the Department of Business and Trade has identified a potentially significant challenge facing SMEs on their journey towards growth. The survey’s findings indicate that investment is crucial to sustaining growth for SMEs, but that many businesses faced barriers to accessing finance to make sufficient investment in […]

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HMRC income tax receipts rise by £2 billion

HM Revenue & Customs (HMRC) recently reported a £2 billion increase in income tax receipts, reflecting a strong self-assessment period and an evolving dynamic within the tax landscape. The Government’s recent changes, including adjustments to National Insurance Contributions (NICs), have both mitigated and exacerbated the overall NIC burden. This is because they encompass rate reductions […]

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Redundancy regulations are changing – What it means for your payroll and policies

From 6 April 2024, UK redundancy rules will change, particularly surrounding pregnant employees and those on family-related leave. The new legislation extends the ‘protected period’ for redundancy to 18 months after the birth or adoption placement, requiring employers to prioritise these employees for suitable alternative employment in case of redundancies. The financial impact on your […]

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New tax year – New tax rules

With the start of the new tax year, taxpayers can expect significant changes that will directly impact their finances in the next tax year (2024/25). If you haven’t already, it’s time to closely examine your financial planning, including savings, investments, and tax compliance. So, what changes should you be aware of from 6 April 2024? […]

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Spring Budget ushers in property tax shake-up

Spring Budget ushers in property tax shake-up

The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face of an upcoming general election. Although the headlines have been dominated by the news that employee National Insurance Contributions will be cut further to eight per cent, Mr Hunt also announced several measures, which changed how certain property taxes will be applied. Largely […]

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Overhaul of non-dom tax status – What does it mean for those affected?

Overhaul of non-dom tax status – What does it mean for those affected?

You may have already heard that the Chancellor, Jeremy Hunt, has announced an end to the preferential tax treatment that non-domiciled individuals (non-doms) currently receive. At the moment, a non-dom – someone living in the UK but domiciled in another country – has two options when it comes to taxation. They can opt to be […]

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Holiday accrual to come in for zero-hours workers

Holiday accrual to come in for zero-hours workers

Following changes to the Working Time Regulations 1998 in January 2024, further amendments are set to come into force on 1 April 2024 relating to leave entitlement for workers on irregular hours. Upcoming changes will apply to workers on zero-hours or irregular hours contracts, as well as those who are on ‘part-year’ contracts, such as […]

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