On 1st April each year, all minimum wage rates are increased. This includes all National Minimum Wages rates and the National Living Wage rate. By law, your employer must pay a minimum amount on average for the hours you work. This is called the:
With the growing popularity of cryptocurrencies, some businesses have started to accept crypto payments. Accepting crypto works well for some companies but how do you decide if it is right for your business? This blog will share some information that may help you to decide, although we always recommend taking professional advice before you adopt it as a new payment method.
Changes to UK tax rates and allowances are about to come into force. Be aware of key changes to the rates and allowances for the new tax year. Download our tax rate guide for up-to-date rates in the UK for the period 2023-2024
UK Chancellor Jeremy Hunt gave his Spring Budget yesterday telling MPs “the OBR is now forecasting that there will be no recession”. Worth noting, no extension was given to the super deduction tax which WILL now end 31 March ’23 and the planned Corporation Tax rate increase IS going ahead from April ’23
Your personal affairs, your family and business affairs, and your plans for the long term, need to be arranged as tax efficiently as possible. The period before the end of the tax year, on 5 April 2023, is the BEST time to do this. Make sure to check out our year end-tax planning guide 2022-23 – a must read, right now, to maximise the opportunities available
Continue readingUK Chancellor, Jeremy Hunt has delivered his Autumn Statement and stated UK “is now in recession”. The Treasury’s intention is to bring stability, protect growth in the economy and to continue to support public services.
Continue readingLiz Truss’ economic agenda has been deconstructed by new chancellor Jeremy Hunt in a bid to bring stability to the financial markets following the market’s reaction caused by the Mini-Budget. Here is our outline of the current position
Continue readingThe strong theme of the new Chancellor, Kwasi Kwarteng’s first budget has been the stimulation of growth. The mini-budget 2022 (not so mini) is designed to boost economic growth through tax cuts, which will be paid for by increasing the UK’s national debt.
UPDATE 3 October: *since the mini budget on Friday 23rd September, the government have made a U turn on abolishing the 45% high rate of income tax
Continue readingUnlike the usual calendar year, the Tax Year 2022/23 starts today 6th April 2022. 5th April 2023 will be the last date of the Tax year – check out the latest tax rates and what this means for you and your business here
Continue readingAgainst a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23rd March 2022 – find out what that means to you and your business here in our HB Accountants Spring Statement 2022 highlights
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