There is a new digital platform available now on GOV.UK that is revolutionising the way businesses can search for and apply for government grants.
Applying for a Government Grant? You need to know this
Tag Archives: tax
Should my business accept crypto currency as payment?
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.
Business Expenses – What’s allowed and what isn’t
You are self employed or maybe you are a new start up. You know that you can claim some business expenses but which ones are allowed and which ones are not? This article will help you.
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Why you need a fantastic accountant!
As a business owner, it’s important to manage your cash flow and stay on top of your tax obligations. This can be either overwhelming or time consuming (or both!) so having a reliable accountant on hand to manage your business finances makes sense. But when you engage a fantastic accountant – you will soon discover that they not only keep your finances on track, they offer so much more.
Budget 2023: key points you need to know
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
ACTION STATIONS: Super Deductions end on 31st March 2023
With the enhanced ‘super deduction’ capital allowance coming to an end, it may be worth making a capital purchase or entering into a contract for such a purchase, over the next few weeks. This needs to be weighed up against commercial need and consideration of the impending corporation tax rises. Here’s what you need to consider
Deadline to top up national insurance contributions just extended
The government have just extended the deadline for payment for buying back contribution years for state pension from 5 April to 31 July 2023 – taxpayers have extra time to make voluntary national insurance (NI) contributions going back to April 2006. The government has announced that contributions made in this window will be at the 2022/23 voluntary NI rates.
ACTION STATIONS: What you need to know about Corporation Tax Rises
The UK’s main rate of corporation tax will increase from 19% to 25% with effect from 1 April 2023. Not every company will pay at this rate. A small profits rate of 19% will be introduced for companies with annual chargeable profits of £50,000 or less, with a tapered tax band for those with profits between £50,000 and £250,000.
Check for gaps in your National Insurance record now to avoid pension shortfall
Update: Deadline for voluntary National Insurance contributions extended to April 2025 to check your National Insurance record to enable you to fill in any gaps in your NI contributions. Anyone with a shortfall in their record has until April 2025 to buy back their missed years to qualify for a full state pension
Be Scam Alert: Companies House fake message
A current email purports to be from Companies House. A scam email instructs you to check the information held about your company and says that if you ignore this instruction you may be subject to legal action
