SPRING BUDGET 2024 - Key Points
Chancellor Jeremy Hunt has cut workers' National Insurance from 10% to 8% The higher rate of capital gains tax on residential property...
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News & updates
Take a look at our blog posts below to get the latest insight and opinions on the tax and accounting issues that matter to you...
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Stephen Kelly
- Jan 3
- 2 min
January 2024 HMRC Side Hustle Clampdown
From 1 January 2024 HMRC's involvement with OECD (Organisation for Economic Co-operation and Development) will mean that Digital...
87 views0 comments
Stephen Kelly
- Nov 24, 2023
- 1 min
THE 2023 AUTUMN STATEMENT
The 2023 Autumn Statement was fairly light on any real content, so below is a summary of the few points that are relevant to individuals...
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Stephen Kelly
- Nov 3, 2023
- 1 min
Changes to Limited Companies Reporting Requirements
Recently passed legislation (The Economic Crime and Corporate Transparency Act) meaning that there will soon be a requirement for small...
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Stephen Kelly
- Jul 14, 2023
- 1 min
60% Tax Trap aka Tax Corridor of uncertainty
For the 2023/2024 Tax year if your earnings are between £100,000 and £125,140, the loss of the personal allowance could mean you end up...
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Stephen Kelly
- May 15, 2023
- 2 min
Optimum Salary for Sole Director Limited Companies
As the National Insurance Contribution (NIC) employment allowance (see earlier blog post) is not available to companies where the sole...
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Stephen Kelly
- Mar 14, 2023
- 3 min
THE ENTERPRISE INVESTMENT SCHEME (EIS)
This article provides an overview of the Enterprise Investment Scheme (EIS), the qualifying conditions and the benefits of EIS relief for...
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Stephen Kelly
- Jan 25, 2023
- 2 min
The Future of Company Cars is Electric
Drivers of electric and low-emission cars are taxed less than those with expensive, high-emission models. Employers can provide...
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Stephen Kelly
- Nov 17, 2022
- 1 min
Autumn 2022 Statement - Key Points
As widely expected and in distinct contrast to the ill fated mini budget, today the current chancellor Jeremy Hunt announced wide ranging...
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Stephen Kelly
- Sep 12, 2022
- 2 min
FAMILY BUSINESSES - TAX PLANNING
In the UK families where there is only a single earner are often more heavily taxed than where there are multiple earners. For example,...
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Stephen Kelly
- Dec 14, 2021
- 2 min
SIX TOP TAX TIPS FOR SAVVY SAVERS
With each new tax year comes a fresh set of tax allowances and reliefs available. So to prevent you having to navigate through the myriad...
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Stephen Kelly
- Nov 9, 2021
- 4 min
WORKING FROM HOME: CAN I CLAIM TAX RELIEF?
The Covid-19 restrictions saw many employees starting to work from home and when we (hopefully) return to the much over quoted “new...
33 views0 comments
Stephen Kelly
- Oct 15, 2021
- 4 min
THE LOWDOWN ON THE HEALTH AND SOCIAL CARE LEVY
To try and fill the gaping hole in the UK’s coffers as a consequence of the pandemic in an attempt to raise an extra £12bn a year...
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Stephen Kelly
- Sep 14, 2021
- 3 min
CAN MY COMPANY PAY A MEMBER OF MY FAMILY?
One of the most common questions put to accountants and tax advisors (and of course what should be by accountants to their clients in...
50 views0 comments
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