The Chancellor Jeremy Hunt, has presented his Autumn Statement which he says is focused on growing the economy through reducing debt, cutting taxes and rewarding work. He stated that, ‘Our plan for the British economy is working, but the work is not done.’ This article will provide a summary of the measures announced. Do look out for a full report that will be sent to our newsletter subscribers in the coming days.
A valuable relief exists on the sale of the family home, but in certain situations careful planning is required to ensure that the relief is obtained. The capital gains tax (CGT) exemption for gains made on the sale of your home is one of the most valuable reliefs from which many people benefit during their lifetime. In this article we look at the operation of the relief and consider factors that may cause it to be restricted.
Those filing tax returns are urged to be on the lookout for scam texts, emails and phone calls from fraudsters. This warning comes as HM Revenue and Customs (HMRC) received more than 130,000 reports about tax scams in the 12 months to September 2023, of which 58,000 were offering fake tax rebates.
When you start out as self employed, the tax system can be confusing to navigate. This introduction will give you an overview of what you can expect with regards to tax deadlines and responsibilities.
Join us at 10am on 24 November, for a live seminar with Sussex Beds CEO Steve Pickering. Come and learn how Steve and his family successfully turned around a failing business and pick up some tips on how you might be able to make significant positive change in your organisation. Our new partner Joanna Green will also be there to meet and greet clients old and new. Coffee and pastries will be served on arrival.
For freelancers and contractors in the UK, tax efficiency is a crucial aspect of managing finances. Unlike traditional employees, self employed individuals are responsible for dealing with their own tax affairs, which means they need to find ways to reduce their tax liability while staying within the boundaries of tax law. In this post, we’ll explore essential strategies that can help freelancers and contractors maximise their tax efficiency.
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