December is here, and that means the annual racking of brains for present ideas. This year we’ve compiled a few thoughts on potential gifts for your loved ones from within our own family of clients. We hope they spark your imagination…
The new Chancellor, Jeremy Hunt has made his Autumn statement and acknowledged that the UK is in recession and things will get worse before they get better. He has said that “We are not alone in facing these problems,” but the UK is responding to global problems with British solutions, a balanced path towards stability, however it means it taking difficult decisions.
Most business owners find that they spend only a small percentage of their time on important strategic planning. A great deal of their effort is spent on the day to day running of the business.
Working from home has become more normal since the pandemic changed our working habits. Some of the costs of the home can be claimed against tax and in some cases, these costs may be considerable. Working from home may be an attractive option for some. Here we consider the tax implications of homeworking arrangements for the self employed.
The government will reverse “almost all” tax measures announced as part of its mini budget. Plans to cut the basic rate of income tax to 19% have been shelved and support for energy bills scaled back, announced Jeremy Hunt this morning. This article will outline the changes in economic policy, what is staying, what is changing and what has been cancelled.
In the Chancellor’s ‘plan for growth’, he announced changes to IR35 or ‘off payroll working’ rules. The rules were originally brought in in an attempt to stop contractors using personal service companies to pay less tax than they would have done as employees. HMRC called it disguised employment. This article will explain the changes and what they might mean for you.
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