In his opening statement to this year’s Budget, the Chancellor, Rishi Sunak has admitted that the pandemic has done permanent damage to our economy. Support to millions was essential. As a result, however, the borrowing hiked up and it can
Furlough now extended – the latest update
The government has now extended support through Furlough to millions to March 2021. Businesses and self employed welcomed the move but how will this affect them? As a result, 80% of all employed, will be paid by the taxpayer. All
HMRC support is always available
Employers! remember to verify with HMRC if your employees’ tax codes need changing before the first Payroll run after 5th of April 2019. You can access help and support as well as additional information on Making Tax Digital for Business,
Budget 2018 UK
Budget 2018 has been announced and it is today under intense scrutiny after government has offered tax cuts and extra cash for public services. Philip Hammond opened his speech by announcing the Budget that paves a way for bright future
UK Tax Dates and Deadlines
UK Tax Dates and Deadlines. The tax year runs from the 6th April – 5th April. Accounts of Self-Employed individuals need to be calculated according to these dates. Tax Returns can be submitted from first day of new tax year.
When going Self-Employed
Self-employed entrepreneurs, at the start, often face, the dilemma of whether to run a limited company or to work as a sole trader. Thanks to economic freedom we can make choices, which we should exercise with courage and careful consideration
Budget 2017
Philip Hammond has delivered his first Budget as chancellor. These are the key points of what he has said. Personal taxation No changes to National Insurance paid by the self-employed, employed and employers or to income tax or VAT Personal
Difficult Task of Making Tax Digital
Digital revolution with its benefits is apparent and widely experienced in every walk of life. From online shopping and booking an appointment or night out, to internet banking and paying for transactions. Business and service providers are taking things even
Low interest rates – not as good as meant to?
Economically and politically eventful summer is over. Those who managed to get away, paid more for holidays this year and may have already started longing to the times more rewarding for British pound. It has been estimated that average holiday maker lost 500 pounds on currency exchange
Summer Budget
Summer Budget 8th July 2015 Chancellor George Osborne has delivered the first Budget by a wholly Conservative government in almost 20 years. The March 2015 Budget provided some clues as to possible new measures and of course, the Conservative