
Beat the 5th April ISA deadline
The Bank of England once again increased the base rate on 23 March 2023 – this time by 0.25% to 4.25%. While rising interest rates are good for savers who are able to enjoy a better return on their savings, it may mean that you will need to…

Changes to capital allowances from April 2023
The Chancellor, Jeremy Hunt, presented his Spring Budget on 15 March 2023. There were no changes to the income tax rates and thresholds, which had been announced previously. However, the Chancellor unveiled the successor to the capital allowances…

National Minimum Wages From 1st April 2023
The Government has announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) which will come into force from April 2023. In doing so, it has accepted in full the recommendations of the Low Pay Commission.
By law,…

Spring Budget 2023 - Pension tax regime
The Chancellor, Jeremy Hunt, presented his Spring Budget on 15 March 2023. There were no changes to the income tax rates and thresholds, which had been announced previously. However, the Chancellor unveiled significant pension reforms.
Key…

Problem solving - Why keeping in touch is important
Why keeping in touch is important...
Business problems you may be facing
Here is a summary of the business-related issues that we are currently helping clients manage:
Cashflow concerns
Meeting debt repayment obligations
The impact…

Tax-Free Childcare - How to get tax-free help
For working parents, the cost of childcare can be significant. The school holidays often present particular challenges as extra childcare may be needed. This can be prohibitively expensive, particularly during the current cost of living crisis.…

Directors National Insurance - Annual Recalculation
Company directors have an annual earnings period for National Insurance contributions. This may necessitate an annual recalculation at the end of the tax year.
Key dates
When you pay a company director for the final time in the 2022/23 tax…

Holiday Homes - Meeting your tax obligations
HMRC have sent ‘nudge’ letters to individuals who they believe have undeclared income from letting holiday homes and short term lets on sites such as Airbnb and Booking.com.
Key dates
If you have received income from holidays lets you…

Child Benefit - High Income Charges
You are able to claim child benefit if you are responsible for bringing up a child under the age of 16, or under the age of 20 where the child stays in approved education or training. However, some or all of the child benefit that you receive…

Voluntary National Insurance Contributions
Class 3 National Insurance contributions are voluntary contributions which an individual can choose to pay to increase their entitlement to the state pension. Individuals who have gaps in their contribution record from 2006/07 to 2015/16 have…



