We’ve created an easy-to-read tax table that outlines the tax thresholds for 2023/24, following the Spring Budget on 15th March 2023. Tax Tables for the 2023/24 tax year here. While the majority of the 2023/24 tax rates were released in Autumn 2022, some changes involved unwinding the announcements of Mr Hunt’s predecessor. Key Tax Changes […]

Chancellor Jeremy Hunt has unveiled the contents of the Spring Budget today, which focuses on prompting people to return to work and boosting business investment. Below is a summary of the Spring Budget 2023. Spring Budget 2023 Summary The government led the Spring Budget by claiming that they believe the UK will avoid a recession […]

Inflation happens when there is more money in circulation than there are goods and services available to purchase. This can greatly impact businesses up and down the nation. What is Inflation? Inflation is the rate of increase in prices over a period of time – such as the increase in the cost of living. Ultimately, […]

Inflation is impacting the cost of living across the world, but the UK in particular seems to be taking a large hit. Prior to the pandemic, the level of poverty in the country was at an all time high and, with a long period of cuts to social security, support for low income houses fell. […]

With the current climate crisis, companies are doing more to improve their sustainability. Not only this, but with the push for net zero across global markets increasing, many firms want to take stock of their carbon footprint.  Another motivator for this is the significant savings that can be made through green incentives and schemes – […]

As every business knows, it’s important to keep company records as part of a business practice and liability. How long you keep these records will depend on the type of business you run and the type of records you keep. What Records Should Your Business Keep? Your business should keep company, financial and accounting records […]

Outsourcing your accounting is when you hand the activity over to be performed by an external supplier, rather than by yourself or one of your employees. An accounting firm will manage your accounts for you, which can have many benefits for both small and large businesses. Advantages of Outsourcing Business Accounting Saving Time Time spent managing […]

The recruitment crisis across the UK shows no sign of slowing, with over 1 million job vacancies and not enough people to fill them. This shortage not only impacts the now and short term, but also impacts the country in the long run – shortages could mean that we see a fall in productivity by […]

Last week we saw Kwasi Kwarteng’s first Budget address, setting out the UK Government’s key policies to tackle inflation and the ever-increasing energy cost crisis. Here is a summary of what the budget means to both businesses and individuals. Mini Budget Summary – Business Corporation Tax In the previous March 2021 Budget, it was announced […]

Along with almost everything at the moment, interest rates are increasing. One burning question is how will interest rate rises impact finance, both personally and in business? Below we explore some ways in which a higher interest rate may impact you. What Are The Interest Rates Increases? First, it’s important to look at why interest […]