Student Loan Repayment Thresholds Changes

From 6th April 2023, there are new earnings thresholds for student loan repayments. New Thresholds How much an employee has to repay depends on their income. They will repay a percentage of income over the ‘threshold’ for their type of loan. The new thresholds are as follows: If an employee has more than one job, […]

Advisory Fuel Rates (AFRS) Changes

From 1st March 2023, HMRC announced a fall in advisory fuel rates (AFR). Clients can use the old rates up until 31st March 2023. New Advisory Fuel Rates Use the AFR to reimburse employees who use a company car/van for business travel, or to acquire fuel repayments from employees who use the company car/van for […]

April Deadlines For Your Business

Please see below deadlines for your business this month. 5th April 7th April 19th April 30th April Deadlines  If you need help with any of the above, including filing tax returns, please contact the team at James & Uzzell now to see how we can help.

Tax Tables 2023-2024

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 […]

Spring Budget 2023 – 15th March 2023

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 […]

The Effects of Inflation on Businesses

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, […]

How to Go Green With Green Taxes & Reliefs

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 – […]

How Long Do You Need To Keep Corporate Tax Records?

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 […]

Autumn Budget Summary 2022

Jeremy Hunt has delivered the much anticipated Autumn Budget to parliament, addressing how the government will restore Britain’s public finances. As expected, the Autumn Statement sets out to tackle the cost of living crisis and rebuild our economy; focussing on stability, growth and public services. The International Monetary Fund expects one third of the world’s […]