National Insurance: where are we now?
Spring Budget 2024 announced further cuts to National Insurance contributions (NICs) taking effect from the start of the tax year, 6 April 2024. It’s the second cut announced, and impacts employees — including company directors and the self-employed. We outline the...Why basis period reform actually does matter
It sounds entirely shoulder-shruggable: but basis period reform is like the bits under the bonnet. It makes the car go. In this case, it helps determine the tax bill.
Annual Investment Allowance (AIA) decreases from £1M to £200K from January 2022
The Government has announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.
Everything you need to know about paying tax on dividends
What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.
New measures to ensure small businesses get paid on time
The government has announced a package of measures to ensure small businesses get paid on time.
