Business as usual – we’re operating remotely once again. During this time, please may we ask you visit the office for scheduled record drop off only.

Corporation tax changes

from 1 April 2023 where profits exceed £250,000 Corporation tax will be charged at 25%. For profits under £50,000, the rate of 19% will remain unchanged. For profits between £50,000-£250,000…

A temporary return of three-year loss carry back

Unincorporated businesses and companies will welcome the increased flexibility to carry back losses arising during the period of the pandemic an additional two years. The extended relief will allow for…

Capital allowances April 2021

Capital Allowances A “super-deduction” will be introduced from 1 April 2021 until 31 March 2023 allowing companies to benefit from a 130% first-year allowance for capital expenditure on qualifying new…

Advisory Fuel Rates – 1 March 2021

  Engine Petrol Diesel LPG < 1400cc < 1600cc 10p 10p 9p 9p 7p 7p 1400-2000 1601-2000 12p 12p 11p 11p 8p 8p > 2000cc 18p 12p 12p NB Electric…

Changes to car benefits 2021/22

Benefit in Kind Depending on when the vehicle was registered, changes to the car benefit are set for this coming tax year. With the 0% tax charge on Zero emission…

2021/22 Individual Allowances and Rates thresholds update

Allowances and thresholds update for 2021/22 Personal allowance £12,570 Basic rate band £37,700 Blind person’s allowance £2,520 Married couple’s allowance (born before 6/04/35) £9,125 Income limit for age-related allowances £30,400…

Spring Budget, tell us more!

Following this weeks Budget, many of our clients are requesting further guidance. At this moment in time, we are awaiting more details set to be released next Thursday. May we…

CJRS ”Furlough” Extended

It was announced this week as part of the Budget that the CJRS furlough grant scheme has now been extended to 30 September 2021. Employees will continue to receive 80%…

SEISS Update

Following the announcement earlier this week, it has been confirmed that two further grants will be issue to eligible self employed individuals. Most importantly, the assessment period for these grants…

Budget update spring 2021

Following the Chancellor’s Budget on Wednesday, we have updated our resource page for our spring newsletter. Focusing mainly on the budget. If you haven’t taken a look already, download now.…