Building Business Resilience
Millions of businesses and households are struggling with their energy costs, alongside increases in general taxation, the cost of council tax, water bills and other utilities.
Is it all doom and gloom or can you plan forward and make adjustments in, and to, your business to factor in these changes?
Managing Your Cash Flow
Cash flows are a reflection of all the cash that is flowing in and out of a business. Owners can look at the direction of the cash flows for insights about the health of specific products or services and overall market patterns.
ALL QUIET ON PENSIONS
In good news, we did not see measures to further restrict tax relief for pension contributions….
MORE TO PAY 45% INCOME TAX
The income level at which point the ‘additional’ 45% rate of income…..
FREEZING INCOME TAX BANDS
It had already been announced that the income tax personal allowance (£12,570) and higher (40%) rate threshold (£50,270*) would be frozen until 5 April 2026….
TAX INCREASES AND PUBLIC SPENDING CUTS
The new Chancellor Jeremy Hunt had warned the public and the financial markets that his Autumn Statement would include “eye-watering” cuts in public spending and tax rises for those with the ‘broadest shoulders’….
SDLT THRESHOLD INCREASED TO £250,000
Chancellors always like to pull rabbits out of the hat and make surprise announcements at the end of their Budget speech…
EMPLOYEE SHARE OWNERSHIP
The Government has announced two changes to the tax advantaged Company Share Option Plan (CSOP) scheme…
ENCOURAGING INVESTMENT IN UNLISTED COMPANIES
The new Chancellor has given his support to the tax-advantaged Enterprise Investment Scheme (EIS)…
HEALTH AND SOCIAL CARE LEVY SCRAPPED
It was on 7 September 2021 that we first heard about a new 1.25% Health and Social Care Levy, imposed on employers, employees and the self-employed, coming in from 2023/24…