Category: Blog

  • Tax changes following the autumn statement 2022

    Tax changes following the autumn statement 2022

    On the 17th of November there were several changes announced that will affect tax for future years. Personal Tax & National Insurance bands Dividend tax Capital Gains Tax State pension increase

  • The Growth Plan September 2022

    The Growth Plan September 2022

    ** Many changes announced in the Growth Plan have now been abandoned as below ** On Friday 23rd September, the previous Chancellor announced several plans that will affect individuals and the self-employed: 1% Reduction in income tax From April 2023, it is planned to reduce the basic rate of income tax from the current 20% […]

  • Could completing your own 2022 tax return actually cost you money?

    Could completing your own 2022 tax return actually cost you money?

    Sometimes people make the mistake of thinking they can try to save money by completing their own tax return, rather than engaging the help of a professional. Unfortunately, there are several areas to consider when looking at the costs of professional help and the benefits this provides. Your own time isn’t free If you are […]

  • HMRC Home working claim changes for 2023

    HMRC Home working claim changes for 2023

    As expected, HMRC has now changed the home working allowance claim regulations for the year to 5th April 2023. During the pandemic, there was a special allowance available where you could claim the fixed home working rate for a whole year even if you only worked from home for part of the year. The weekly […]

  • The 2022 Paper Tax Return

    The 2022 Paper Tax Return

    The 2021/22 tax year ended on 5th April 2022, tax returns for that year can now be submitted. It is highly recommended that returns are completed as early as possible in the year, that way nasty surprises are avoided. By leaving things later in the year, there is less time before the tax due for […]