February 2023 - Newby Castleman

28th February 202320th March 2023

Spring Budget: Our summary

4 minutes to readAs anticipated, Chancellor Jeremy Hunt’s first Budget was heavily focussed on a push for economic growth, by offering tax breaks to stimulate business investment, and address pressures on the UK’s workforce by providing incentives to remain in or return to employment. Whilst few would have been expecting much in the way of tax giveaways, the …

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21st February 202320th March 2023

Tax planning: Tax and your family

4 minutes to readMany families look at their household income in the round for budgeting expenditure. This approach is also valuable when it comes to tax and your family, so that the best uses of allowances are made. Tax and your family In the weeks leading to 5 April 2023 consider three points to create the most tax-efficient …

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15th February 202320th March 2023

Tax planning: Income tax rates & allowances

5 minutes to readThe period before the end of the tax year is an important time to review your affairs with your accountant. There’s still time to plan, and make the most of allowances, ahead of your new tax return being issued after the 5 April 2023. Here, in the second of our year-end tax planning reviews, we …

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13th February 202320th March 2023

Tax planning: Director-shareholders

4 minutes to readIn all things tax, time is definitely of the essence. Over the next four weeks, we take a look at the tax changes announced in 2022 which may affect your personal affairs, your family and business affairs. Checking your plans for the long term are arranged as tax efficiently as possible is always important, and …

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