Jacquelyn Kimber, Author at Newby Castleman

1st November 202322nd November 2023

Autumn statement: 22 November 2023

4 minutes to read A ‘transformational’ Autumn Statement? With better-than-expected inflation figures the Chancellor of the Exchequer, Jeremy Hunt appeared keen to shed his party’s reputation of having overseen the biggest increase in the tax burden since the Second World War. With a total of 110 changes, the speech was billed as ‘a plan to unlock investment, reward work and …

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7th August 20237th August 2023

Claiming R&D tax relief? New process from 8 August 23

4 minutes to read Changes to the process for claiming R&D tax reliefs and allowances, and what they mean for your business need careful attention right now. From 8 August all R&D claims must be made electronically through HMRC’s portal, alongside detailed information regarding the claim. R&D tax relief R&D tax relief supports companies that work on innovative projects …

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12th July 202323rd August 2023

Tax treatment of software and design costs

2 minutes to read What does a business owner need to know about the treatment of ‘digital expenses’ and their potential tax consequences? Whether you are at the planning stage, or an established business, it is worth speaking to one of our experts to check you are making the most of the digital investments you are making. Background First, …

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17th April 202314th August 2023

2023-2024 Tax cards

< 1 minute to read Our latest tax cards are a concise summary of the tax rates, allowances and bands for the tax year 2023-2024. Useful to refer to if you want to check – Income Tax Income Tax reliefs Individual Savings Accounts Capital Gains Tax Inheritance Tax Car, van and fuel benefits National Insurance Tax reliefs for individuals Follow …

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1st March 202325th April 2023

Tax planning: Savings and investments

4 minutes to read For tax efficiency on savings and investments read our fourth guide here, or contact either our Leicester or Loughborough accountants. Savings The Savings Allowance (which applies across the whole of the UK) allows interest of up to £1,000 from savings such as – bank and building society accounts – unit trusts – trust funds to …

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28th February 202320th March 2023

Spring Budget: Our summary

4 minutes to read As 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 read Many 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 read The 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 read In 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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20th December 202220th December 2022

Making Tax Digital: more time to comply

2 minutes to read With the economic environment challenging, the government has announced today (19 December 2022) that self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD). The aim is now to implement the change gradually so that MTD works for everyone: taxpayers, tax agents, software developers, as well as HMRC. The significant …

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