3 minutes to read The Chancellor’s speech may have been billed as a “mini budget” but there was nothing diminutive about the package of changes Kwasi Kwarteng announced on 23 September. The Chancellor’s overall aim is to achieve a trend rate of growth in the UK of 2.5% per annum, and in a change from recent fiscal policy, the …
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< 1 minute to read From 1 September 2022 our revised hours will be as follows: Monday to Thursday 9am to 5.15pm Friday 9am to 4.00pm This change applies to our Leicester and Loughborough offices.
2 minutes to read HMRC’s Trust Registration Service With a registration deadline looming, and urgent action needed by 1 September 2022, check now: could the Trust Registration Service (TRS) impact you? Part of a European initiative to tackle money laundering and the financing of terrorism, the rules around the TRS now have consequences for many more trusts and trustees …
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2 minutes to read Capital gains tax: negligible value claims What would happen if an asset you bought becomes worth almost nothing? Maybe you bought shares just before the pandemic but they aren’t worth anything! When this happens, you could make a negligible value claim. This claim will allow you to crystalise the capital loss and give you the …
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4 minutes to read Homes for Ukraine Scheme – a new Government scheme which offers a lifeline for those who have been forced to flee their country. What is the Homes for Ukraine Scheme? Homes for Ukraine Scheme is a government-led initiative which allows homeowners & landlords to welcome Ukrainian refugees and their immediate families into their homes or …
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3 minutes to read The Treasury recently announced that it intends to recognise stablecoins as a valid form of payment as part of wider government plans to ‘make Britain a global hub for cryptoasset technology and investment’. Here, we consider cryptoassets in greater detail. Outlining cryptocurrencies The government defines cryptoassets as ‘cryptographically secured digital representations of value or contractual …
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2 minutes to read Despite the UK’s drive to reach net zero by 2050 being high up the policy and news agendas, the majority of SMEs in the UK do not understand how ‘carbon jargon’ applies to their businesses. So, what do these terms mean? Overcomplex According to research by the British Business Bank (BBB) more than half …
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2 minutes to read Change to the National Insurance (NI) regime makes major demands on employers. It amounts to much more than making sure payroll systems are crunching the right numbers. With NI contributions in an unusual state of flux, explaining all the ups and downs is likely to mean significant employee communication is needed, as well. The first …
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3 minutes to read Tax year 2023/24 brings important adjustments to the way tax liability is calculated for unincorporated businesses. The change is called basis period reform. Do I need to know about this? Yes, if you operate as a sole trader or in partnership, and your accounting year end is anything other than 31 March or 5 April …
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2 minutes to read New minimum wage rates took effect from 1 April 2022. There is, however, much more to minimum wage compliance than simply taking an annual increase on board. Minimum wage compliance falls to HMRC, which takes its responsibilities very seriously, and penalties can be charged for even inadvertent errors. HMRC checks HMRC carries out checks on …
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