by Terry Phillips | Jan 28, 2024 | National Insurance, accountancy, Accountants, director, employee, hmrc, Self-Assessment, tax
Accountants Chester – Tax Tip No. 57 In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from 12% to 10%. Rather than waiting until the start of the 2024/25 tax year to bring in the...
by Terry Phillips | Jan 14, 2024 | Sole trader, accountancy, Accountants, Business Owner, hmrc, Income Tax, partner, Partnership, Self employed, tax, Tax return
Accountants Chester – Tax Tip No. 55 If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals, you can use the accruals basis to prepare your accounts or, if you are eligible, the...
by Terry Phillips | Nov 28, 2023 | Tax planning, accountancy, Accountants, Business Owner, director, Partnership, Self employed, SME, Sole trader, tax
Accountants Chester – Tax Tip No. 50 Navigating the Autumn Statement Changes The recent Autumn Statement introduced several tax changes that could significantly impact small and medium-sized enterprises (SMEs). To help you navigate these changes, we’ve...
by Terry Phillips | Nov 22, 2023 | Budget, accountancy, Accountants, Business Owner, employee, Employer, hmrc, tax, Tax return
Accountants Chester – Autumn Statement Key Tax Points In an effort to boost the UK economy, Chancellor Jeremy Hunt unveiled a package of measures that includes business tax cuts and reforms to national insurance contributions: The headline rate of national...