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22 May 23

Do you use pensions to manage your tax?

Do you use pensions to manage your tax? We often discuss with our clients how pensions can play a part in not only their future, but the immediate impact they can have on your tax position – whether you are an individual or a business owner. We’ve put together below…
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12 Jan 23

Corporation Tax Increases

At the time of writing this, the current objective is that the corporation tax rates will increase to a potential rate of 25% for limited companies, with this due to come into effect from April 2023. This is up from the current levels of Corporation Tax of 19%.    The…
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12 Jul 22

What is a tax code?

What is a tax code? Tax codes are applied to income where tax is deducted at source such as employments and pension to calculate the amount of income tax that should be calculated on the amount payable to you. If your only source of income is subject to tax deducted…
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person filling out a paper tax return form
29 Jun 22

Payment on Account – what does it mean?

What are payments on account for tax? With the filing of personal tax returns in full flow, a question that often comes up is – what are payments on accounts and why do I need to pay them? We’ve broken this down below… When you complete a personal tax return,…
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woman filling out book keeping forms
29 Mar 22

Spring Statement – A summary

We are delighted to have put together our summary of the key announcements from the Spring Statement along with previous announcements that effect the upcoming tax year. The Spring Statement is normally an opportunity for the Chancellor to outline budgetary spends and forecasts, rather than a time when we expect…
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