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Email: jon@proactive-accounting.com
Now that the dust has settled, let’s take a look at the relevant parts of the budget for small businesses. National Insurance The National Insurance increase of 1.25% on both employee and employer’s contributions has been reversed effective from April 2023. Dividend Tax The Dividend tax increase of 1.25% has also been reversed, the…
HMRC are continuing their crackdown on the R&D Tax Credit scheme, with new rules taking effect in April 2023. The stated goals of these changes are: To Modernise the regime by extending the relief To refocus the incentives on UK-based R&D To improve compliance by deterring fraud and errors Resolve design flaws of current rules…
Under pressure from their members our professional bodies have finally broke their silence on HMRC’s poor service. All of the major accounting regulators have issued a full letter to HMRC calling the organization out over the absolute collapse in their service levels since 2020. “We are under considerable pressure from our members to demonstrate…
Following on from our blog post last week about relief available in the Budget Stormont have announced a new batch of Rates Grants, mostly based around your business’ eligibility for the last few grants scheme and the NAV/rateable value of your premises. We will try to jog your memory about which of the confusingly named scheme…
In line with yesterday’s budget there are a few things that everyone should be aware of. We’ve done our best to keep this as brief and easy to read as possible, there are ample guides elsewhere which can summarize the budget in more technical language. Most of the information thus far comes from the chancellors…