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Savings and investments

Make the most of ISA tax savings

ISAs (Individual Savings Accounts) in the UK offer tax-free savings and investment opportunities, with annual limits of £20,000 in the 2024/25 tax year. Options include Cash ISAs, Stocks and Shares ISAs, and Lifetime ISAs, each catering to different savings goals and risk preferences.

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Announcement

The King’s Speech 2024

The 2024 King’s Speech outlined the Labour government’s plans under Prime Minister Sir Keir Starmer, focusing on economic stability, clean energy, public health, and border security. Key measures include VAT on private school fees, nationalisation of railways and energy, and new housing and immigration policies, introducing 40 new bills.

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Making Tax Digital for Income Tax

The advantages of voluntary VAT registration

Discover the benefits of voluntary VAT registration, from reclaiming VAT on business expenses to enhancing your company’s credibility. Learn how to navigate different VAT schemes and streamline compliance with expert guidance from Sherwin Currid.

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General Election

UK Election 2024: Impact of policies on contractors

With the General Election taking place this week, contractors will be keeping a keen eye on the election campaign coverage to see how their finances will be affected. If you are a contractor, it is vital to know which parties have made pledges that may affect your work.

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Cloud accounting services

How can cloud accounting software help you?

Cloud accounting software can help small business owners and contractors easily manage their finances. This blog details what cloud accounting is and how it can help you to improve your business.

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Navigating VAT

Do sole traders have to register for VAT?

Starting a business as a sole trader comes with many advantages, but it also means that you are personally responsible for your business’s finances. One of these responsibilities includes registering for VAT if your turnover exceeds the threshold set by HM Revenue and Customs (HMRC).

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General Election tax policies

General election tax policies: What to expect

We have summarised the general election tax policies that parties have outlined in their campaigns so you can look out for potential changes.

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Tax form

What you need to know about the P11D form

With the deadline for P11D approaching it is important for employers to know the essential details about P11D forms and benefit in kind.

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Announcement

The 2024 UK Budget: Key Points

The 2024 UK Budget was announced on Wednesday, 6th March by Chancellor Jeremy Hunt. It outlines the government’s spending plans, UK tax policies, and economic goals for the coming year as well as introducing changes to existing legislation. In this blog, we will discuss the key points from the 2024 Budget.

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Tax form

Limited Company Directors: Prepare for Companies House Changes

The beginning of 2024 has seen people who earn extra income through online trading on websites such as eBay, Vinted, etsy and Depop become concerned about the changes to reporting requirements of online marketplaces

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General Election tax policies

Side Hustle Tax: Should You be Worried?

The beginning of 2024 has seen people who earn extra income through online trading on websites such as eBay, Vinted, etsy and Depop become concerned about the changes to reporting requirements of online marketplaces

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