Accounting, Bookkeeping & Tax Blog
Your small business resource for accounting, bookkeeping, and taxes our experts.
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0 Comments Nov 9, 2024 by Muhammad Shahid Aziz Capital allowances are a way for businesses to reduce their tax bill when they buy big items like machinery, vehicles, or other equipment needed for their work. Instead of deducting the full cost right away, you can spread it out over several...
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0 Comments Nov 8, 2024 by Muhammad Shahid Aziz The UK government's Autumn Budget 2024 introduced significant changes to employer National Insurance (NI) contributions, set to take effect from April 2025. These changes include a reduction in the NI primary threshold for employers and an...
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0 Comments Nov 8, 2024 by Muhammad Shahid Aziz If you're thinking of selling your business or business assets, Business Asset Disposal Relief (BADR) can help you save on taxes. BADR offers business owners a lower Capital Gains Tax (CGT) rate. Let’s break down how it works, who qualifies,...
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0 Comments Nov 7, 2024 The UK government’s 2024 Budget, announced this autumn, lays out the tax rates for the next two years. Taxes can be tricky, so we’ll break it down in a simple way to understand how these rates affect the money you take home if you’re employed or self-employed. In this...