The Valuation Office Agency (VOA) has updated the rateable values of all businesses, and other non-domestic, properties in England and Wales from 1 April 2023. The Government levies the charge on offices, shops, pubs, and warehouses. In fact, most non-domestic properties will attract business rates. They may also be charged where only part of a […]
Government announces shakeup in the payment of Benefits in Kind
The Government has announced a shake-up in how Benefits in Kind (BIK) are paid. The move will allow tax agents to run payroll BIK on behalf of clients for the first time. The Government says it will help to reduce administrative burdens on employers and enable agents to support their clients more effectively. If an […]
How can you prepare for the basis period reform?
We are currently in the transition period for the basis period reform, which is set to come into full effect from the 2024/25 tax year.
Manage your time better with The Achiever Matrix
The Achiever Matrix, originally created by Steven Covey, consists of four quadrants that aid in prioritising tasks according to their significance. By utilising this matrix, business leaders can effectively manage their time and attain greater levels of accomplishment during their day, week, month, year or career. Each quadrant explained: Quadrant 1 The first quadrant of […]
Financial considerations of building a new brand
When it comes to creating a new brand, considering your finances is a vital part of the planning stage as you need to ensure you have the budget for all your goals.
What salary should I take as a director of a limited company?
Being a director of a limited company means having the ability to pay yourself in a different manner to being a typical PAYE employee.
Don’t forget about P60 forms
With the tax 2022/23 tax year soon coming to an end, you need to be prepared to provide your employees with their P60 forms.
Is your business ready for the new tax year?
Getting the tax year off to a good start will help you to optimise your overall financial position. But you need to plan ahead.
Capital allowance – Changes for plant and machinery expenditure
Capital allowances are a form of tax relief for businesses. They allow you to subtract some or all of the value of an item from your profits before you pay tax.