When running a business, ensuring you get VAT right is vital. So, how can you make things easier?
Tax-Free Investment Zones – How could they support your growth?
In his mini-Budget, Chancellor Kwasi Kwarteng announced plans for Tax-Free Investment Zones across England. The Government says these new economic zones will drive growth by lowering taxes and freeing up planning to encourage development and business investment. What are the benefits? These zones will offer a number of advantages to the businesses that choose to […]
What does the Income Tax cut mean for you?
When Chancellor Kwasi Kwarteng announced his changes to the basic rate of Income Tax you may have wondered what it meant for you. From 6 April next year, the basic rate of Income Tax will be reduced by one percentage point – from 20 per cent to 19 per cent. This cut to Income Tax […]
What does the repeal of IR35 mean for businesses and contractors?
The IR35 and off-payroll working rules, which affect how contractors operating through a personal service company (PSC) are classed and taxed, will be repealed in April 2023. Under the most recent reforms, IR35 in the private sector limited the way that contractors and freelancers could work in medium and large companies as employees through an […]
Are you ready for changes to R&D tax reliefs in 2023?
R&D tax reliefs have supported hundreds of thousands of businesses to invest in innovation by cutting the amount of tax that they pay. However, from 1 April next year, there will be several changes to the rules surrounding R&D, which could affect how much relief you can claim. Expand eligible expenditure to data sets, cloud […]
The rate of late tax payments interest rates continues to rise
From 11 October, the interest rates on late tax payments rise again in line with the Bank of England’s (BoE) latest base rate increase. The BoE increased the base rate by 0.5 per cent to 2.25 per cent in September, as a result of inflation. Due to this, the late payment and repayment interest rates […]
What does Sterling’s historic value against the dollar mean for investment?
Sterling’s fall to close to parity with the dollar means that the cost of investing in UK businesses is lower than ever, especially for businesses and individuals based in the US or otherwise primarily trading in dollars. Simply put, their dollars are now worth more pounds, meaning they get more bang for their (literal) buck. […]
UK set to review foreign worker visa conditions to ease labour shortage
As the UK labour shortage continues, it has been reported that Prime Minister Liz Truss is to launch a review of the UK’s visa scheme.
Davis Grant Director takes top ranking in 35 under 35 list of accountants
Clients, the team and Directors at Davis Grant have congratulated Ben Chernoff after he was named among the top 10 accountants in the UK under the age of 35. Ben was carefully selected for Accountancy Age’s 35 under 35 list from hundreds of nominees from across the UK and ranked in seventh place for his […]