December Newsletter

AUTUMN STATEMENT 2023 Jeremy Hunt led this year’s Autumn Statement on 22 November. Here are some of the key points you may have missed: THE NATIONAL MINIMUM WAGE From 1 April 2024, the National Living Wage will be £11.44 (an increase of 9.8%), and for the first time,...

November Newsletter

DO YOU HAVE A SIDE INCOME? You must declare this on your Self Assessment. Furthermore, from 1 January 2024, HM Revenue and Customs (HMRC) will have the power to see the exact income you receive when using digital platforms to sell goods and services online. These...

October Newsletter

HOW TO COMBAT EMPLOYEE BURNOUT AND MAINTAIN PRODUCTIVITY As 10 October is World Mental Health Day, it is a good time to reflect on the importance of employee wellbeing. In the demanding landscape of the business world, it can be easy to become burnt out from the...

September Newsletter

MARATHON MINDSET FOR YOUR BUSINESS Focusing on your business with a marathon mindset will help you in the long run (yes, that pun was intended). Successful businesses are built from patience, planning and adaptability – key traits of marathon runners. Use the...

August Newsletter

PLANNING A STAFF SUMMER PARTY? Employers may host social events for staff this summer without creating tax on the amount spent. The exemption applies to what HMRC refer to as an ‘annual party or similar function’. One set of criteria for this is that the cost per head...

June Newsletter

HMRC OFFICIAL RATE OF INTEREST ONLY 2.25% HMRC have announced that the official rate of interest will increase from 2% to 2.25% on 6 April 2023. The official rate of interest is used to calculate the income tax charge on the benefit of employment related loans and the...