by James Hellyer | Apr 12, 2022 | Business finance, general update
Whether you are self-employed or run your business through a company, the profits you produce are subject to tax less any reliefs for past losses or investments in assets that qualify for tax relief. As most accounts software packages do not allow for these tax...
by James Hellyer | Apr 12, 2022 | general update
How do we plan for the unpredictability that is a recurring feature of our business lives? Brexit, COVID-19, and now the war in Ukraine, all conspire to create trading conditions that can best be described as chaotic. Present challenges include increasing energy and...
by James Hellyer | Nov 1, 2021 | general update
In a recent press release the government confirmed that more than 500,000 rural homes in the UK are to receive access to better broadband plans. They said: 570,000 more rural premises in line for best broadband available via £5 billion Project Gigabit Includes...
by James Hellyer | Oct 25, 2021 | general update
Later this week (27 October 2021) Rishi Sunak will present his second budget during 2021. It is likely that reduced public expenditure and higher taxation will be features of this budget as the Treasury seeks to limit any further rise in government borrowings. The...
by James Hellyer | Oct 11, 2021 | general update, Income Tax
At present, self-employed traders (sole traders and partnerships) are taxed for each tax year on profits for the accounting period ending in that tax year. Therefore, if a trader’s accounting year end is 31 December, their assessment for 2021-22 will be based on...
by James Hellyer | Oct 4, 2021 | general update
The UK Government has announced that further measures will be put in place to help ease supply chain pressures as spikes in demand for fuel create a panic buying hysteria. This added pressure to already stretched supply chains is a further blow to affected businesses...
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