The Government has extended the voluntary National Insurance deadline by an extra four months, meaning taxpayers now have until 31 July 2023 to make additional payments and help increase their state pension entitlement. The deadline for making additional National...

In his first Spring Budget as Chancellor, Jeremy Hunt announced a number of ‘investment zones’ across the country. The programme will provide 12 areas, split across England, Wales, Scotland and Northern Ireland, with £80 million in support and “put powers and money in...

Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation has been relatively rocky to date. While the Government successfully introduced MTD for VAT for returns starting on or...

Why it pays to save for retirement. Tax relief is one of the best features of using a pension to save for retirement. When you pay into your pension, some of the money that would have gone to the Government as tax goes instead into your pension pot, which can help...

Businesses at any stage in their life cycle can benefit heavily from creating and implementing a business plan. Not only is a business plan there to map out your goals and aspirations, but also to identify any financial risks and operational challenges you may...

The Treasury has confirmed that Making Tax Digital for income tax self-assessment (MTD for ITSA) will be delayed a further two years until April 2026. According to First Secretary to the Treasury Victoria Atkins, this phased approach will give businesses more time to...

The fundamentals of setting up a business. A side hustle is a piece of work or a job that an individual can get paid for in addition to their main job. From driving for a ride sharing company to tutoring online, copywriting, and more, a side hustle could be any...

A number of changes have been implemented to income tax in April 2023 that will affect taxpayers across the UK. Many of these measures were announced by Chancellor of the Exchequer Jeremy Hunt in his Autumn Statement on 17 November 2022. According to Hunt, these...

Living costs soared by 5.1% in the 12 months to November 2021 to reach their highest level since September 2011. The main rate of inflation, as measured by the Consumer Prices Index, increased 0.9% from the 4.2% recorded in the 12 months to October 2021. Forecasts...

Investing in research and development (R&D) formed a major part of Chancellor Rishi Sunak's Autumn Budget, although it contained little detail. "We have four of the world's top 20 universities, 14% of the world's most impactful research, and the second most Nobel...