Finance Blog & Resources

Small Business Tax, Compliance & Accounting can be a minefield at the best of times! That’s why we’ve put together this resources section to help you make sense of it all, and explain the latest rules and regulations in good old plain English!

Benefits-in-Kind (BiK)

What Are Tax Efficient Benefits-in-Kind (BiK)? Now the P11d process is fresh in everyone’s mind it is worth considering a few tax efficient BiKs. Fully Electric Company Cars The tax position for directors and employees provided with fully electric company cars,...

National Insurance Changes

Starting from the 6th of July, the primary tax threshold (which is the main salary at which people begin paying National Insurance), rose from £823 to £1,048 a month. This means that earnings above £12,570 a year, which is the same threshold as 20% income tax, are now taxed at 13.25% National Insurance.

Corporation Tax Increase & Super Deduction Updates

As the dust settles on last months budget we can look at a couple of measures in more detail. Corporation Tax Increase In 2023 As we know, the main rate of corporation tax will rise from 19% to 25% in April 2023. Only the largest 10% of companies will be affected by...